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Markets

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.

Elena VasquezSenior Markets Correspondent
Financial candlestick chart on a trading screen

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.