All articles tagged with #china based companies
Shares of Nio and Alibaba, along with other China-based companies, dropped as part of a broad selloff in U.S.-listed stocks. The decline was triggered by weak export data from China, indicating continued weak demand for Chinese products. Concerns over trade tensions between the U.S. and China also contributed to the selloff.
News Corp shares rise nearly 4% after reporting better-than-expected earnings in Q4, while UBS gains 5% as it ends loss protection agreement with Credit Suisse. Chip stocks drop over 2%, with the VanEck Semiconductor ETF falling 2.2%. Maxeon Solar Technologies shares plummet 32% after reporting a revenue miss in Q2. U.S.-traded shares of Chinese companies decline as Country Garden issues profit warning. Wynn shares retreat 4% after previous session's gains. Krispy Kreme rises 3% as JPMorgan reiterates overweight rating. Coinbase stock dips 2% as retail crypto traders flock to Robinhood. Tapestry gains 1% after announcing $8.5 billion acquisition of Capri Holdings. Kura Oncology shares rise 4% after Bank of America initiates coverage with a buy rating. DigitalOcean Holdings adds 2.8% following upgrade from Morgan Stanley.