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 Gainers||Percent Change||Biggest Loser||Percent Change|
|CADC US||13%||ZKIN US||-12%|
|FAMI US||7.6%||HGSH US||-11%|
|HX US||5.1%||BILI US||-9.9%|
|CCRC US||4.0%||AGMH US||-9.4%|
|COE US||3.3%||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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