Research
Arete Downgrades JD.com to Neutral From Buy, Adjusts PT to $30 From $36
JD.com (JD) has an average rating of buy and mean price target of $39.59, according to analysts polled by FactSet.
$JD
$JD
25 stories mentioning JDUpdated 5d ago
Every FINWIRES story that references JD, newest first.
What are analysts saying about JD?
Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.
What's the latest news on JD?
US Markets
Temu Parent PDD Second-Quarter Earnings Top Views; Revenue Falls Short
PDD (PDD) reported second-quarter earnings ahead of Wall Street estimates on Monday even as operating expenses rose annually, though revenue fell short of expectations.The Chinese e-commerce platform posted adjusted earnings of 19.33 renminbi ($2.88) per American depositary share for the June quarter, down from 22.07 renminbi the year before. The FactSet-polled consensus was for 18.45 renminbi.PDD's Nasdaq-listed American depositary receipts edged 0.5% higher in Monday trade. The company owns the Pinduoduo social commerce platform in China and Temu, an e-commerce marketplace in North America.Revenue gained 8% to 112.36 billion renminbi, but trailed the Street's view of 115.09 billion renminbi. Revenue from online marketing services improved to 57.64 billion renminbi from 55.7 billion renminbi in the prior-year period, while transaction services climbed 13% to 54.72 billion renminbi."Total revenue came in below consensus mainly due to softer transaction service partially offset by better online marketing," Jefferies equity analysts Thomas Chong and Zoey Zong said in a note emailed toon Monday. The consensus for transaction services revenue growth was about 22%, according to the brokerage.Total operating expenses rose 13% to 36.58 billion renminbi, mainly due to higher sales and marketing costs, PDD said."We stepped up our ecosystem investments in the second quarter," Vice President of Finance Jun Liu said. "At this stage, our priority is helping merchants thrive and strengthening the broader industry ecosystem."Last week, Chinese e-commerce giant Alibaba (BABA) reported weaker-than-expected fiscal first-quarter earnings as it continued to spend heavily to build artificial intelligence infrastructure. Earlier in August, JD.com (JD) recorded second-quarter results above expectations.In the US, Amazon.com (AMZN) reported second-quarter results ahead of market views last month amid cloud-computing business strength. E-commerce company eBay (EBAY) beat quarterly estimates earlier in August.Price: $88.42, Change: $+0.04, Percent Change: +0.04%
$AMZN$BABA$EBAY$JD$PDD
Wire
Market Chatter: China Pushes Back Against EU Probe Into JD.com's Ceconomy Takeover
China has ordered entities not to assist with the European Union's investigation into JD.com's (JD) proposed acquisition of German electronics retailer CECONOMY AG, after calling the probe an exercise of improper extraterritorial jurisdiction, according to media reports Wednesday.China's Ministry of Justice said the EU had sought extensive and unnecessary information from within China as part of its investigation, describing the request as a serious violation of international law, Reuters reported.The ministry also warned that China would retaliate if the EU continued its actions, according to the report.The EU opened an in-depth review of JD.com's proposed acquisition of CECONOMY in May, citing concerns that the Chinese e-commerce company may have benefited from foreign subsidies that could distort competition in the European Union.JD.com did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $28.98, Change: $+0.16, Percent Change: +0.54%
$JD
Asia Markets
Asian Equities Traded in the US as American Depositary Receipts Marginally Higher in Thursday Trading
Asian equities traded in the US as American depositary receipts were marginally higher Thursday morning, edging up 0.03% to 3,022.75 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by education company Four Seasons Education (FEDU) and music streaming service Tencent Music Entertainment Group (TME), which advanced 13% and 2.9%, respectively. They were followed by tech company Xunlei (XNET) and biopharmaceutical company Zai Lab (ZLAB), which rose 2.7% and 2.6%, respectively.The decliners from North Asia were led by automotive marketplace Token Cat (TC) and online retailer JD.com (JD), which dropped 7.7% and 5.2%, respectively. They were followed by real estate management and digital security company Eason Technology (DXF) and media company Phoenix New Media (FENG), which lost 2.8% and 2.7%, respectively.From South Asia, the gainers were led by computer hardware maker Canaan (CAN) and telecommunications operator Telekomunikasi Indonesia (TLK), which increased 2.5% and 0.6%, respectively. They were followed by IT firm Wipro (WIT) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 0.5% and 0.4%, respectively.The decliners from South Asia were led by tech conglomerate Sea (SE) and lender ICICI Bank (IBN), which fell 2.3% and 0.9%, respectively.
