JD.com, one of China's leading e-commerce companies, saw its stock price plunge by 5.04% in pre-market trading on Tuesday. This sharp decline was part of a broader sell-off in Chinese stocks, as investors reacted to the latest developments regarding China's economic policies.
The pre-market drop in JD.com's shares came after Chinese authorities signaled a shift towards a more "moderately loose" monetary policy for 2025. This announcement, made during a meeting of the Politburo, the country's top decision-making body, sparked concerns among investors about potential rate cuts and further economic stimulus measures.
The sell-off in Chinese stocks, including JD.com, was exacerbated by the uncertainty surrounding the details of the potential stimulus and the possibility of an unwinding of bullish bets placed on Chinese equities last week. Investors seemed to adopt a cautious stance as they awaited more clarity on the government's plans.
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