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DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Chinese tech stocks experienced a significant decline following a press conference by China's National Development and Reform Commission (NDRC) on a new stimulus package. The stocks, which had been holding up in anticipation of the announcement, saw sharp drops in the pre-market as investors engaged in a 'sell the news' reaction. Notable declines included Alibaba down 8.9%, Bilibili down 17.2%, Tencent Music Entertainment down 11.9%, PDD Holdings down 12.2%, NetEase down 9.7%, Baidu down 10.1%, Li Auto down 11.7%, and JD down 7%. The Hang Seng index also fell by 5%, reflecting the broader market impact.
GOOD MORNING CHINESE TECH STOCKS ARE DOWN 5-7% IN THE PRE MARKET TODAY FOLLOWING THE NDRC PRESS CONFERENCE LAST NIGHT $BABA $JD $PDD
U.S.-LISTED SHARES OF CHINESE FIRMS FALL PREMARKET AS CHINA STIMULUS-DRIVEN RALLY LOSES MOMENTUM 🔸 ALIBABA DOWN 8.9% 🔸 BILIBILI DOWN 17.2% 🔸 TENCENT MUSIC ENTERTAINMENT DOWN 11.9% 🔸 PDD HOLDINGS DOWN 12.2% 🔸 NETEASE DOWN 9.7% 🔸 BAIDU DOWN 10.1% 🔸 LI AUTO DOWN 11.7% 🔸 JD.…
🚨 $BABA Down 11 $ $PDD Down 12$ $BIDU Down 9$ $FUTU Down 12 $ #china Lotto Put Holders can party tonight Sell the News is successful so far but long night, Tmro US market open will be fun!! 💣 We will be ready at @tenettradegroup #china #stocks $KWEB https://t.co/oWhaCe4kBN
