Hot Chinese ADRs Drop on Extended Slump in China's Exports
Tiger Newspress2023-11-07
Hot Chinese ADRs dropped in premarket trading Tuesday as a government report showed China’s exports slumped for a sixth consecutive month in October, reigniting concerns about the strength of the nation’s economic recovery.
Alibaba and Baidu fell 1%; NIO, Pinduoduo and JD.com fell about 2%; XPeng fell 3%.
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