China's Foreign Trade Surplus Exceeds $1 Trillion

China's foreign trade surplus reached $1.04 trillion in the first ten months of the year. During this period, strong growth trends in both exports and imports continued. According to October data, exports increased by 35.2% year-on-year, while imports rose by 41.6%. These increases contributed to the expansion of foreign trade volume. In the foreign trade performance, AI-related products and semiconductors stood out. These items were among the factors supporting export and import figures. On the other hand, weak domestic demand remains a fundamental problem in the economy. Despite the strong foreign trade performance, insufficient demand in the domestic market is noteworthy. Not investment advice.

📊 BABA — Piyasa Yorumu

■ neutral · 45%

The news points to a positive macro-level development, such as China's foreign trade surplus exceeding $1 trillion; however, its direct impact on BABA is limited and indirect. The technical picture is weak: the price at 102.69 is below the SMA20 and SMA50, the RSI at 35 is near the seller zone, and the MACD is negative below the signal line. The 24-hour decline of 3.86% confirms that short-term momentum is downward. The news alone is not expected to reverse this weak technical picture; a neutral-to-bearish trend is likely for 1-3 days. Nevertheless, the RSI approaching the oversold threshold keeps the possibility of a limited rebound alive.

RSI 14

35.0

MACD

-0.81

24h Δ

-3.86%

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