$CAN$DXF$FEDU$FENG$IBN$JD$RDY$SE$TC$TLK$TME$WIT$XNET$ZLAB
Sectors
Sector Update: Consumer Stocks Edge Higher Premarket Thursday
Consumer stocks were edging higher premarket Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) marginally advancing and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.3%.Tapestry (TPR) shares were down more than 10% even after the company reported higher fiscal Q4 non-GAAP earnings and net sales.JD.com (JD) stock was down more than 2% after the company posted a decline in Q2 net revenue.Birkenstock (BIRK) stock was up more than 11% after the company reported higher fiscal Q3 adjusted earnings and revenue.
$BIRK$JD$TPR$XLP$XLY
Asia Markets
Asian Equities Traded in the US as American Depositary Receipts Edge Lower in Tuesday Trading
Asian equities traded in the US as American depositary receipts were edging slightly lower Tuesday morning, declining 0.14% to 3,020.40 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by diagnostic imaging centers company Concord Medical Services (CCM) and biopharmaceutical company Zai Lab (ZLAB), which rose 5.5% and 5.4% respectively. They were followed by education company 17 Education & Technology Group (YQ) and game live-streaming service HUYA (HUYA), which advanced 4.2% and 3.9% respectively.The decliners from North Asia were led by music streaming service Tencent Music Entertainment Group (TME) and electric vehicle maker NIO (NIO), which dropped 12% and 6% respectively. They were followed by online retailer JD.com (JD) and video-sharing platform Bilibili (BILI), which were down 4.8% and 4.7% respectively.From South Asia, the gainers were led by tech conglomerate Sea (SE) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which climbed 11% and 3.1% respectively. They were followed by computer hardware maker Canaan (CAN) and lender HDFC Bank (HDB), which increased 1.4% and 1% respectively.The decliners from South Asia were led by telecommunications operator PT Telekomunikasi Indonesia (TLK) and IT firm Sify Technologies (SIFY), which lost 1.7% and 0.7% respectively. They were followed by IT company Wipro (WIT) and telecommunications operator PLDT (PHI), which were off 0.5% and 0.3% respectively.
$BILI$CAN$CCM$HDB$HUYA$JD$NIO$PHI$RDY$SE$SIFY$TLK$TME$WIT$YQ$ZLAB
Asia Markets
Asian Equities Traded in the US as American Depositary Receipts Fall Sharply in Tuesday Trading
Asian equities traded in the US as American depositary receipts were falling sharply Tuesday morning, down 1.49% to 2,857.68 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by automotive company Honda Motor (HMC) and online retailer JD.com (JD), which rose 3.4% and 2.6% respectively. They were followed by fintech firm High Templar Tech (HTT) and social media video platform JOYY (JOYY), which were up 2.1% and 1.8% respectively.The decliners from North Asia were led by semiconductor company Silicon Motion Technology (SIMO), which tumbled 10%. It was followed by semiconductor companies ASE Technology (ASX) and Himax Technologies (HIMX), which fell 8.3% and 7.4% respectively.From South Asia, the gainers were led by IT firms Infosys (INFY) and Wipro (WIT), which advanced 3.1% and 1% respectively. They were followed by lender HDFC Bank (HDB) and telecommunications operator PLDT (PHI), which increased 0.4% and 0.3% respectively.The decliners from South Asia were led by computer hardware maker Canaan (CAN) and IT firm Sify Technologies (SIFY), which dropped 8% and 1.4% respectively. They were followed by lender ICICI Bank (IBN) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were off 0.4% and 0.2% respectively.
