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