Dear readers, just last Friday, I shared how Chinese US technology stocks have been trading lowly due to a combination of factors, chief of which was the passing of a US legislation that will debar Chinese companies listed on the US stock exchange if they do not meet the US audit requirements.
Let us take a look at how these Chinese companies have fared.
JD.Com:
USD 78.71 (25 Mar 21)
Now (1 Apr 21): USD 84.31 or 7.1 % increase
AliBaba:
USD 222.72 (25 Mar 21)
Now (1 Apr 21): USD224.36 or 0.74% increase
Tencent Music:
USD 20.36 (25 Mar 21)
Now (1 Apr 21): USD 20.11 or 1.23% decrease
Baidu:
USD 204.57 (25 Mar 21)
Now (1 Apr 21): USD 219.79 or 7.4 % increase
Best Inc:
USD 1.86 (25 Mar 21)
Now (1 Apr 21): USD 1.92 or 3.23% increase
As we could note from the above, many of the above Chinese technology stocks have since ralleiud with JD.com and Baidu stock each has rallied by more than 7% since trading at the low prices. So for investors who have gone into these stocks at low prices when others are apprehensive, congratulation to you!
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
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