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2025-03-21
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Why Chinese Tech Stocks Alibaba, JD.com, and NIO Plunged on Thursday
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market has generally ...</p>\n\n<a href=\"https://www.fool.com/investing/2025/03/20/chinese-tech-stocks-alibaba-tencent-futu-plunged/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车","BK4558":"双十一","BK4505":"高瓴资本持仓","IE00BFMHRM44.USD":"NEUBERGER BERMAN GLOBAL EQUITY MEGATRENDS \"A\" (USD) ACC","LU0821914370.USD":"贝莱德亚洲成长领袖A2","LU0348816934.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (USD)","LU1282648689.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AMG\" (USD) INC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU1152091168.USD":"UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY (USD) \"PM\" INC","BK4504":"桥水持仓","LU1046422090.SGD":"Fidelity Pacific A-SGD","LU1235294995.USD":"FIDELITY GLOBAL TECHNOLOGY \"A\" (USDHDG) ACC","LU0651947912.USD":"BGF EMERGING MARKETS EQUITY INCOME \"A5G\" (USD) INC","LU0251143458.SGD":"Fidelity Emerging Markets A-SGD","BK4575":"芯片概念","BABA":"阿里巴巴","GOTU":"高途","LU1046421795.USD":"富达环球科技A-ACC","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","XPEV":"小鹏汽车","WB":"微博","EDU":"新东方","NIO":"蔚来","BK4502":"阿里概念","BK4548":"巴美列捷福持仓","LU0501845795.SGD":"瑞银大中华区股票基金P Acc SGD","LU0047713382.USD":"BGF EMERGING MARKETS \"A2\" ACC","LU0067412154.USD":"UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY \"P\" (USD) ACC","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU1051769294.HKD":"BGF EMERGING MARKETS EQUITY INCOME \"A6\"(HKDHDG) INC","LU1152091754.HKD":"UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY (USD) \"PM\" (HKD) INC","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","TCOM":"携程网","LU0651946864.USD":"贝莱德新兴市场股票收益A2","IQ":"爱奇艺","LU2226246903.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT4\" (HKD) ACC","JD":"京东","LU1048588211.SGD":"Blackrock Asian Dragon A2 SGD-H","RLX":"雾芯科技","BK4220":"综合零售","PDD":"拼多多","BIDU":"百度","BK4524":"宅经济概念","LU0072462343.USD":"贝莱德亚洲巨龙基金","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","LU1688375341.USD":"贝莱德中国灵活股票基金","BK4581":"高盛持仓","LU0072913022.USD":"UBS (LUX) EQUITY FUND - GREATER CHINA \"P\" (USD) ACC","BK4554":"元宇宙及AR概念","BK4527":"明星科技股","LU0797268264.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (HKD) ACC","BILI":"哔哩哔哩","BK4531":"中概回港概念","TME":"腾讯音乐","BEKE":"贝壳","LU0880133367.SGD":"UBS (LUX) EQUITY FUND CHINA OPPORTUNITY USD \"P\" (SGD) ACC","VIPS":"唯品会","BK4526":"热门中概股","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","BK4122":"互联网与直销零售","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","NTES":"网易","LU0918141705.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AM\" (HKD) INC","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H"},"source_url":"https://www.fool.com/investing/2025/03/20/chinese-tech-stocks-alibaba-tencent-futu-plunged/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2521077495","content_text":"China's central bank held rates steady today, which may have been a disappointment.A Wall Street analyst cautioned that Chinese stocks may be due for a correction.China's stock market has generally outperformed year to date, so some profit-taking is likely expected.Shares of major Chinese tech and consumer stocks such as tech conglomerates Alibaba and Tencent ADR, as well as JD.com, Baidu, NIO and more sank Thursday. Direxion Daily FTSE China Bull 3X Shares (YINN) fell 9%; NIO fell 9%; XPeng fell 7%; Bilibili and Tencent ADR fell 5%; iQiyi, Alibaba, JD.com, Baidu, and Trip.com fell 4%; Li Auto fell 3%; NetEase fell 2%. While PDD Holdings rose about 4% after earnings.The across-the-board move indicates that the declines had to do with Chinese stocks broadly and not individual stock news. Most likely, the downdraft was caused by disappointment over today's action -- or rather inaction -- by China's central bank. In addition, a Wall Street analyst issued a cautious note on Chinese stocks last night after a huge year-to-date rally, which may have encouraged some profit-taking.China's central bank holds rates, and investors take profitsThe big rally in Chinese stocks since last summer, and especially since the beginning of 2025, has