Shares of US-listed Chinese stocks are trading lower in sympathy with Alibaba, which dropped after mixed Q1 earnings. Additionally, Biden is expected to increased tariffs targeting multiple Chinese sectors.
Portfolio Pulse from Benzinga Newsdesk
US-listed Chinese stocks, including Alibaba, BEKE, FUTU, JD, LI, PDD, and TME, are trading lower following Alibaba's mixed Q1 earnings and expectations of increased tariffs by Biden targeting Chinese sectors.
May 14, 2024 | 1:12 pm
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NEGATIVE IMPACT
Alibaba's mixed Q1 earnings report has led to a decrease in its stock price, influencing other US-listed Chinese stocks.
Alibaba's performance often serves as a bellwether for US-listed Chinese stocks, making its earnings report highly influential.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
BEKE's stock is trading lower in sympathy with Alibaba and due to concerns over increased US tariffs on Chinese sectors.
As a US-listed Chinese stock, BEKE is affected by Alibaba's earnings and the broader geopolitical tensions.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
FUTU's stock price is negatively impacted by Alibaba's earnings and potential US tariff increases on Chinese goods.
FUTU, being in the crosshairs of US-China trade tensions and influenced by Alibaba's performance, sees a decline.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
JD.com's stock is trading lower, influenced by Alibaba's mixed earnings and the anticipation of increased US tariffs on China.
JD.com, as a major player among US-listed Chinese stocks, is impacted by sector-wide issues such as Alibaba's earnings and tariff threats.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
LI Auto's stock declines in response to Alibaba's earnings and the potential for increased tariffs from the US on Chinese sectors.
LI Auto is affected by the broader market sentiment towards US-listed Chinese stocks, driven by Alibaba's results and tariff concerns.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
PDD's stock price is adversely affected by Alibaba's mixed earnings and the anticipated increase in US tariffs on Chinese sectors.
PDD, similar to other US-listed Chinese stocks, is impacted by Alibaba's financial performance and the geopolitical landscape.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Tencent Music Entertainment's stock trades lower, influenced by Alibaba's earnings and fears of increased US tariffs on Chinese sectors.
TME's stock performance is affected by the earnings of Alibaba and the broader US-China trade tensions.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80