why are chinese tech stocks down today

GDS Holdings GDS-262 which gained 158. As a result the share prices of Tencent Music Entertainment TME 475 dropped 83 the commercial freight platform company Full Truck Alliance YMM 1165 plunged.

Baba Rises With Other Chinese Tech Stocks

MCHI the broad index of Chinese stocks is down nearly 4 at the time of writing.

. Investor confidence is low and for good reason. That includes China moving forward with further Zero Covid policy plans. Chinese electric vehicle EV stocks are sliding lower for a couple of reasons today.

IQIYI had lost 205 Zhihu was down 286 and the. The stocks are still neither profitable nor cheap. Chinese electric vehicle EV stocks are on the move today.

META stock is down 22 today. Thats an absolutely massive single-day move. The value of Chinas currency the Yuan is down 2 against the US.

Why are chinese tech stocks down today. Talk of easing lockdown restrictions in China is also. Chinas big EV stocks are down 8 to 10 after the countrys Communist Party congress.

Chinese tech stocks are taking a beating on Tuesday as investors worry about additional restrictions from. Investor confidence is low and for good reason. As part of the IPO it raised about 803 million.

Li Auto lost more than 9 of its value over the weekend while Nio and Xpeng fell nearly 10. The China-based company debuted at 611 per share and fell by as much as 41 during intraday trading. President Xi Jinpings Communist Party Congress is sending Chinese.

The proceeds will be. Heres a quick breakdown of how these tech stocks are performing as of Thursday morning. Hello Group was off 177.

By William White InvestorPlace Writer Feb 22 2022 1137 am EDT. XPEV is down. This comes alongside delivery news from the companies.

Chinese tech stocks have sold off more than US. What happened Shares of Chinese tech stocks were falling for the third session in a row Tuesday in the ongoing fallout from the Chinese governments crackdown on the for-profit. Oct 24 20220722.

Right now XPeng NYSE. On Monday as of 1150 am. Full Truck Alliance YMM 183 135.

Chinese stocks got slammed in todays trading session. Today marks a bad day for Chinese EV stocks after an already difficult month. Xis program of militarization and government reshuffling are battering Chinese stocks today.

Nio and Li are valued at more than. A new term for Xi Jinping spelled bad news for investors. Looking at the iShares MSCI China ETF NASDAQ.

Beijing is undergoing a campaign to crack down on excesses in its tech sector. The countrys government confirmed that it would be implementing stricter regulations for private tutoring companies. Xi Jinpings third term is seen by investors as bad for the economy which is already.

GOOGL shares are falling 17 as of this writing. Today marks a bad day for Chinese EV stocks after an already difficult month. Baozun had fallen 125.

Chinese tech stocks like Alibaba are all down at least 15 today. Right now XPeng NYSEXPEV is down.

China Tech Stocks Set For Worst Month Since Global Financial Crisis Financial Times