TUYA and TIGR Lead Declines in Chinese Tech Stocks

Oct 03, 2024

The shares of several Chinese technology companies experienced significant declines. Notably, Tuniu (TOUR, Financial) dropped by nearly 8%, and Tiger Securities (TIGR) saw a decrease of close to 7%. Other companies such as Bilibili (BILI), DouYu (DOYU), and Zeekr fell by over 5%. Additionally, iQIYI (IQ), Weibo (WB), KE Holdings (BEKE), XPeng Motors (XPEV), NIO Inc. (NIO), Pinduoduo (PDD), Miniso Group (MNSO), Futu Holdings (FUTU), and Baidu (BIDU) all experienced declines exceeding 3%.

These market moves highlight the volatility within the Chinese technology sector, possibly influenced by broader economic factors and investor sentiment.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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