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Benzinga
Benzinga
Business
Anusuya Lahiri

Chinese Stocks Sink As Bubble Fears Revive Memories Of 2015 Crash

Li Alibaba Baidu BABA Bridgewater PDD Stock Market
Economic,Bubble,Burst,And,Stock,Market,Speculation,Concept,And,Overvalued

U.S.-listed Chinese stocks slid on Wednesday as investors grew increasingly wary of parallels to the country’s 2015 stock market bubble, when a liquidity-driven rally pushed valuations far beyond economic fundamentals.

Shares of Alibaba Group Holding Ltd. (NYSE:BABA), Baidu Inc. (NASDAQ:BIDU), JD.com Inc. (NASDAQ:JD), PDD Holdings Inc. (NASDAQ:PDD), and electric-vehicle makers NIO Inc. (NYSE:NIO), Li Auto Inc. (NASDAQ:LI), and XPeng Inc. (NYSE:XPEV) all traded lower.

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