Hot Chinese ADRs Turned Down in Morning Trading; KE Holdings and Bilibili Crashed Around 8%

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Hot Chinese ADRs Turned Down in Morning Trading; KE Holdings and Bilibili Crashed Around 8%

Tiger Newspress2023-09-07

Hot Chinese ADRs turned down in morning trading; KE Holdings Inc. and Bilibili Inc. crashed around 8%.

China's exports have dropped for the fourth month in a row as the "world's factory" struggles with weak demand at home and abroad.

Exports fell 8.8% in August compared with a year earlier, while imports dropped 7.3%, official figures show.

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1M55
·2023-09-07
Never ending. It's economy isn't as good as what TGT mentioned. Blaming western news doesn't help when everyone has the eyes to see how the property crisis, unemployment, sino tension, stimulus in a tidy bite. Short lived rally, one step forward 10 steps back. Quickly other EM will take up the shares of factory like India Vietnam where it can cheap and bloom
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