Chinese ADRs Tumble As China's Growth Misses Consensus, Home Prices Slump

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Chinese ADRs Tumble As China's Growth Misses Consensus, Home Prices Slump

Tiger Newspress01-17

Chinese ADRs slumped in morning trading Wednesday after a government report on growth in China’s economy trailed market consensus and home prices slipped. Fund managers are trimming their allocations on Chinese companies, with policymakers hobbled by inadequate monetary stimulus. Alibaba fell 2.5%; Pinduoduo fell 2.8%; JD.com fell 5%; Baidu fell 3.8%; NIO fell 5.7%; XPeng fell 7.1%; Li Auto fell 4.8%.

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Comment（4）

Smartis
·01-17
What a disappointment market..
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Song Di
·01-17
This equity onslaught seems similar to 1997 currencies onslaught. Quite coordinated attack. Whatever good economic news from China will be met with further selloff. China will need to be able to defend itself otherwise their growth in 2024 will be zero
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Black83black
·01-17
falling knife
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Fold Replies
- Black83black:
  Dont know when the china economy can recover,
  01-18
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- Aks7:
  Sad- buT true
  01-17
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druvaciam
·01-17
Really hot[LOL]
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Fund managers are trimming their allocations on Chinese companies, with policymakers hobbled by inadequate monetary stimulus. Alibaba fell 2.5%; Pinduoduo fell 2.8%; JD.com fell 5%; Baidu fell 3.8%;  NIO fell 5.7%; XPeng fell 7.1%; Li Auto fell 4.8%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6937a951030e4025e9b570fec921fbc0\" tg-width=\"391\" tg-height=\"732\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BILI":"哔哩哔哩","JD":"京东","BIDU":"百度","LI":"理想汽车","PDD":"拼多多","YINN":"三倍做多富时中国ETF-Direxion","NTES":"网易","NIO":"蔚来","BABA":"阿里巴巴","XPEV":"小鹏汽车"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165089486","content_text":"Chinese ADRs slumped in morning trading Wednesday after a government report on growth in China’s economy trailed market consensus and home prices slipped. Fund managers are trimming their allocations on Chinese companies, with policymakers hobbled by inadequate monetary stimulus. Alibaba fell 2.5%; Pinduoduo fell 2.8%; JD.com fell 5%; Baidu fell 3.8%;  NIO fell 5.7%; XPeng fell 7.1%; Li Auto fell 4.8%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":264079942758528,"gmtCreate":1705492092216,"gmtModify":1705500590857,"author":{"id":"4159505662240392","authorId":"4159505662240392","name":"Song Di","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4159505662240392","authorIdStr":"4159505662240392"},"htmlText":"This equity&nbsp;onslaught seems similar to&nbsp;1997 currencies onslaught. Quite coordinated attack. Whatever good economic&nbsp;news from China will be met with further selloff.&nbsp;China will need to be able to defend itself otherwise their growth in 2024 will be&nbsp;zero","listText":"This equity&nbsp;onslaught seems similar to&nbsp;1997 currencies onslaught. Quite coordinated attack. Whatever good economic&nbsp;news from China will be met with further selloff.&nbsp;China will need to be able to defend itself otherwise their growth in 2024 will be&nbsp;zero","text":"This equity onslaught seems similar to 1997 currencies onslaught. Quite coordinated attack. Whatever good economic news from China will be met with further selloff. China will need to be able to defend itself otherwise their growth in 2024 will be zero","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/264079942758528","repostId":1165089486,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":264048493781120,"gmtCreate":1705484414243,"gmtModify":1705484431493,"author":{"id":"3576542985729070","authorId":"3576542985729070","name":"Black83black","avatar":"https://community-static.tradeup.com/news/dc5940f5fefb9966b35345e7dd1aa9b8","vip":1,"hat":"https://static.tigerbbs.com/6444b4970948c1077534c593eccd6d16","crmLevel":7,"crmLevelSwitch":1,"idStr":"3576542985729070","authorIdStr":"3576542985729070"},"htmlText":"falling knife","listText":"falling knife","text":"falling knife","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/264048493781120","repostId":1165089486,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":264251378397312,"gmtCreate":1705533946633,"gmtModify":1705533959143,"authorId":3576542985729070,"author":{"id":3576542985729070,"idStr":"3576542985729070","authorId":3576542985729070,"name":"Black83black","avatar":"https://community-static.tradeup.com/news/dc5940f5fefb9966b35345e7dd1aa9b8","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.01","exceedPercentage":"93.92%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":264048493781120,"type":1,"supId":264126305460392,"prevId":0,"content":"Dont know when the china economy can recover, ","text":"Dont know when the china economy can recover, ","html":"Dont know when the china economy can recover, "},{"id":264126305460392,"gmtCreate":1705503247893,"gmtModify":1705503254975,"authorId":4155547288113772,"author":{"id":4155547288113772,"idStr":"4155547288113772","authorId":4155547288113772,"name":"Aks7","avatar":"https://community-static.tradeup.com/news/45b695846ab38a86a19cc9912031e0e9","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":264048493781120,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Sad- buT true</span>","text":"<span class=\"s1\">Sad- buT true</span>","html":"<span class=\"s1\">Sad- buT true</span>"}],"langContent":"EN"},{"id":264046218723544,"gmtCreate":1705483697296,"gmtModify":1705483701932,"author":{"id":"4088707402306530","authorId":"4088707402306530","name":"druvaciam","avatar":"https://static.tigerbbs.com/5c3fb456a34258529f2ed7b7f945e0e8","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":6,"crmLevelSwitch":1,"idStr":"4088707402306530","authorIdStr":"4088707402306530"},"htmlText":"Really hot[LOL]&nbsp;&nbsp;","listText":"Really hot[LOL]&nbsp;&nbsp;","text":"Really hot[LOL]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/264046218723544","repostId":1165089486,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":18,"commentSize":4,"repostSize":4,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}