Shares of several Chinese companies are trading lower in sympathy with JD.com, which reported Q2 financial results. Also, weak industrial production and retail sales data for July and rate cuts from the PBOC is continuing to negatively impact the sector.
Portfolio Pulse from Benzinga Newsdesk
Shares of several Chinese companies, including BABA, BIDU, CJET, NIO, XPEV, are trading lower in sympathy with JD.com following its Q2 financial results. Weak industrial production and retail sales data for July and rate cuts from the PBOC are also negatively impacting the sector.
August 16, 2023 | 4:25 pm
News sentiment analysis
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NEGATIVE IMPACT
Alibaba's stock is trading lower due to negative sentiment following JD.com's Q2 results and weak economic data from China.
Alibaba's stock is being negatively impacted by the poor performance of JD.com and weak economic indicators from China, which are causing a negative sentiment in the market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
Baidu's stock is trading lower due to negative sentiment following JD.com's Q2 results and weak economic data from China.
Baidu's stock is being negatively impacted by the poor performance of JD.com and weak economic indicators from China, which are causing a negative sentiment in the market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
CJET's stock is trading lower due to negative sentiment following JD.com's Q2 results and weak economic data from China.
CJET's stock is being negatively impacted by the poor performance of JD.com and weak economic indicators from China, which are causing a negative sentiment in the market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
NIO's stock is trading lower due to negative sentiment following JD.com's Q2 results and weak economic data from China.
NIO's stock is being negatively impacted by the poor performance of JD.com and weak economic indicators from China, which are causing a negative sentiment in the market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
XPEV's stock is trading lower due to negative sentiment following JD.com's Q2 results and weak economic data from China.
XPEV's stock is being negatively impacted by the poor performance of JD.com and weak economic indicators from China, which are causing a negative sentiment in the market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75