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04.02.2025 20:12:00
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Why Chinese Stocks Alibaba, Tencent, and PDD Holdings Were Rallying Despite a Tariff War
Shares of Chinese e-commerce stocks Alibaba (NYSE: BABA), Tencent (OTC: TCEHY), and PDD Holdings (NASDAQ: PDD) were rallying on Tuesday, up 4.7%, 4.1%, and 8.8%, respectively, as of 1 p.m. ET.It seems counterintuitive that Chinese stocks would be rising, given that China just announced countermeasures today as a response to U.S. President Donald Trump putting a new 10% tariff on goods imported from China. However, given the negotiated delays on tariffs for imports from other countries and what might be perceived as a mild response by China, the new "tariff war" may be less severe than investors had anticipated.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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Aktien in diesem Artikel
| Alibaba | 111,60 | -0,53% |
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| Pinduoduo (spons. ADRs) | 97,40 | -1,42% |
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| Tencent Holdings Ltd Unsponsored American Deposit Receipt Repr 1 Sh | 56,00 | -0,88% |
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| Tencent Holdings Ltd | 56,80 | -0,86% |
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