Why JD.com, PDD Holdings, and Baidu Stocks All Fell Double Digits in January
China stocks got hit hard last month as a combination of weak economic data, interventions by the Chinese government against selling stocks, and ongoing regulatory concerns pushed the sector down broadly.
Among the losers were JD.com (NASDAQ: JD), PDD Holdings (NASDAQ: PDD), and Baidu (NASDAQ: BIDU), which finished the month down 22%, 13.3%, and 11.6%, according to data from S&P Global Market Intelligence. The iShares MSCI China ETF (NASDAQ: MCHI) finished the month down 10.3%, showing China stocks fell broadly.
Here's how each stock performed last month.
Source Fool.com
MSCI Inc. A Aktie
510,60 €
0,35 %
Die MSCI Inc. A Aktie steht gut da: Deutlich mehr Buy- als Sell-Einschätzungen in der Community.
Bei einem Kursziel von 568 € ergibt sich ein leicht positives Potenzial von 11.24% im Vergleich zum aktuellen Kurs von 510.6 € für MSCI Inc. A.
