Shares of Chinese stocks are trading lower amid a possible pullback. Chinese stocks recently gained on stimulus hopes.
Portfolio Pulse from Benzinga Newsdesk
Chinese stocks are experiencing a downturn following recent gains driven by stimulus hopes. The stocks mentioned include BGNE, BILI, BZ, JD, NIO, QFIN, YUMC.
August 04, 2023 | 10:04 am
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NEGATIVE IMPACT
Beigene Ltd (BGNE) stock is trading lower amid a possible pullback in Chinese stocks.
The news of a possible pullback in Chinese stocks is directly impacting BGNE as it is a Chinese stock. This could lead to a decrease in its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Bilibili Inc (BILI) stock is trading lower amid a possible pullback in Chinese stocks.
The news of a possible pullback in Chinese stocks is directly impacting BILI as it is a Chinese stock. This could lead to a decrease in its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Boqii Holding Ltd (BZ) stock is trading lower amid a possible pullback in Chinese stocks.
The news of a possible pullback in Chinese stocks is directly impacting BZ as it is a Chinese stock. This could lead to a decrease in its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
JD.com Inc (JD) stock is trading lower amid a possible pullback in Chinese stocks.
The news of a possible pullback in Chinese stocks is directly impacting JD as it is a Chinese stock. This could lead to a decrease in its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
NIO Inc (NIO) stock is trading lower amid a possible pullback in Chinese stocks.
The news of a possible pullback in Chinese stocks is directly impacting NIO as it is a Chinese stock. This could lead to a decrease in its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
360 DigiTech Inc (QFIN) stock is trading lower amid a possible pullback in Chinese stocks.
The news of a possible pullback in Chinese stocks is directly impacting QFIN as it is a Chinese stock. This could lead to a decrease in its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Yum China Holdings Inc (YUMC) stock is trading lower amid a possible pullback in Chinese stocks.
The news of a possible pullback in Chinese stocks is directly impacting YUMC as it is a Chinese stock. This could lead to a decrease in its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100