Alibaba, JD.com, Baidu All Fall: U.S.-Listed Chinese Companies

(Bloomberg) -- Alibaba Group Holding Ltd., JD.com Inc. and Baidu Inc. all closed down Tuesday amid growing trade tensions between the U.S. and China.

Their retreat follows a broad market decline in China that sent 1.023 stocks down by the daily 10 percent limit.

Alibaba declined 2.0 percent. Baidu fell 2.5 percent for a second straight day of losses. JD.com dropped the most since early May, closing down 4.3 percent.

Tuesday’s top gainer, China Advanced Construction Materials Group Inc. rose for a second straight day, adding 13 percent.

The day’s top decliner, ZK International Group Co. Ltd. fell 12 percent posting a second consecutive day of losses. The company’s shares dropped the most since September 2017.

Biggest GainersPercent ChangeBiggest LoserPercent Change
CADC US13%ZKIN US-12%
FAMI US7.6%HGSH US-11%
HX US5.1%BILI US-9.9%
CCRC US4.0%AGMH US-9.4%
COE US3.3%ALN US-8.4%

Results are based on an EQS search comprising about 150 Chinese companies trading on the New York Stock Exchange and Nasdaq.

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