Movement Alert|JD-SW Falls 3.03% in Regular Trading, Overnight US Tech Selloff Drags Down Chinese Concept Stocks

Market Focus
Sep 25

On September 25, JD-SW fell 3.03% in regular trading, trading at HK$102.7/share, with turnover of HK$112 million. The decline came as overnight weakness in US equities transmitted risk-off sentiment to Hong Kong-listed Chinese internet names.

On September 23 (US time), US major indices closed broadly lower, with the Nasdaq Composite down 1.13%, the S&P 500 down 0.75%, and the Dow Jones down 0.68%. US 10-year Treasury yields surged 15.08 basis points to 5.112%, pressuring growth and technology stocks globally. The Nasdaq China Golden Dragon Index fell over 1%, with Alibaba, Baidu, NetEase, and JD.com all posting declines of over 1% in US trading, setting a negative tone for the Hong Kong session.

Within the Internet and Direct Marketing Retail sector where JD-SW belongs, the sector weakened broadly. Among individual stocks, JD Health down 3.74%, BABA-W down 3.0%, PA GoodDoctor down 2.32%, Meituan-W down 2.21%, and Ali Health down 1.95%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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