Stock Track | iQiyi Inc. Shares Plummet in Pre-Market Trading Amid Broader Decline in Chinese Stocks

Stock Track

Oct 08, 2024

Shares of iQiyi Inc. (IQ), a leading online entertainment service in China, plunged over 14% in pre-market trading on Monday, as optimism surrounding potential stimulus measures in China faded quickly. The steep decline in iQiyi's stock price was part of a broader sell-off in U.S.-listed Chinese companies.

The initial surge in Chinese stocks was fueled by hopes of economic support from the Chinese government. However, the optimism waned after officials failed to provide specific details to sustain the market rally during a conference. This uncertainty triggered a wave of selling across various Chinese sectors, including e-commerce giants Alibaba Group Holding and JD.com, electric vehicle manufacturers like Li Auto, Nio, and Xpeng, as well as online education and social media companies.

iQiyi, along with other Chinese tech stocks such as Bilibili, Baidu, and Weibo, was caught up in the broader market downturn. Chinese ETFs tracking the nation's equities, including the iShares MSCI China ETF, KraneShares CSI China ETF, and iShares China Large-Cap ETF, also experienced significant declines.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1148716000"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1148716000\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1148716000?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-08 17:21","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1148716000","market":"us","top_or_hot":-1,"title":"Stock Track | iQiyi Inc. Shares Plummet in Pre-Market Trading Amid Broader Decline in Chinese Stocks","media":"Stock Track","content":"<p>Shares of iQiyi Inc. (IQ), a leading online entertainment service in China, plunged over 14% in pre-market trading on Monday, as optimism surrounding potential stimulus measures in China faded quickly. The steep decline in iQiyi's stock price was part of a broader sell-off in U.S.-listed Chinese companies.</p>\n\n<p>The initial surge in Chinese stocks was fueled by hopes of economic support from the Chinese government. However, the optimism waned after officials failed to provide specific details to sustain the market rally during a conference. This uncertainty triggered a wave of selling across various Chinese sectors, including e-commerce giants Alibaba Group Holding and JD.com, electric vehicle manufacturers like Li Auto, Nio, and Xpeng, as well as online education and social media companies.</p>\n\n<p>iQiyi, along with other Chinese tech stocks such as Bilibili, Baidu, and Weibo, was caught up in the broader market downturn. Chinese ETFs tracking the nation's equities, including the iShares MSCI China ETF, KraneShares CSI China ETF, and iShares China Large-Cap ETF, also experienced significant declines.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | iQiyi Inc. Shares Plummet in Pre-Market Trading Amid Broader Decline in Chinese Stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | iQiyi Inc. Shares Plummet in Pre-Market Trading Amid Broader Decline in Chinese Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-10-08 17:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of iQiyi Inc. (IQ), a leading online entertainment service in China, plunged over 14% in pre-market trading on Monday, as optimism surrounding potential stimulus measures in China faded quickly. The steep decline in iQiyi's stock price was part of a broader sell-off in U.S.-listed Chinese companies.</p>\n\n<p>The initial surge in Chinese stocks was fueled by hopes of economic support from the Chinese government. However, the optimism waned after officials failed to provide specific details to sustain the market rally during a conference. This uncertainty triggered a wave of selling across various Chinese sectors, including e-commerce giants Alibaba Group Holding and JD.com, electric vehicle manufacturers like Li Auto, Nio, and Xpeng, as well as online education and social media companies.</p>\n\n<p>iQiyi, along with other Chinese tech stocks such as Bilibili, Baidu, and Weibo, was caught up in the broader market downturn. Chinese ETFs tracking the nation's equities, including the iShares MSCI China ETF, KraneShares CSI China ETF, and iShares China Large-Cap ETF, also experienced significant declines.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IQ","symbol_name":"爱奇艺","start_time":0,"source_url":"","article_id":"1148716000","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1148716000","pubTimestamp":1728379269,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of iQiyi Inc. , a leading online entertainment service in China, plunged over 14% in pre-market trading on Monday, as optimism surrounding potential stimulus measures in China faded quickly. The steep decline in iQiyi's stock price was part of a broader sell-off in U.S.-listed Chinese companies.The initial surge in Chinese stocks was fueled by hopes of economic support from the Chinese government. However, the optimism waned after officials failed to provide specific details to sustain th","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IQ":"爱奇艺"},"translate_title":"由于中国股市普遍下跌，爱奇艺股价在盘前交易中暴跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IQ":1},"content_text":"Shares of iQiyi Inc. (IQ), a leading online entertainment service in China, plunged over 14% in pre-market trading on Monday, as optimism surrounding potential stimulus measures in China faded quickly. The steep decline in iQiyi's stock price was part of a broader sell-off in U.S.-listed Chinese companies.\nThe initial surge in Chinese stocks was fueled by hopes of economic support from the Chinese government. However, the optimism waned after officials failed to provide specific details to sustain the market rally during a conference. This uncertainty triggered a wave of selling across various Chinese sectors, including e-commerce giants Alibaba Group Holding and JD.com, electric vehicle manufacturers like Li Auto, Nio, and Xpeng, as well as online education and social media companies.\niQiyi, along with other Chinese tech stocks such as Bilibili, Baidu, and Weibo, was caught up in the broader market downturn. Chinese ETFs tracking the nation's equities, including the iShares MSCI China ETF, KraneShares CSI China ETF, and iShares China Large-Cap ETF, also experienced significant declines.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}