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BABA, BIDU, JD, TCEHY: Chinese Stock Falling After Communist Party National Congress
FromSchwab Network
BABA, BIDU, JD, TCEHY: Chinese Stock Falling After Communist Party National Congress
FromSchwab Network
ratings:
Length:
8 minutes
Released:
Oct 25, 2022
Format:
Podcast episode
Description
There was a flash crash due to broker and fund managers not selling large blocks of shares around the Communist Party's National Congress, says Kevin Carter. He discusses the iShares China Large-Cap ETF (FXI), and how Chinese stocks are falling after the Communist Party National Congress. He highlights some major Chinese stocks such as Alibaba (BABA), Baidu (BIDU), JD.com (JD), and Tencent (TCEHY). He then goes over the impact of Xi Jinping remaining in power on Chinese markets. Tune in to find out more about the stock market today.
Released:
Oct 25, 2022
Format:
Podcast episode
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