largely been due to new stimulus measures. Some are already announced, and some are anticipated in the future.China has been mired in a recessionary state ever since the government's heavy-handed crackdown on tech companies and entrepreneurs, the restrictive \"zero-Covid\" policies, and the popping of the country's property bubble. With the prospect of higher U.S. tariffs on Chinese goods ramping up, people have been reluctant to spend.Thus, the government and the People's Bank of China (PCOB) have embraced more stimulus measures since last summer. As part of that, the PCOB has been lowering interest rates, with its latest 25-basis-point cut coming last October.However, China is also trying to balance stimulus measures with not letting its currency devalue too much. Lower interest rates generally cause a debasement of a country's currency, if a country cuts rates while peers do not. So today, the PBOC opted to leave the one-year loan prime rate at 3.1% and the five-year rate at 3.6%, instead of doing another cut.That may have disappointed some Chinese investors, who might have decided to take profits on the news. After all, Chinese stocks have run up hard this year into today. A combination of expected stimulus, the DeepSeek AI model breakthrough in January, and lower valuations than U.S. counterparts has caused a big surge in Chinese stocks to date. Even with today's sell-off, Alibaba, Tencent, and Futu Holdings are up 69%, 31%, and 43%, respectively, on the year.Yesterday, analysts at Bank of America cautioned that a correction could be coming for Chinese stocks. The analysts noted that the recent rally bears similarities to the early 2015 rally in Chinese stocks, as the country attempted to stimulate its way to more consumer-oriented spending and away from manufacturing and industrial exports. Similarly, like the DeepSeek and AI enthusiasm of today, investors were also excited about Chinese technology breakthroughs in 2015, with Alibaba's landmark initial public offering coming at the end of 2014.The combination sent Chinese stocks soaring in mid-2015, but that rally eventually collapsed back down and even below prior levels, as the global economy slowed. The analysts elaborated: \"Performance of the HSCEI/MSCI China in the past 17mths trended closely to the trajectory a decade ago, making us worry that we might be approaching some correction soon.\"A tough call for China investors and central bankersOn the positive side, China's central bank might have felt comfortable holding rates today because China's economy seems to be picking up a bit. Recent retail sales and industrial output readings in the country showed an improvement in growth, and yesterday, Tencent reported earnings that showed accelerating revenue and earnings growth relative to the prior year.That being said, the resumption of growth could stall if China's central bank remains too restrictive, or if the government's proposed stimulus measures fall short of what is necessary. Given all the uncertainty around the final policy, as well as the ever-changing tariff policy in the U.S., it's no wonder investors are booking profits today after a strong run.","news_type":1,"symbols_score_info":{"BILI":1.1,"EDU":1.1,"IQ":1.1,"TCOM":1.1,"VIPS":1.1,"NIO":1.1,"RLX":1.1,"BABA":1,"LI":1.1,"GOTU":1.1,"PDD":1.1,"NTES":1.1,"TME":1.1,"JD":1.1,"BEKE":1.1,"XPEV":1.1,"BIDU":1.1,"YY":1.1,"WB":1.1}},"isVote":1,"tweetType":1,"viewCount":216,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":415714865451536,"gmtCreate":1742521612234,"gmtModify":1742522484763,"author":{"id":"4110938645771052","authorId":"4110938645771052","name":"maanwolk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4110938645771052","authorIdStr":"4110938645771052"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/415714865451536","repostId":"2521077495","repostType":2,"repost":{"id":"2521077495","kind":"highlight","pubTimestamp":1742510567,"share":"https://ttm.financial/m/news/2521077495?lang=en_US&edition=fundamental","pubTime":"2025-03-21 06:42","market":"us","language":"en","title":"Why Chinese Tech Stocks Alibaba, JD.com, and NIO Plunged on Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=2521077495","media":"Motley Fool","summary":"China's central bank held rates steady today, which may have been a disappointment.A Wall Street analyst cautioned that Chinese stocks may be due for a correction.China's stock market has generally ou","content":"<div>\n<p>China's central bank held rates steady today, which may have been a disappointment.A Wall Street analyst cautioned that Chinese stocks may be due for a correction.China's stock market has generally ...