US-listed Chinese stocks fall under bear pressure 📉

Shares of Chinese companies listed in the United States are incurring heavy losses against the backdrop of the wave of the Chinese stock market crash and fears that they may be delisted from US stock exchanges:

Xi Jinping’s victory has raised concerns about China’s authoritarian and anti-business government. In addition, Xi appointed his supporters to one of China’s largest decision-making bodies;
The Covid Zero policy may be prolonged and the investment climate in China for both domestic and international companies may deteriorate;
The strained relations between Washington and Beijing may lead to a tighter regulation of trade cooperation; Companies that build their business model on bilateral cooperation between the two countries are preparing for an even worse period;
China’s Q3 macro data was mixed in tone and did not confirm the positive recovery that the bulls had been expecting. Despite GDP growth, consumption slowed significantly in September, unemployment rose and the real estate crisis continued to spread.
Tencent (TME.US) -14.5%, Ali Baba (BABA.US) -15.5%, Baidu (BIDU.US .)) -16%, Weibo (WB.US) -16.5%, Yum China (YUMCUS) -12%, NIO (NIO.US) -17%, Oriental New (EDU.US) – twenty%

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Chinese companies dominate the list of worst-performing stocks after the US open today. Source: xStation5Tencent shares (TME.US), separator D1. Today the stock is down nearly 15%, with the RSI pointing to levels close to oversold. The stock price of the US-listed Chinese entertainment and gaming giant is down more than 85% from its early 2021 highs. Source: xStation5

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