Majority of Popular US-Listed Chinese Stocks Decline on June 26th; TSMC and Alibaba Among Losers

Deep News04:32

On June 26th, the majority of popular US-listed Chinese stocks closed lower, with the Nasdaq Golden Dragon China Index finishing down 2.74%.

Stocks that advanced, listed from highest to lowest market capitalization, included: ASE Technology (ASX) up 1.23%, Chunghwa Telecom up 0.63%, Silicon Motion Technology up 1.12%, Kingsoft WPS up 0.36%, JOYY up 0.79%, Vistance Network up 0.56%, China Yuchai International up 2.56%, NetEase Youdao up 2.80%, Canadian Solar up 5.61%, Yuanbao up 1.64%, Sky up 0.23%, ZKH Group up 9.83%, Uxin up 2.53%, and Xunlei up 3.50%.

Stocks that declined, listed from highest to lowest market capitalization, included: Taiwan Semiconductor Manufacturing (TSM) down 1.32%, Alibaba (BABA) down 4.74%, PDD Holdings Inc (PDD) down 3.22%, NetEase (NTES) down 2.40%, United Microelectronics down 1.00%, Baidu (BIDU) down 3.55%, JD.com (JD) down 1.14%, Trip.com Group Limited (TCOM) down 12.55%, and ZTO Express down 0.73%.

In early trading hours Beijing time on the 26th, the three major US stock indices closed mixed. A decline in Apple's stock price offset positive sentiment from Micron Technology's strong earnings report.

The Nasdaq Composite fell 0.46% to close at 25,358.60 points, marking its first four-day losing streak since February of this year. The S&P 500 index edged down 0.01%, closing at 7,357.49 points. The Dow Jones Industrial Average gained 71.72 points, or 0.14%, to finish at 51,920.62 points.

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.

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