</p>\n\n<a href=\"https://www.fool.com/investing/2025/03/20/chinese-tech-stocks-alibaba-tencent-futu-plunged/\">Source Link</a>\n\n</div>\n","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nWhy Chinese Tech Stocks Alibaba, JD.com, and NIO Plunged on Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-03-21 06:42 GMT+8 <a href=https://www.fool.com/investing/2025/03/20/chinese-tech-stocks-alibaba-tencent-futu-plunged/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China's central bank held rates steady today, which may have been a disappointment.A Wall Street analyst cautioned that Chinese stocks may be due for a correction.China's stock market has generally ...</p>\n\n<a href=\"https://www.fool.com/investing/2025/03/20/chinese-tech-stocks-alibaba-tencent-futu-plunged/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车","BK4558":"双十一","BK4505":"高瓴资本持仓","IE00BFMHRM44.USD":"NEUBERGER BERMAN GLOBAL EQUITY MEGATRENDS \"A\" (USD) ACC","LU0821914370.USD":"贝莱德亚洲成长领袖A2","LU0348816934.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (USD)","LU1282648689.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AMG\" (USD) INC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU1152091168.USD":"UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY (USD) \"PM\" INC","BK4504":"桥水持仓","LU1046422090.SGD":"Fidelity Pacific A-SGD","LU1235294995.USD":"FIDELITY GLOBAL TECHNOLOGY \"A\" (USDHDG) ACC","LU0651947912.USD":"BGF EMERGING MARKETS EQUITY INCOME \"A5G\" (USD) INC","LU0251143458.SGD":"Fidelity Emerging Markets A-SGD","BK4575":"芯片概念","BABA":"阿里巴巴","GOTU":"高途","LU1046421795.USD":"富达环球科技A-ACC","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","XPEV":"小鹏汽车","WB":"微博","EDU":"新东方","NIO":"蔚来","BK4502":"阿里概念","BK4548":"巴美列捷福持仓","LU0501845795.SGD":"瑞银大中华区股票基金P Acc SGD","LU0047713382.USD":"BGF EMERGING MARKETS \"A2\" ACC","LU0067412154.USD":"UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY \"P\" (USD) ACC","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU1051769294.HKD":"BGF EMERGING MARKETS EQUITY INCOME \"A6\"(HKDHDG) INC","LU1152091754.HKD":"UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY (USD) \"PM\" (HKD) INC","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","TCOM":"携程网","LU0651946864.USD":"贝莱德新兴市场股票收益A2","IQ":"爱奇艺","LU2226246903.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT4\" (HKD) ACC","JD":"京东","LU1048588211.SGD":"Blackrock Asian Dragon A2 SGD-H","RLX":"雾芯科技","BK4220":"综合零售","PDD":"拼多多","BIDU":"百度","BK4524":"宅经济概念","LU0072462343.USD":"贝莱德亚洲巨龙基金","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","LU1688375341.USD":"贝莱德中国灵活股票基金","BK4581":"高盛持仓","LU0072913022.USD":"UBS (LUX) EQUITY FUND - GREATER CHINA \"P\" (USD) ACC","BK4554":"元宇宙及AR概念","BK4527":"明星科技股","LU0797268264.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (HKD) ACC","BILI":"哔哩哔哩","BK4531":"中概回港概念","TME":"腾讯音乐","BEKE":"贝壳","LU0880133367.SGD":"UBS (LUX) EQUITY FUND CHINA OPPORTUNITY USD \"P\" (SGD) ACC","VIPS":"唯品会","BK4526":"热门中概股","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","BK4122":"互联网与直销零售","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","NTES":"网易","LU0918141705.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AM\" (HKD) INC","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H"},"source_url":"https://www.fool.com/investing/2025/03/20/chinese-tech-stocks-alibaba-tencent-futu-plunged/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2521077495","content_text":"China's central bank held rates steady today, which may have been a disappointment.A Wall Street analyst cautioned that Chinese stocks may be due for a correction.China's stock market has generally outperformed year to date, so some profit-taking is likely expected.Shares of major Chinese tech and consumer stocks such as tech conglomerates Alibaba and Tencent ADR, as well as JD.com, Baidu, NIO and more sank Thursday. Direxion Daily FTSE China Bull 3X