Alibaba, Tencent, and GDS Holdings Fell as Trump Ratchets Up Tariff Talk
Portfolio Pulse from
Chinese stocks, including Alibaba, Tencent, and GDS Holdings, fell as President Trump announced additional tariffs on Chinese imports. The Hang Seng Index dropped 3.3%, marking a significant decline.
February 28, 2025 | 5:45 pm
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NEGATIVE IMPACT
Alibaba's stock price is likely to be negatively impacted in the short term due to the announcement of additional tariffs on Chinese imports by President Trump.
Alibaba, being a major Chinese company, is directly affected by US-China trade tensions. The announcement of new tariffs is likely to create negative sentiment around Chinese stocks, including Alibaba.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
GDS Holdings' stock is likely to be negatively impacted in the short term due to the announcement of additional tariffs on Chinese imports by President Trump.
GDS Holdings, being a Chinese company, is affected by the US-China trade tensions. The announcement of new tariffs is likely to create negative sentiment around its stock.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Tencent's stock is expected to decline in the short term following Trump's announcement of additional tariffs on Chinese imports.
Tencent, as a leading Chinese tech company, is susceptible to market reactions from US-China trade tensions. The tariff news is likely to negatively impact its stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70