US Listed Chinese Stocks Give Up Gains - Li Auto, Tesla And Nio Are Among Top 11 Large Cap Losers Last Week (Oct 7-Oct 11): Are The Others In Your Portfolio?
Portfolio Pulse from Lekha Gupta
US-listed Chinese stocks, including Li Auto, Tesla, and Nio, saw significant declines last week due to unmet investor stimulus expectations. Notable large-cap losers included NetEase, Futu Holdings, and KE Holdings.
October 13, 2024 | 2:51 pm
News sentiment analysis
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NEGATIVE IMPACT
The AES Corporation's shares dipped 8.41% last week.
The decline in AES's stock is part of a broader market trend.
CONFIDENCE 75
IMPORTANCE 55
RELEVANCE 55
NEGATIVE IMPACT
Align Technology's stock lost 8.00% last week after several analysts lowered their price forecasts.
The stock decline is linked to negative analyst sentiment and reduced price forecasts.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
KE Holdings' shares fell 13.14% last week amid broader market weakness due to China's stimulus measures.
The decline in KE Holdings' stock is part of a broader market reaction to China's economic policies.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
First Solar's stock fell 8.50% after Jefferies cut its price forecast from $271 to $266.
The stock decline is directly linked to the reduced price forecast by Jefferies.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 60
NEGATIVE IMPACT
Futu Holdings' stock decreased by 13.25% as investors were disappointed by China's stimulus measures.
Futu Holdings' stock decline is linked to the broader market sentiment regarding China's economic policies.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Li Auto's shares declined 7.63%, reversing gains from the previous two weeks due to unmet stimulus expectations.
Li Auto's stock decline is part of a broader market reaction to China's economic policies.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
NIO's shares were down 7.83%, reversing gains from the previous two weeks due to unmet stimulus expectations.
NIO's stock decline is part of a broader market reaction to China's economic policies.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
NetEase's stock fell 13.66% last week, reversing gains from the previous two weeks due to unmet investor stimulus expectations.
NetEase's significant stock drop is attributed to the broader market reaction to China's stimulus measures, which failed to meet investor expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Toronto Dominion Bank's stock lost 10.52% due to a report of potential penalties and growth limits from an anti-money-laundering settlement.
The stock decline is linked to concerns over financial penalties and operational restrictions from a settlement.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 70
NEGATIVE IMPACT
Tesla's stock fell 12.91% last week, influenced by the Cybercab unveiling and a potential 2026-2027 timeline.
Tesla's stock decline is partly due to investor reactions to the Cybercab unveiling and its projected timeline.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
Vistra Corp.'s stock fell 9.48% last week as investors reacted negatively to China's stimulus measures.
Vistra's stock decline is part of a broader market reaction to China's economic policies.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 65