Alibaba, Tencent, Other Chinese Stocks Are in Free Fall. It’s About Xi Jinping.

by Pamela James

October 24, 2022

in Finance

Qualcomm Earnings Could Disappoint. Smartphone Demand Could Be Why.

February 2, 2023

India’s Adani Calls Off $2.5B Share Sale — Bill Ackman Gets Suspicious About Offering

February 2, 2023

Shares in Chinese companies were plunging Monday as markets reacted to the consolidation of power by President Xi Jinping, after he was confirmed to a historic third term as leader of the world’s second-largest economy.

Alibaba

(ticker: BABA) tumbled 17%, with tech peer

JD.com

(JD) dropping 18.9%,

Tencent

(

TCEHY

) down 15.3%,

Pinduoduo

(PDD) falling 31%, and

Baidu

(BIDU) 18.4% into the red. Electric-vehicle maker

Nio

(NIO) shed 22%. Hong Kong’s

Hang Seng Index

closed 6.4% lower, seeing its worst one-day rout since 2008.

Pamela James

Qualcomm Earnings Could Disappoint. Smartphone Demand Could Be Why.

by Pamela James

February 2, 2023

Qualcomm, the maker of mobile processors and 5G wireless chipsets, may report muted earnings results after Thursday’s market close. Wall...

India’s Adani Calls Off $2.5B Share Sale — Bill Ackman Gets Suspicious About Offering

by Pamela James

February 2, 2023

Indian conglomerate Adani Group’s flagship company Adani Enterprises has called off its $2.5 billion share sale, also known as a follow-on public offer, according...