U.S. Stock Movement | Popular Chinese concept stocks generally decline, Alibaba falls over 3%
On Tuesday, the Nasdaq China Golden Dragon Index fell by 2.69%, with popular Chinese concept stocks generally declining. Fangdd Network dropped over 5%, Alibaba, XPeng, and Li Auto fell over 3%, and TAL Education Group dropped over 2%. In addition, the Hang Seng Index fell by 1.73% during the day, while the Shanghai Composite Index declined by 0.62%. Analysts pointed out that the decline in the Chinese market today was mainly due to the escalation of trade tensions between China and the United States. Dongfang Securities believes that, relatively speaking, the impact of this trade war is weaker than expected, but there is still the possibility of fluctuations in the future, which may delay the recovery upward but will not change the upward trend
According to Zhitong Finance APP, on Tuesday, the Nasdaq China Golden Dragon Index fell by 2.69%, with popular Chinese concept stocks generally declining. Fangdd Network (DUO.US) dropped over 5%, Alibaba (BABA.US), XPeng (XPEV.US), and Li Auto (LI.US) fell over 3%, and TAL Education (TAL.US) decreased by over 2%. In addition, the Hang Seng Index fell by 1.73% during the day, and the Shanghai Composite Index dropped by 0.62%. Analysts pointed out that the decline in the Chinese market today was mainly due to the escalation of trade tensions between China and the United States. Dongfang Securities believes that, relatively speaking, the impact of this trade war is weaker than expected, but there may still be fluctuations in the future, which could delay the upward recovery time, although it will not change the upward trend