$ASX$CAN$HDB$HIMX$HMC$HTT$IBN$INFY$JD$JOYY$PHI$RDY$SIFY$SIMO$WIT
Asia Markets
Asian Equities Traded in the US as American Depositary Receipts Rise in Friday Trading
Asian equities traded in the US as American depositary receipts were higher on Friday morning, up 0.6% to 2,936.67 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by financial group KB Financial (KB) and cloud services provider Kingsoft Cloud (KC), which jumped 6.7% and 5.6%, respectively.They were followed by tech giant Alibaba (BABA) and e-commerce company JD.com (JD), which climbed 3.3% and 2.6%, respectively.The decliners from North Asia were led by consumer finance platform LexinFintech (LX) and fintech company Qfin (QFIN), which fell 8.5% and 6.1%, respectively.They were followed by semiconductor companies ASE Technology (ASX) and United Microelectronics (UMC), which dropped 3.1% and 3%, respectively.From South Asia, the gainers were led by tech conglomerate Sea (SE) and computer hardware maker Canaan (CAN), which gained 5.4% and 4.5%, respectively.The decliners from South Asia were led by IT service management company Trident Digital Tech (TDTH), which fell past 10%, followed by pharmaceutical company Dr Reddy's Laboratories (RDY), which shed 5.2%.
$ASX$BABA$CAN$JD$KB$KC$LX$QFIN$RDY$SE$TDTH$UMC
Sectors
Sector Update: Consumer Stocks Edge Higher Pre-Bell Friday
Consumer stocks were edging higher pre-bell Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) and State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advancing by 0.1%.AutoZone (AZO) stock was up more than 1% after the company said it agreed to issue $850 million of 4.95% notes due July 15, 2031 and that the underwriting group will buy the debt securities at about 99.31% of the principal amount.JD.com (JD) unit JD Property-backed group is preparing to confidentially file for an initial public offering of a real estate investment trust in Singapore, Bloomberg reported, citing people familiar with the matter. Shares of JD.com were up more than 1% premarket.Amazon.com (AMZN) closed the sale of eight tranches of debt worth $24.92 billion, the company said. Amazon.com stock was 0.6% higher pre-bell.
$AMZN$AZO$JD$XLP$XLY
Wire
JD.com Shares Fall After Daiwa Downgrade
JD.com (JD) shares fell 3.4% in Tuesday trading after Daiwa downgraded the stock to hold from buy and cut its price target to $27 per share from $47.Trading volume stood at over 5.7 million shares compared with a daily average of about 9.7 million.Price: $26.11, Change: $-0.91, Percent Change: -3.39%
$JD
Research
Daiwa Downgrades JD.com to Hold From Buy, Adjusts Price Target to $27 From $47
JD.com (JD) has an average rating of overweight and mean price target of $39.89, according to analysts polled by FactSet.Price: $26.32, Change: $-0.70, Percent Change: -2.61%
$JD
Asia Markets
Update: US Equity Futures Rise Pre-Bell After US Says Strikes Completed Against Iran
(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were higher pre-bell Thursday as the US said it completed attacks against Iran after another round of "self-defense strikes."Dow Jones Industrial Average futures were 0.5% higher, S&P 500 futures were up 0.4%, and Nasdaq futures were 0.7% higher.The strikes, which started after a US Army Apache helicopter was shot down on Wednesday, were conducted at the direction of President Donald Trump, US Central Command said in an X post. Iran responded with attacks on Kuwait and Bahrain, while Israel warned of launches from Lebanon.Trump later told Fox News that he had spoken directly with Iranian officials, who had asked him to stop bombing.Traders watched the latest round of earnings, with Oracle (ORCL) posting higher fiscal Q4 adjusted earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.5% at $93.52 per barrel and US West Texas Intermediate crude 0.7% higher at $90.66 per barrel.The US Producer Price Index, released at 8:30 am ET, rose by 1.1% in May following a similar increase in April, above the 0.7% gain expected in a survey compiled by Bloomberg. The weekly jobless claims bulletin showed 229,000 new unemployment claims for the week ended June 6, compared with the 225,000 in the prior week and above the 220,000 expected.In other world markets, Japan's Nikkei closed 0.1% higher, Hong Kong's Hang Seng ended 0.7% lower, and China's Shanghai Composite finished 0.2% lower. Meanwhile, the UK's FTSE 100 was up 0.6%, and Germany's DAX index was 0.2% higher in Europe's early afternoon session.In equities, Oracle stock was down 11% after the company said it plans to raise about $40 billion via debt and equity issuances in fiscal 2027, including its previously announced $20 billion stock sale. Alibaba (BABA) and JD.com (JD) shares fell 4.5% and 2.3%, respectively, following media reports of complaints by Chinese regulators over allegedly misleading promotions.On the winning side, Tesla's (TSLA) stock was up 0.9% after Belgian government official Annick De Ridder said that the company's full self-driving technology has been approved in the country. Applied Materials (AMAT) shares rose 4.2% after the company said it has expanded its manufacturing and R&D operations in Singapore with a $500 million facility in Tampines to support AI-driven semiconductor demand. Novartis (NVS) stock was up 2.4% after the company said the phase I/II study of its experimental therapy, del-brax, met both primary and key secondary endpoints in patients with facioscapulohumeral muscular dystrophy.
