Shares of Chinese stocks are trading lower after China reported softer-than-expected Q2 GDP growth. Chinese stocks are also under pressure following an assassination attempt on Trump, which could impact the 2024 election.
Portfolio Pulse from Benzinga Newsdesk
Shares of Chinese stocks are trading lower after China reported softer-than-expected Q2 GDP growth.

July 15, 2024 | 10:17 am
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NEGATIVE IMPACT
Alibaba shares are trading lower due to China's softer-than-expected Q2 GDP growth.
Alibaba, being a major Chinese company, is directly impacted by the overall economic performance of China. Softer GDP growth suggests weaker consumer spending and business activity, which can negatively affect Alibaba's revenues.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
KE Holdings shares are trading lower due to China's softer-than-expected Q2 GDP growth.
KE Holdings, operating in the real estate sector, is sensitive to economic conditions. Weaker GDP growth can lead to reduced real estate transactions and lower revenues.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Baidu shares are trading lower due to China's softer-than-expected Q2 GDP growth.
Baidu, a leading tech company in China, is affected by the overall economic environment. Slower GDP growth can lead to reduced advertising spending and lower revenues for Baidu.
CONFIDENCE 88
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
Bilibili shares are trading lower due to China's softer-than-expected Q2 GDP growth.
Bilibili, a video-sharing platform, is impacted by the economic slowdown as it can lead to reduced consumer spending on entertainment and lower advertising revenues.
CONFIDENCE 80
IMPORTANCE 55
RELEVANCE 65
NEGATIVE IMPACT
New Oriental Education shares are trading lower due to China's softer-than-expected Q2 GDP growth.
New Oriental Education, operating in the education sector, is affected by the economic environment. Weaker GDP growth can lead to reduced spending on education services.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
JD.com shares are trading lower due to China's softer-than-expected Q2 GDP growth.
JD.com, a major e-commerce company, is directly impacted by the economic performance of China. Softer GDP growth suggests weaker consumer spending, which can negatively affect JD.com's revenues.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Li Auto shares are trading lower due to China's softer-than-expected Q2 GDP growth.
Li Auto, an electric vehicle manufacturer, is affected by the economic slowdown as it can lead to reduced consumer spending on big-ticket items like cars.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
NIO shares are trading lower due to China's softer-than-expected Q2 GDP growth.
NIO, another electric vehicle manufacturer, is impacted by the economic environment. Weaker GDP growth can lead to reduced consumer spending on vehicles.
CONFIDENCE 88
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
Pinduoduo shares are trading lower due to China's softer-than-expected Q2 GDP growth.
Pinduoduo, an e-commerce platform, is affected by the economic slowdown as it can lead to reduced consumer spending and lower revenues.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Trip.com shares are trading lower due to China's softer-than-expected Q2 GDP growth.
Trip.com, operating in the travel sector, is impacted by the economic environment. Weaker GDP growth can lead to reduced travel spending and lower revenues.
CONFIDENCE 80
IMPORTANCE 55
RELEVANCE 65
NEGATIVE IMPACT
XPeng shares are trading lower due to China's softer-than-expected Q2 GDP growth.
XPeng, an electric vehicle manufacturer, is affected by the economic slowdown as it can lead to reduced consumer spending on vehicles.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Yum China shares are trading lower due to China's softer-than-expected Q2 GDP growth.
Yum China, operating in the fast-food sector, is impacted by the economic environment. Weaker GDP growth can lead to reduced consumer spending on dining out.
CONFIDENCE 80
IMPORTANCE 55
RELEVANCE 65