Why JD.com, PDD Holdings, and Baidu Stocks All Fell Double Digits in January
BIDUBIDU(BIDU) The Motley Fool·2024-02-03 13:15

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 (JD -1.98%), PDD Holdings (PDD -1.58%), and Baidu (BIDU -2.09%), 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 (MCHI -1.77%) finished the month down 10.3%, showing China stocks fell broadly ...