Chinese Stocks FALLING! Time to BUY? Alibaba, Baidu, Nio, Tencent, Xpeng
The perfect Storm is happening
The perfect Storm is happening today.
1. The Biden administration is considering imposing tougher sanctions on China’s largest chipmaker, according to people familiar with the situation, building on an effort to limit the country’s access to advanced technology.
2. FED will report on the speed of tapering and rate hikes for this year and the next 2.
3. High inflation and a lot of uncertainty. Investors are taking money of the stock market and waiting.
Alibaba (BABA), Baidu (BIDU), Tencent (TCEHY, 0700), NIO, XPeng (XPEV) and Li Auto (LI) are just some of the stocks dropping this week.
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⚠️⚠️⚠️#Stocks #China #Alibaba ⚠️⚠️⚠️
📝𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗜𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗳𝗼𝗿 𝗔𝗰𝗼𝗻𝗼𝗺𝗶𝗰𝘀 & 𝗟𝗶𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗗𝗶𝘀𝗰𝗹𝗮𝗶𝗺𝗲𝗿:
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