U.S. stocks traded mostly higher, with the Dow Jones gaining more than 200 points on Monday. Here are some big stocks recording losses in today’s session.
- Pinduoduo Inc. (NASDAQ:PDD) shares dipped 30.2% to $ 41.17. U.S.-listed Chinese stocks dipped on Monday amid fears over President Xi Jinping maintaining dominance following the weeklong Party Congress that concluded on Saturday.
- GDS Holdings Limited (NASDAQ:GDS) tumbled 26.8% to $10.53.
- TAL Education Group (NYSE:TAL) fell 26% to $2.9150. Shares of several Chinese stocks traded lower amid Chinese President Xi winning his 3rd term and selecting loyalists to the Politburo Standing Committee.
- Kanzhun Limited (NASDAQ:BZ) dropped 26% to $10.53. Shares of several Chinese stocks traded lower amid Chinese President Xi winning his 3rd term and selecting loyalists to the Politburo Standing Committee. Some investors are concerned about increasing private sector and tech company regulation.
- Zai Lab Limited (NASDAQ:ZLAB) declined 24.7% to $21.61.
- Chindata Group Holdings Limited (NASDAQ:CD) dropped 23.3% to $5.24.
- Li Auto Inc. (NASDAQ:LI) fell 23.2% to $13.64.
- New Oriental Education & Technology Group Inc. (NYSE:EDU) declined 22.7% to $17.58.
- Bilibili Inc. (NASDAQ:BILI) dropped 21% to $8.73. Shares of several Chinese stocks traded lower amid Chinese President Xi winning his 3rd term and selecting loyalists to the Politburo Standing Committee. Some investors are concerned about increasing private sector and tech company regulation.
- NIO Inc. (NYSE:NIO) fell 20.4% to $8.94.
- ZTO Express (Cayman) Inc. (NYSE:ZTO) declined 20% to $17.16.
- JD.com, Inc. (NASDAQ:JD) shares dipped 18.6% to $34.31. Shares of several Chinese stocks traded lower amid Chinese President Xi winning his 3rd term and selecting loyalists to the Politburo Standing Committee. Some investors are concerned about increasing private sector and tech company regulation.
- Dada Nexus Limited (NASDAQ:DADA) fell 17.8% to $3.18.
- Melco Resorts & Entertainment Limited (NASDAQ:MLCO) dropped 17.4% to $5.10. Shares of several Chinese stocks traded lower amid Chinese President Xi winning his 3rd term and selecting loyalists to the Politburo Standing Committee.
- KE Holdings Inc. (NYSE:BEKE) fell 17% to $9.66.
- AMTD Digital Inc. (NYSE:HKD) dropped 16.8% to $23.28.
- Trip.com Group Limited (NASDAQ:TCOM) fell 16.7% to $19.94.
- Alibaba Group Holding Limited (NYSE:BABA) fell 16.4% to $60.33. Shares of several Chinese stocks traded lower amid Chinese President Xi winning his 3rd term and selecting loyalists to the Politburo Standing Committee.
- Baidu, Inc. (NASDAQ:BIDU) fell 16.2% to $76.43. Shares of several Chinese stocks traded lower amid Chinese President Xi winning his 3rd term and selecting loyalists to the Politburo Standing Committee.
- China Eastern Airlines Corporation Limited (NYSE:CEA) dropped 14.5% to $15.54.
- Las Vegas Sands Corp. (NYSE:LVS) fell 13.3% to $33.85 amid COVID restrictions in Guangzhou which is geographically close to the company's operations in Macao.
- Weibo Corporation (NASDAQ:WB) dropped 13% to $ 10.66.
- Tencent Music Entertainment Group (NYSE:TME) fell 12.5% to $3.3489.
- Yum China Holdings, Inc. (NYSE:YUMC) fell 12.1% to $39.67. Yum China announced the effectiveness of the company's voluntary conversion of its secondary listing status to a primary listing status on the Main Board of The Stock Exchange of Hong Kong Limited (HKEX).
- Vipshop Holdings Limited (NYSE:VIPS) fell 12.1% to $6.60.
- NetEase, Inc (NASDAQ:NTES) fell 11.5% to $55.19.
- JinkoSolar Holding Co., Ltd. (NYSE:JKS) dropped 10.5% to $40.36.
