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Nasdaq Golden Dragon China Index Slips 2% as Alibaba, Baidu, Autos Subdued
Recommend 50 Positive 68 Negative 40 |
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The Nasdaq Golden Dragon China Index sank 176 points or 2% overnight (9th) at 8,539. Among Chinese ADRs, Alibaba (BABA.US) and Baidu (BIDU.US) slid 4.1% and 4%; JD.com (JD.US) and Vipshop (VIPS.US) fell off 2.9% and 2%, while Pinduoduo (PDD.US) and NetEase (NTES.US) declined 1.8% and 1.5%. GDS Holdings (GDS.US) and Bilibili (BILI.US) added 1.5% and 2.9%. In the auto sector, XPeng (XPEV.US) and NIO (NIO.US) dived 5.3% and 5%, while Li Auto (LI.US) lost 4.2%. AASTOCKS Financial News Website: www.aastocks.com |
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