Alibaba and Baidu stocks have experienced a decline despite China’s recent stimulus measures and a rate cut. Although the Chinese government has taken steps to boost its economy, these actions have not been enough to reassure investors about the future of tech companies in the region. Concerns persist regarding the ongoing trade tensions between the U.S. and China, as well as the potential for an economic slowdown. Reports indicate that the U.S. has requested a trade meeting in Switzerland, which could be pivotal in addressing these issues. Meanwhile, the Federal Reserve has decided to keep interest rates steady, with Chair Powell set to provide further insights. These developments highlight the complex interplay between global economic policies and stock market performance.
— new from Barron’s