Stock Track | JD.com, Chinese Tech Stocks Plunge on Fears of Trump Re-Election

Stock Track
2024-11-06

Shares of JD.com and other major Chinese tech companies fell sharply on Wednesday, as traders shunned riskier assets amid concerns over the potential outcome of the U.S. presidential election. JD.com plummeted 6.18%, while Alibaba, Nio, Li Auto, Meituan, and Tencent all posted steep declines.

The sell-off in Hong Kong-listed equities reflected international investors' worries that a second term for President Trump could lead to heightened trade tensions and policy uncertainties that would negatively impact Asia's export-driven economies. There are fears that Trump's pro-growth policies could keep inflation elevated, complicating the Federal Reserve's efforts to achieve price stability.

"Trump trades gaining ground in early Asian trading could be a mixed message for Asian equities," said Charu Chanana, chief investment strategist at Saxo Markets. "While his pro-growth policies could spill over the tailwinds to Asia, threats of tariffs and a stronger dollar will have be to assessed as well."

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10