Shares of US-listed Chinese stocks are trading lower in sympathy with Alibaba, which fell after reporting Q3 earnings.
Portfolio Pulse from Benzinga Newsdesk
US-listed Chinese stocks, including BIDU, BILI, IQ, and JD, are trading lower following Alibaba's disappointing Q3 earnings report. The negative sentiment surrounding Alibaba's performance has impacted the broader market of Chinese stocks listed in the US.
February 07, 2024 | 5:30 pm
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NEGATIVE IMPACT
BIDU shares are trading lower in response to Alibaba's Q3 earnings miss, affecting sentiment around Chinese stocks.
BIDU, being a major Chinese stock listed in the US, is directly impacted by the negative sentiment generated by Alibaba's earnings miss. Investors often view these stocks collectively, leading to a sympathetic decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
BILI's stock price is negatively affected by Alibaba's Q3 earnings report, contributing to a broader downturn among US-listed Chinese stocks.
BILI, similar to other US-listed Chinese stocks, is experiencing a decline due to the market's reaction to Alibaba's Q3 earnings. The interconnected perception of these stocks often leads to shared market movements.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
IQ's share price declines in sympathy with Alibaba's Q3 earnings miss, affecting the broader sentiment towards Chinese stocks in the US market.
The decline in IQ's stock price is a direct result of the negative sentiment generated by Alibaba's Q3 earnings miss. As a part of the group of US-listed Chinese stocks, IQ is affected by general market sentiment towards these companies.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
JD's stock is trading lower, influenced by the negative market reaction to Alibaba's Q3 earnings, impacting investor sentiment towards Chinese stocks.
JD's stock decline is influenced by the broader market's reaction to Alibaba's disappointing Q3 earnings. This event has led to a negative sentiment towards US-listed Chinese stocks, affecting JD's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80