Shares (YINN) fell 9%; NIO fell 9%; XPeng fell 7%; Bilibili and Tencent ADR fell 5%; iQiyi, Alibaba, JD.com, Baidu, and Trip.com fell 4%; Li Auto fell 3%; NetEase fell 2%. While PDD Holdings rose about 4% after earnings.The across-the-board move indicates that the declines had to do with Chinese stocks broadly and not individual stock news. Most likely, the downdraft was caused by disappointment over today's action -- or rather inaction -- by China's central bank. In addition, a Wall Street analyst issued a cautious note on Chinese stocks last night after a huge year-to-date rally, which may have encouraged some profit-taking.China's central bank holds rates, and investors take profitsThe big rally in Chinese stocks since last summer, and especially since the beginning of 2025, has largely been due to new stimulus measures. Some are already announced, and some are anticipated in the future.China has been mired in a recessionary state ever since the government's heavy-handed crackdown on tech companies and entrepreneurs, the restrictive \"zero-Covid\" policies, and the popping of the country's property bubble. With the prospect of higher U.S. tariffs on Chinese goods ramping up, people have been reluctant to spend.Thus, the government and the People's Bank of China (PCOB) have embraced more stimulus measures since last summer. As part of that, the PCOB has been lowering interest rates, with its latest 25-basis-point cut coming last October.However, China is also trying to balance stimulus measures with not letting its currency devalue too much. Lower interest rates generally cause a debasement of a country's currency, if a country cuts rates while peers do not. So today, the PBOC opted to leave the one-year loan prime rate at 3.1% and the five-year rate at 3.6%, instead of doing another cut.That may have disappointed some Chinese investors, who might have decided to take profits on the news. After all, Chinese stocks have run up hard this year into today. A combination of expected stimulus, the DeepSeek AI model breakthrough in January, and lower valuations than U.S. counterparts has caused a big surge in Chinese stocks to date. Even with today's sell-off, Alibaba, Tencent, and Futu Holdings are up 69%, 31%, and 43%, respectively, on the year.Yesterday, analysts at Bank of America cautioned that a correction could be coming for Chinese stocks. The analysts noted that the recent rally bears similarities to the early 2015 rally in Chinese stocks, as the country attempted to stimulate its way to more consumer-oriented spending and away from manufacturing and industrial exports. Similarly, like the DeepSeek and AI enthusiasm of today, investors were also excited about Chinese technology breakthroughs in 2015, with Alibaba's landmark initial public offering coming at the end of 2014.The combination sent Chinese stocks soaring in mid-2015, but that rally eventually collapsed back down and even below prior levels, as the global economy slowed. The analysts elaborated: \"Performance of the HSCEI/MSCI China in the past 17mths trended closely to the trajectory a decade ago, making us worry that we might be approaching some correction soon.\"A tough call for China investors and central bankersOn the positive side, China's central bank might have felt comfortable holding rates today because China's economy seems to be picking up a bit. Recent retail sales and industrial output readings in the country showed an improvement in growth, and yesterday, Tencent reported earnings that showed accelerating revenue and earnings growth relative to the prior year.That being said, the resumption of growth could stall if China's central bank remains too restrictive, or if the government's proposed stimulus measures fall short of what is necessary. Given all the uncertainty around the final policy, as well as the ever-changing tariff policy in the U.S., it's no wonder investors are booking profits today after a strong run.","news_type":1,"symbols_score_info":{"BILI":1.1,"EDU":1.1,"IQ":1.1,"TCOM":1.1,"VIPS":1.1,"NIO":1.1,"RLX":1.1,"BABA":1,"LI":1.1,"GOTU":1.1,"PDD":1.1,"NTES":1.1,"TME":1.1,"JD":1.1,"BEKE":1.1,"XPEV":1.1,"BIDU":1.1,"YY":1.1,"WB":1.1}},"isVote":1,"tweetType":1,"viewCount":216,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
