TECH - Why Are Chinese Stocks Including Baidu JD And Others Trading Lower Tuesday? | Benzinga
U.S. short sellers are speculating that the surge in Chinese stocks is over.
Capital will likely shift to emerging markets outside of China. The trend has led to a selloff in Chinese stocks:
- Baidu, Inc (NASDAQ:BIDU)
- JD.com, Inc (NASDAQ:JD)
- Alibaba Group Holding Ltd (NYSE:BABA)
- Bilibili Inc (NASDAQ:BILI)
- PDD Holdings Inc (NASDAQ:PDD).
Bearish bets against BlackRock Inc's (NYSE:BLK) iShares China Large-Cap Exchange Traded Fund, which invests in Hong Kong equities like Tencent Holdings Ltd (OTC:TCEHY) and Meituan (OTC:MPNGY), have reached their highest since October 2020, as per S&P Global data.
Another iShares ETF that includes both Hong Kong and mainland stocks has seen its highest short interest since ...