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Benzinga
Benzinga
Business
Anusuya Lahiri

Alibaba And Peers Drop As Trump-Xi Trade Truce Fails To Impress

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U.S.-listed Chinese stocks fell sharply on Friday after President Donald Trump and Chinese President Xi Jinping announced a limited trade truce that offered temporary relief but left deeper tensions unresolved.

Alibaba Group Holding Limited (NYSE:BABA), often viewed as a bellwether for China's technology sector, led the decline, slipping alongside other major U.S.-listed peers including PDD Holdings Inc (NASDAQ:PDD), JD.com, Inc (NASDAQ:JD), and Baidu, Inc (NASDAQ:BIDU).

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