China ADRs bounce on a stimulus leak that desks treat as a rumor
The reflex rally is muscle memory. The follow-through still needs a number.
Senior Markets Correspondent
Financial candlestick chart on a trading screen
Alibaba, PDD, and a handful of platform names jumped on an unsourced property-support note, then gave back half the move when no ministry confirmed it.
Elena Vasquez
Senior Markets Correspondent
Covers Treasuries, the dollar, and the policy signals that reprice risk assets.
