DDL - Why Shares of Kanzhun RLX Technology and Dingdong Are Falling This Week
2023-05-25 13:15:29 ET
Shares of many Chinese stocks struggled this week as earnings season pressed on, economic concerns lingered, and fears around a resurgence of COVID-19 cases crept back into the picture.
Shares of the online recruitment firm Kanzhun (NASDAQ: BZ) traded more than 19% lower on the week as of 12:42 p.m. ET Thursday, according to data from S&P Global Market Intelligence .
Meanwhile, shares of the e-vapor company RLX Technology (NYSE: RLX) traded roughly 12% lower, while shares of the grocery delivery company Dingdong (Cayman) Limited (NYSE: DDL) were down almost 14%.
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Why Shares of Kanzhun, RLX Technology, and Dingdong Are Falling This Week