Why JD.com, PDD Holdings, and Baidu Stocks All Fell Double Digits in January
China stocks got hit hard last month as a combination of weak economic data, interventions by the Chinese government against selling stocks, and ongoing regulatory concerns pushed the sector down broadly.
Among the losers were JD.com (NASDAQ: JD), PDD Holdings (NASDAQ: PDD), and Baidu (NASDAQ: BIDU), which finished the month down 22%, 13.3%, and 11.6%, according to data from S&P Global Market Intelligence. The iShares MSCI China ETF (NASDAQ: MCHI) finished the month down 10.3%, showing China stocks fell broadly.
Here's how each stock performed last month.
Source Fool.com
MSCI Inc. A Stock
€433.90
-0.250%
The stock is one of the favorites of our community with 21 Buy predictions and 4 Sell predictions.
As a result the target price of 555 € shows a positive potential of 27.91% compared to the current price of 433.9 € for MSCI Inc. A.
