Shares of Chinese stocks are trading lower after property developer, China Evergrande Group, filed for Chapter 15 bankruptcy protection in New York.
Portfolio Pulse from Benzinga Newsdesk
Chinese stocks are trading lower following the filing for Chapter 15 bankruptcy protection in New York by property developer, China Evergrande Group.
August 18, 2023 | 11:25 am
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NEGATIVE IMPACT
Alibaba's stock may be negatively impacted by the bankruptcy filing of China Evergrande Group.
The bankruptcy filing of China Evergrande Group has led to a general decline in Chinese stocks, which includes Alibaba. This could lead to a short-term negative impact on Alibaba's stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
KE Holdings' stock may be negatively impacted by the bankruptcy filing of China Evergrande Group.
The bankruptcy filing of China Evergrande Group has led to a general decline in Chinese stocks, which includes KE Holdings. This could lead to a short-term negative impact on KE Holdings' stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Baidu's stock may be negatively impacted by the bankruptcy filing of China Evergrande Group.
The bankruptcy filing of China Evergrande Group has led to a general decline in Chinese stocks, which includes Baidu. This could lead to a short-term negative impact on Baidu's stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
JD.com's stock may be negatively impacted by the bankruptcy filing of China Evergrande Group.
The bankruptcy filing of China Evergrande Group has led to a general decline in Chinese stocks, which includes JD.com. This could lead to a short-term negative impact on JD.com's stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
NetEase's stock may be negatively impacted by the bankruptcy filing of China Evergrande Group.
The bankruptcy filing of China Evergrande Group has led to a general decline in Chinese stocks, which includes NetEase. This could lead to a short-term negative impact on NetEase's stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Pinduoduo's stock may be negatively impacted by the bankruptcy filing of China Evergrande Group.
The bankruptcy filing of China Evergrande Group has led to a general decline in Chinese stocks, which includes Pinduoduo. This could lead to a short-term negative impact on Pinduoduo's stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Tencent Music's stock may be negatively impacted by the bankruptcy filing of China Evergrande Group.
The bankruptcy filing of China Evergrande Group has led to a general decline in Chinese stocks, which includes Tencent Music. This could lead to a short-term negative impact on Tencent Music's stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50