Weibo Corp's shares fell sharply by 5.03% on Friday, as escalating trade tensions between the U.S. and China weighed heavily on Chinese stocks listed on U.S. exchanges.
The selloff in Weibo and other Chinese American Depository Receipts (ADRs) was triggered by President Donald Trump's announcement on Thursday of imposing an additional 10% tariff on $300 billion worth of Chinese imports. This came on top of the 10% tariff Trump levied in February, further raising fears of a prolonged trade war between the world's two largest economies.
The negative sentiment spilled over from China's domestic markets, where the benchmark Hang Seng Index plunged over 3% in its largest one-day decline since October 2024. The blue-chip CSI300 Index and Shanghai Composite Index both tumbled around 2% amid concerns over the tariff threats and their potential impact on Chinese companies and economic growth.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。