Latest News

Panic Selling Grips Chinese Stocks in Biggest Plunge Since 2008

the close up of the five rows coins ,and the coins jar that fell, with the back ground is a dark blue graph.

Motley Fool

Why Baidu, NetEase, and Alibaba Stocks Keep Falling

Fears about investing in Chinese tech stocks reached a fever pitch Monday, as international megabank J.P. Morgan announced “double-downgrades” on three of the biggest names in China tech: Baidu (NASDAQ: BIDU), NetEase (NASDAQ: NTES), and Alibaba Group Holding Limited (NYSE: BABA). As of noon ET, NetEase shares are down 7.2% from Friday’s close, Baidu stock is off 7.5%, and Alibaba is leading the Chinese tech sector lower with a loss of 8.2%. For one thing, there’s the continuing risk that a whole lot of Chinese stocks — even the big ones — might have to delist from U.S. stock exchanges if China’s government can’t find a way to work with their U.S. counterparts to permit full and accurate auditing of Chinese companies’ financial reports.

Opinion: The Ukraine War Likely Has Triggered a Lasting Bear Market

Previous article

What a Russia debt default would mean for financial markets as Ukraine invasion continues

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News