Shares of US-listed Chinese companies are trading lower. The IMF lowered its China 2024 economic growth forecast, citing weakening consumer confidence and ongoing domestic property issues.
Portfolio Pulse from Benzinga Newsdesk
US-listed Chinese companies' shares are declining following the IMF's reduction of China's 2024 economic growth forecast due to weakening consumer confidence and domestic property issues.
October 23, 2024 | 5:02 pm
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NEGATIVE IMPACT
DUO's stock is likely to be negatively impacted by the IMF's lowered growth forecast for China, as it suggests potential challenges in the Chinese market.
DUO, being a US-listed Chinese company, is directly affected by China's economic outlook. The IMF's forecast reduction signals potential market difficulties.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
FUTU's stock could see a decline due to the IMF's reduced growth forecast for China, indicating possible economic headwinds.
As a US-listed Chinese company, FUTU is susceptible to changes in China's economic conditions. The IMF's forecast cut suggests potential challenges.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
GDS shares are likely to be pressured by the IMF's downgrade of China's growth forecast, reflecting potential economic challenges.
GDS, as a US-listed Chinese company, is impacted by China's economic outlook. The IMF's forecast reduction indicates possible market difficulties.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
GOTU's stock might decline following the IMF's lowered growth forecast for China, suggesting economic challenges ahead.
GOTU, being a US-listed Chinese company, is directly affected by China's economic outlook. The IMF's forecast reduction signals potential market difficulties.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
KC shares may face downward pressure due to the IMF's cut in China's growth forecast, indicating potential economic headwinds.
As a US-listed Chinese company, KC is susceptible to changes in China's economic conditions. The IMF's forecast cut suggests potential challenges.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
PDD's stock is likely to be negatively impacted by the IMF's lowered growth forecast for China, as it suggests potential challenges in the Chinese market.
PDD, being a US-listed Chinese company, is directly affected by China's economic outlook. The IMF's forecast reduction signals potential market difficulties.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50