Stock Track | JD.com Plunges Over 14% as China Rally Loses Steam

Stock Track

Oct 08, 2024

Shares of Chinese e-commerce giant JD.com (JD-SW) plummeted as much as 14.48% on Tuesday, following a broader sell-off in Chinese technology stocks.

The steep decline came after a briefing from China's National Development and Reform Commission failed to provide details on further economic stimulus measures, disappointing investors who had been anticipating more aggressive steps to bolster the country's economy.

The lack of clarity on additional stimulus measures led to a sharp reversal in Chinese markets, with the Hang Seng Index in Hong Kong falling 9.6% and the Hang Seng Tech Index plunging 13.6%. Other Chinese tech giants, including Alibaba, Tencent, and Meituan, also witnessed double-digit declines on the day.

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Other Chinese tech giants, including Alibaba, Tencent, and Meituan, also witnessed double-digit declines on the day.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09618","symbol_name":"京东集团-SW","start_time":0,"source_url":"","article_id":"1153058660","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1153058660","pubTimestamp":1728373295,"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 Chinese e-commerce giant JD.com  plummeted as much as 14.48% on Tuesday, following a broader sell-off in Chinese technology stocks.The steep decline came after a briefing from China's National Development and Reform Commission failed to provide details on further economic stimulus measures, disappointing investors who had been anticipating more aggressive steps to bolster the country's economy.The lack of clarity on additional stimulus measures led to a sharp reversal in Chinese market","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"09618":"京东集团-SW"},"translate_title":"随着中国股市涨势失去动力，京东股价暴跌逾14%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09618":1},"content_text":"Shares of Chinese e-commerce giant JD.com (JD-SW) plummeted as much as 14.48% on Tuesday, following a broader sell-off in Chinese technology stocks.\nThe steep decline came after a briefing from China's National Development and Reform Commission failed to provide details on further economic stimulus measures, disappointing investors who had been anticipating more aggressive steps to bolster the country's economy.\nThe lack of clarity on additional stimulus measures led to a sharp reversal in Chinese markets, with the Hang Seng Index in Hong Kong falling 9.6% and the Hang Seng Tech Index plunging 13.6%. 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