Stock Track | JOYY Inc. Plummets 5.4% Intraday on Wednesday Amid Broader Tech Selloff

Stock Track

02-26

Shares of JOYY Inc. (YY) plummeted 5.4% on Wednesday, underperforming the broader market as investors rotated out of US tech stocks into Chinese tech firms. The selloff came amid a correction in major US tech names, prompting a shift towards cheaper-valued Chinese counterparts.

The stock's decline followed a recent surge in Chinese ADRs and ETFs, as investors anticipated Beijing would support technological innovation amidst intensifying US-China rivalry. KE Holdings, Li Auto, XPeng, JD.com, and Alibaba were among the Chinese tech stocks that saw significant gains on optimism for policy support.

However, JOYY Inc. bucked the broader uptrend in Chinese tech stocks on Wednesday, potentially due to profit-taking after its recent rally. As a social media company, JOYY may have been viewed as less of a direct beneficiary of potential policy support for innovation compared to firms focused on emerging technologies like electric vehicles and artificial intelligence.

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。

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Plummets 5.4% Intraday on Wednesday Amid Broader Tech Selloff\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time smaller\">2025-02-26 23:02</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Shares of JOYY Inc. (YY) plummeted 5.4% on Wednesday, underperforming the broader market as investors rotated out of US tech stocks into Chinese tech firms. The selloff came amid a correction in major US tech names, prompting a shift towards cheaper-valued Chinese counterparts.</p>\n<p>The stock's decline followed a recent surge in Chinese ADRs and ETFs, as investors anticipated Beijing would support technological innovation amidst intensifying US-China rivalry. 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