Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Baidu, Alibaba, and Other Chinese Stocks Sank on Wednesday

TheMotleyFool 
0 0 28.02.24
Why Baidu, Alibaba, and Other Chinese Stocks Sank on Wednesday: https://g.foolcdn.com/editorial/images/767232/markets-stock-exchange-ticker-investor.jpg
 

Stocks of some of China's most widely held companies were sinking in unison on Wednesday, with several catalysts sending them lower. One company delivered a disappointing financial report, concerns about China's economy continued, and the country's policymakers announced moves that shook up its stock market.

With that as a backdrop, several of China's biggest technology stocks lagged the broader market. Shares of Baidu (NASDAQ: BIDU) slumped 7.2%, Tencent Holdings (OTC: TCEHY) declined 3.9%, and Alibaba (NYSE: BABA) fell 3.4%, as of 1:22 p.m. ET today.

Image source: Getty Images.

Continue reading


Source Fool.com

Osaka Titanium Technologies Stock

€14.40
1.410%
Osaka Titanium Technologies gained 1.410% today.

Show more
Like: 0
BIDU
Share

Comments

Not a member yet? Sign up for free!