• 18
  • 4
  • Favorite

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%.

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.

Report

Comment4

  • Smartis
    ·01-17
    What a disappointment market.. 
    Reply
    Report
  • 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
    Reply
    Report
  • falling knife
    Reply
    Report
    Fold Replies
    • Black83black
      Dont know when the china economy can recover,
      01-18
      Reply
      Report
    • Aks7
      Sad- buT true
      01-17
      Reply
      Report
  • druvaciam
    ·01-17
    Really hot[LOL]  
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial