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Wait A Minute Before Buying Alibaba, JD On The Dip: Barron's

Chinese stocks are looking tempting following some declines in the past two weeks, but traders could get an even lower buying opportunity in the weeks ahead.

That's according to a Barron's article today

More Pressure: The cancelled Ant Group IPO and a rotation in the stock market have pushed down Chinese stocks in the past two weeks, with Alibaba Group Holding Ltd (NYSE: BABA) down 11% and JD.com Inc (NASDAQ: JD) down 6%, Barron's said. New regulations in Beijing that put the brakes on the Ant IPO have spooked investors who wonder what other Chinese internet companies might be affected.

More pressure also could come from a possible final round of measures against China from the outgoing administration of U.S. President Donald Trump. 

On Nov. 12, Trump signed an executive order adding more Chinese companies to a list of firms

Full story available on Benzinga.com

This post was originally published on this site

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