Dow JonesNasdaq CompositeS&P 500$AMAT$BABA$JD$NVS$ORCL$TSLA
Asia Markets
Tentative US-Iran Ceasefire Extension Agreement Nudges US Equity Futures Higher Pre-Bell
US equity futures edged higher pre-bell Friday as traders monitored developments on the peace negotiations between US and Iran, with the two countries reportedly agreeing on a memorandum of understanding to extend the ceasefire by 60 days.Dow Jones Industrial Average futures were 0.3% higher, S&P 500 futures were up 0.1%, and Nasdaq futures were flat.The memorandum still has to be approved by President Donald Trump, and Iran has not yet given a response to the latest version. Vice President JD Vance said the talks are making progress but still ongoing, while Treasury Secretary Scott Bessent confirmed that the negotiation teams have been "going back and forth."Iran reportedly fired missiles at unidentified targets on Thursday while the Pentagon said Iran had launched a ballistic missile towards Kuwait and deployed attack drones in the Strait of Hormuz.Traders also digested the latest round of earnings, with Costco Wholesale (COST) posting higher fiscal Q3 earnings and revenue late Thursday.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.7% at $91.14 per barrel and US West Texas Intermediate crude 1.5% lower at $87.58 per barrel.The US advance international trade in goods deficit narrowed to $82.40 billion in April from $85.27 billion in March, according to data released by the US Census Bureau.The Chicago purchasing managers index for May, due at 9:45 am ET, is seen coming in at 50.3, up from its prior value of 49.2.Federal Reserve Vice Chair Michelle Bowman, Philadelphia Fed President Anna Paulson, and San Francisco Fed President Mary Daly are slated to speak on Friday.In other world markets, Japan's Nikkei closed 2.5% higher, Hong Kong's Hang Seng ended 0.7% higher, and China's Shanghai Composite finished 0.7% lower. Meanwhile, the UK's FTSE 100 was up 0.2%, and Germany's DAX index was flat in Europe's early afternoon session.In equities, Dell Technologies (DELL) shares were up 33% after the company reported higher fiscal Q1 non-GAAP net income and revenue that surpassed analysts' consensus. IBM (IBM) stock was 4.4% higher after the company said in a filing that it plans to invest more than $10 billion over the next five years to support quantum computing development. CoreWeave (CRWV) shares rose 1.4% after the company said it launched new agentic artificial intelligence capabilities designed to connect AI model training and inference in a continuous feedback loop to improve performance over time.On the losing side, Autodesk (ADSK) shares were down 6.6% after multiple analyst price target cuts, including those by RBC and BMO Capital. JD.com (JD) stock was 1.1% lower after the European Commission said it launched an in-depth investigation over the company's proposed acquisition of Ceconomy due to concerns that foreign subsidies may have distorted the deal process.
Dow JonesNasdaq CompositeS&P 500$ADSK$COST$CRWV$DELL$IBM$JD
Sectors
Sector Update: Consumer Stocks Mixed Pre-Bell Thursday
Consumer stocks were mixed pre-bell Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.1% lower.Dollar Tree (DLTR) shares were up more than 18% after the company posted higher fiscal Q1 adjusted earnings and revenue, and raised its fiscal 2026 adjusted EPS guidance.Best Buy (BBY) stock was up more than 9% after the company reported higher fiscal Q1 adjusted earnings and revenue.JD.com (JD) is under an in-depth investigation by the European Commission over its proposed acquisition of Ceconomy due to concerns that foreign subsidies may have distorted the deal process, the agency said. JD.com shares were down more than 2% premarket.
