Las Vegas Sands, MGM and Wynn all surged 4%-5% Tuesday on the news that China will wind down an anti-corruption drive within the ruling Communist Party. China Daily reports that the campaign was meant to curb "misbehavior by party officials." "The campaign has reached its goals... but Party organizations at all levels must not let up on the drive to improve working practices and should continue to deal with the problems exposed by the campaign," said a statement released Tuesday after a meeting of the Political Bureau of the CPC Central Committee.
A Story Out Of China Has Casino Stocks Surging
Linette Lopez, Business Insider
Tue, 09/30/2014 - 10:47am
BING NEWS:
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The best China stocks include Tesla archrival BYD as well as messaging and gaming giant Tencent and ecommerce leader PDD Holdings.
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China's stock market has rebounded impressively in 2024, thanks to government support, changing sentiments of global investors, policy reforms, and economic recovery.
05/9/2024 - 5:50 am | View Link - China Mulls Dividend Tax Waiver on Hong Kong Stocks Connect
China is considering a proposal to exempt individual investors from paying dividend taxes on Hong Kong stocks bought via Stock Connect, according to people with knowledge of the matter.
05/8/2024 - 8:44 pm | View Link - Why one economist says Elon Musk has turned Tesla into a meme stock
"From the standpoint of Wall Street speculators, it is a bouncing ball in a roulette wheel: a tech-bubble casino play," J. Bradford DeLong wrote.
05/2/2024 - 4:30 am | View Link - Hong Kong Stocks March Into Bull Market as Global Money Returns
Hong Kong’s world-beating stock rally is showing no signs of letting up even with Chinese investors, a key buying force, out of action. The risk-sensitive Hang Seng Tech Index jumped more than 4% on ...
05/1/2024 - 7:39 pm | View Link - More
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