Shares of iQiyi Inc. (IQ) plummeted 5.14% during Wednesday's trading session, as Chinese stocks faced a significant sell-off amid renewed concerns over US-China trade tensions.
The decline in iQiyi's stock price occurred in tandem with a broader downturn in Chinese ADRs and ETFs. Other major Chinese companies also experienced substantial losses, with JD.com, Li Auto, and NIO dropping over 4%, while Alibaba fell 3.8% and PDD Holdings declined more than 2%.
The market-wide sell-off was triggered by the Trump administration's new restrictions on Nvidia Corp.'s chip exports to China, reigniting fears of an escalating trade war. This move has raised concerns about potential impacts on chip-sector earnings and China's artificial intelligence ambitions. The restrictions are seen as a continuation of the US government's tough stance on Chinese tech development, further straining the already tense economic relationship between the two countries.
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。