Dear readers, if you have been following the US stocks markets, you will have noticed that recently, a number of US technology stocks have taken a hit. And there are some of the China-based technology stocks which are listed on the US stock markets that have also taken a further hit due to the lacklustre ties between China and US.
Let us take a look at some of these China-based technology stocks listed in US and their year-to-date performance.
JD.Com’s current stock price: USD 78.71 which is -27.32% off its 52-high of USD 108.29.
AliBaba’s current stock price: USD 222.72 which is -30.25% off its 52-high of USD 319.32.
Tencent Music’s current stock price: USD 20.36 which is -36.7% off its 52-high of USD 32.25
Baidu’s current stock price: USD 204.57 which is -42.34% off its 52-high of USD 354.82.
Best Inc’s current stock price: USD 1.86 which is -68.1% off its 52-high of USD 5.83.
Are these US technology stocks including the above poised to drop further or is this a good opportunity to load up these technology stocks on the cheap?
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