Why Alibaba, Li Auto, Baidu And Other Chinese Stocks Are Falling In Pre-Market
Portfolio Pulse from Pooja Rajkumari
Chinese stocks like Alibaba, Li Auto, and Baidu are experiencing a pre-market decline due to a drop in the Shanghai Composite Index, influenced by a fall in Chinese bank stocks. This has led to a selloff in Chinese firms listed in the U.S.
September 03, 2024 | 11:11 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Alibaba's stock is down 1.75% in pre-market trading, influenced by a broader decline in Chinese stocks following a drop in the Shanghai Composite Index.
Alibaba's decline is part of a broader selloff in Chinese stocks due to a fall in the Shanghai Composite Index, which affects investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Baidu's stock is down 1.44% in pre-market trading, affected by the general decline in Chinese stocks due to the Shanghai Composite Index drop.
Baidu's decline is part of the broader selloff in Chinese stocks, driven by the Shanghai Composite Index's downturn.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
JD.com's stock is down 1.37% in pre-market trading, influenced by the broader decline in Chinese stocks following a drop in the Shanghai Composite Index.
JD.com's decline is part of the broader selloff in Chinese stocks due to the Shanghai Composite Index's fall.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Li Auto's stock is down 3.44% in pre-market trading, one of the largest declines among Chinese stocks, due to the Shanghai Composite Index drop.
Li Auto's significant decline is linked to the overall negative sentiment in Chinese stocks following the Shanghai Composite Index's fall.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
PDD Holdings' stock is down 1.60% in pre-market trading, affected by the general decline in Chinese stocks due to the Shanghai Composite Index drop.
PDD Holdings' decline is part of the broader selloff in Chinese stocks, driven by the Shanghai Composite Index's downturn.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
NIO's stock remains largely unaffected in pre-market trading despite the broader decline in Chinese stocks.
NIO's stock is not significantly impacted by the Shanghai Composite Index's fall, unlike other Chinese stocks.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
XPeng's stock remains largely unaffected in pre-market trading despite the broader decline in Chinese stocks.
XPeng's stock is not significantly impacted by the Shanghai Composite Index's fall, unlike other Chinese stocks.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50