Trip.com Group Limited (TCOM) saw its stock price plummet 6.41% in pre-market trading on Monday, as Chinese ADRs faced a widespread selloff amid escalating trade tensions between the United States and China. The decline in Trip.com's stock is part of a larger trend affecting Chinese companies listed on U.S. exchanges.
The latest round of selloffs comes after China announced retaliatory tariffs on U.S. imports, following the U.S. decision to impose additional tariffs on Chinese goods. This tit-for-tat escalation has intensified fears of a full-blown trade war between the world's two largest economies, potentially leading to a global economic slowdown.
Other major Chinese ADRs also experienced significant drops in pre-market trading. XPeng and NetEase fell 14%, while e-commerce giants Alibaba and JD.com declined by 11% and 10% respectively. The Direxion Daily FTSE China Bull 3X Shares ETF (YINN), which provides leveraged exposure to Chinese stocks, plummeted by 24%, indicating the severity of the market reaction to the trade war developments.
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。