Chinese ADRs Drop After Trump Rally Shooting, Downbeat Data

Tiger Newspress07-15

Chinese ADRs fell in morning trading Monday as risk appetite soured after the assassination attempt on former US President Donald Trump at a political rally, while weaker than expected Chinese economic data added to gloom. The retreat comes at a time when investors are reining in expectations from China’s third plenum which kicks off today.

Alibaba fell 1.7%, PDD Holdings fell 3.4%, JD.com fell 3.8%, Baidu fell 6.1%, NIO fell 6.7%, Li Auto fell 4.5%, XPeng fell 6.3%.

A slew of Chinese economic data released on Monday showed the world’s second largest economy was still struggling to boost domestic demand. The second quarter GDP figures, which showed growth of 4.7 per cent year-on-year in April-June, lagged market expectations of 5.1 per cent. It was a slowdown from 5.3 per cent in the previous three months and the weakest growth since the third quarter of 2023.

Retail sales in June grew 2 per cent year on year, which was also below market expectations of 3.4 per cent.

Meanwhile, investors braced for the implications of the attempted assassination of President Trump in the US over the weekend.

Traders will closely monitor China’s third plenum of the 20th Party Congress, the long anticipated meeting where the country’s leaders gather and are expected to release economic reforms.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

15

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1139734599?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-15 21:47","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1139734599","market":"us","top_or_hot":-1,"title":"Chinese ADRs Drop After Trump Rally Shooting, Downbeat Data","media":"Tiger Newspress","content":"<html><head></head><body><p>Chinese ADRs fell in morning trading Monday as risk appetite soured after the assassination attempt on former US President Donald Trump at a political rally, while weaker than expected Chinese economic data added to gloom. The retreat comes at a time when investors are reining in expectations from China’s third plenum which kicks off today.</p><p>Alibaba fell 1.7%, PDD Holdings fell 3.4%, JD.com fell 3.8%, Baidu fell 6.1%, NIO fell 6.7%, Li Auto fell 4.5%, XPeng fell 6.3%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/33fec8331a0e65d28090755e314c442f\" tg-width=\"364\" tg-height=\"732\"/></p><p>A slew of Chinese economic data released on Monday showed the world’s second largest economy was still struggling to boost domestic demand. The second quarter GDP figures, which showed growth of 4.7 per cent year-on-year in April-June, lagged market expectations of 5.1 per cent. It was a slowdown from 5.3 per cent in the previous three months and the weakest growth since the third quarter of 2023.</p><p>Retail sales in June grew 2 per cent year on year, which was also below market expectations of 3.4 per cent.</p><p>Meanwhile, investors braced for the implications of the attempted assassination of President Trump in the US over the weekend.</p><p>Traders will closely monitor China’s third plenum of the 20th Party Congress, the long anticipated meeting where the country’s leaders gather and are expected to release economic reforms.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese ADRs Drop After Trump Rally Shooting, Downbeat Data</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese ADRs Drop After Trump Rally Shooting, Downbeat Data\n</h2>\n\n<h4 class=\"meta\">\n\n2024-07-15 21:47 北京时间&nbsp;&nbsp;&nbsp;<strong>Tiger Newspress</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chinese ADRs fell in morning trading Monday as risk appetite soured after the assassination attempt on former US President Donald Trump at a political rally, while weaker than expected Chinese ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BILI","symbol_name":"哔哩哔哩","start_time":0,"source_url":"","article_id":"1139734599","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1139734599","pubTimestamp":1721051245,"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Chinese ADRs fell in premarket trading Monday as risk appetite soured after the assassination attempt on former US President Donald Trump at a political rally, while weaker than expected Chinese econo","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BILI":"哔哩哔哩","PDD":"拼多多","BABA":"阿里巴巴","LI":"理想汽车","NTES":"网易","BZ":"BOSS直聘","JD":"京东","NIO":"蔚来","BIDU":"百度","XPEV":"小鹏汽车"},"translate_title":"特朗普集会枪击事件和悲观数据后中国ADR下跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BABA":1.1,"BIDU":1.1,"BILI":1.1,"BZ":1.1,"JD":1.1,"LI":1.1,"NIO":1.1,"NTES":1.1,"PDD":1.1,"XPEV":1.1},"content_text":"Chinese ADRs fell in morning trading Monday as risk appetite soured after the assassination attempt on former US President Donald Trump at a political rally, while weaker than expected Chinese economic data added to gloom. The retreat comes at a time when investors are reining in expectations from China’s third plenum which kicks off today.Alibaba fell 1.7%, PDD Holdings fell 3.4%, JD.com fell 3.8%, Baidu fell 6.1%, NIO fell 6.7%, Li Auto fell 4.5%, XPeng fell 6.3%.A slew of Chinese economic data released on Monday showed the world’s second largest economy was still struggling to boost domestic demand. The second quarter GDP figures, which showed growth of 4.7 per cent year-on-year in April-June, lagged market expectations of 5.1 per cent. It was a slowdown from 5.3 per cent in the previous three months and the weakest growth since the third quarter of 2023.Retail sales in June grew 2 per cent year on year, which was also below market expectations of 3.4 per cent.Meanwhile, investors braced for the implications of the attempted assassination of President Trump in the US over the weekend.Traders will closely monitor China’s third plenum of the 20th Party Congress, the long anticipated meeting where the country’s leaders gather and are expected to release economic reforms.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":15,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.3","shortVersion":"4.26.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1139734599"}