Shares of Chinese stocks are trading lower amid concerns over further US rate hikes.
Portfolio Pulse from Benzinga Newsdesk
Chinese stocks, including BEKE, IQ, JD, PDD, TCOM, are experiencing a downturn due to worries about additional US rate hikes.
July 06, 2023 | 4:15 pm
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NEGATIVE IMPACT
BEKE's stock is trading lower due to concerns over further US rate hikes.
As BEKE is a Chinese stock, it is directly impacted by the market sentiment towards Chinese stocks. The concerns over further US rate hikes have led to a negative sentiment, causing a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
IQ's stock is trading lower due to concerns over further US rate hikes.
As IQ is a Chinese stock, it is directly impacted by the market sentiment towards Chinese stocks. The concerns over further US rate hikes have led to a negative sentiment, causing a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
JD's stock is trading lower due to concerns over further US rate hikes.
As JD is a Chinese stock, it is directly impacted by the market sentiment towards Chinese stocks. The concerns over further US rate hikes have led to a negative sentiment, causing a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
PDD's stock is trading lower due to concerns over further US rate hikes.
As PDD is a Chinese stock, it is directly impacted by the market sentiment towards Chinese stocks. The concerns over further US rate hikes have led to a negative sentiment, causing a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
TCOM's stock is trading lower due to concerns over further US rate hikes.
As TCOM is a Chinese stock, it is directly impacted by the market sentiment towards Chinese stocks. The concerns over further US rate hikes have led to a negative sentiment, causing a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100