why are chinese tech stocks down today
A new term for Xi Jinping spelled bad news for investors. As of April Chinas retail sales have contracted 111 compared to the same period in the prior year and almost doubled projections of a 66 decline.
J C Parets On Twitter Who S Buying Chinese Tech Stocks Down Here Cqqq Https T Co Pbh9lzfqba Twitter
Right now XPeng NYSE.
. The countrys government confirmed that it would be implementing stricter regulations for private tutoring companies. Most stock quote data provided by BATS. Chinese stocks were tumbling this morning after Chinas President Xi Jinping broke precedent over the weekend and secured a third term as the.
All times are ET. Chinese stocks got slammed in todays trading session. All Fall Down.
The sector is facing selling pressure due to upcoming earnings reports and supply-chain concerns. XPEV is down. Shares of Chinese tech stocks were falling for the third session in a row Tuesday in the ongoing fallout from the Chinese governments crackdown on the for-profit education.
But as Seeking Alpha notes Chinese EV stocks have even more problems. Investor confidence is low and for good reason. Today marks a bad day for Chinese EV stocks after an already difficult month.
While Hong Kongs Hang Seng Index fell 6 to a 13-year low the Shenzhen and Shanghai markets fell. Not every Chinese stock market is falling as hard though. Market indices are shown in real time except for the DJIA which is delayed by two minutes.
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