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Benzinga

Business

Henry Khederian

Here's Why Alibaba, JD.com, Nio And Pinduoduo Shares Are Falling

Alibaba JD.com NIO Pinduoduo NYSE

Shares of several Chinese companies, including Alibaba Group Holding Ltd - ADR (NYSE:BABA), JD.Com Inc (NASDAQ:JD) and Nio Inc - ADR (NYSE:NIO), are all trading lower amid overall market weakness. COVID-related restrictions in certain parts of China are also possibly impacting the sector.

Shares of several Chinese stocks have seen ongoing weakness in recent sessions amid a COVID-19 outbreak in the country which has caused some business operations to cease. Shares of Asia-Pacific stocks have also seen weakness in March as Russia-Ukraine tensions weigh on trader and investor sentiment.

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Appeals court reverses convictions in kidnapping and terrorism case involving 3-year-old boy's death

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One subscription that gives you access to news from hundreds of sites

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