$BBY$DLTR$JD$XLP$XLY
Wire
Market Chatter: JD.com Faces EU Probe Into Ceconomy Bid
JD.com's (JD) 2.2 billion-euro ($2.56 billion) bid for German electronics retailer Ceconomy faces an in-depth foreign-subsidies investigation by the EU, the Financial Times reported, citing people familiar with the matter.The move, expected to be announced later this week, would give Brussels an additional 90 working days to examine whether the transaction involves unfair subsidies, the report said.The deal had been expected to close in H1, the report said.Beijing-based JD.com did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $29.89, Change: $-0.63, Percent Change: -2.07%
$JD
Wire
JD.com's Takeover of Ceconomy Faces EU Probe, Financial Times Reports
JD.com's Takeover of Ceconomy Faces EU Probe, Financial Times Reports
$JD
Asia Markets
Asian Equities Traded in the US as American Depositary Receipts Modestly Lower in Tuesday Trading
Asian equities traded in the US as American depositary receipts were tracking modestly lower Tuesday morning, declining 0.30% to 2,817.60 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by online game developer The9 (NCTY) and lender Sumitomo Mitsui Financial Group (SMFG), which rose 2.3% and 2.1% respectively. They were followed by tech company Alibaba Group (BABA) and online retailer JD.com (JD), which advanced 1.9% and 1.8% respectively.The decliners from North Asia were led by real estate and digital tech company Eason Technology (DXF) and video display maker LG Display (LPL), which shed 15% and 5.8% respectively. They were followed by mobile app developer Cheetah Mobile (CMCM) and semiconductor company ASE Technology (ASX), which were down 4% and 3.5% respectively.From South Asia, the gainers were led by IT firm Infosys (INFY), which increased 2.5%, followed by IT company Wipro (WIT) and tech conglomerate Sea (SE), which were up 0.8% and 0.1% respectively.The decliners from South Asia were led by computer hardware maker Canaan (CAN) and fintech firm Trident Digital Tech (TDTH), which dropped 12% and 7.1% respectively. They were followed by lender ICICI Bank (IBN) and IT company Sify Technologies (SIFY), which lost 1.8% and 1.5% respectively.
$ASX$BABA$CAN$CMCM$DXF$IBN$INFY$JD$LPL$NCTY$SE$SIFY$SMFG$TDTH$WIT
Wire
Top Midday Stories: Cisco Shares Soar as Guidance Tops Consensus; Alibaba, JD Reportedly Cleared to Buy Nvidia H200 AI Chips
All three major US stock indexes were up in late-morning trading Thursday, as investors monitor news emanating from President Donald Trump's meeting with Chinese President Xi Jinping in Beijing.In company news, Cisco Systems (CSCO) reported fiscal Q3 adjusted earnings late Wednesday of $1.06 per diluted share, up from $0.96 a year earlier and above the FactSet consensus analyst estimate of $1.03. Fiscal Q3 revenue was $15.8 billion, up from $14.1 billion a year ago and above the FactSet consensus of $15.6 billion. For fiscal Q4, Cisco said it expects Q4 adjusted EPS of $1.16 to $1.18 on revenue of $16.7 billion to $16.9 billion. Analysts polled by FactSet expect $1.08 and $15.8 billion, respectively. Cisco shares were up 15.0% around midday.Alibaba (BABA) and JD.com (JD) are among the roughly 10 Chinese companies that have secured US clearance to buy Nvidia's (NVDA) H200 artificial intelligence chips, though no deliveries have been made yet, Reuters reported Thursday, citing three people familiar with the matter. Alibaba and JD shares were down 1.9% and 2.1%, respectively. Nvidia shares were up 4.6%.Chinese President Xi Jinping told the chief executives of Apple (AAPL), Tesla (TSLA), Nvidia and other large companies that China will "open wider" to doing business, CNBC reported Thursday, citing a report from state-backed newspaper Xinhua. Apple shares were up 0.1%, while Tesla shares were up 0.8%.Biogen (BIIB) said Thursday that a phase 2 study evaluating diranersen in patients with early Alzheimer's disease did not meet its primary endpoint evaluating dose response for change from baseline on the Clinical Dementia Rating-Sum of Boxes at Week 76. Biogen shares were down 5.0%.Price: $117.40, Change: $+15.53, Percent Change: +15.24%
$AAPL$BABA$BIIB$CSCO$JD$NVDA$TSLA
Asia Markets
US Equity Futures Rise Pre-Bell After S&P 500, Nasdaq Set New Highs Amid US-China Meeting
US equity futures were rising pre-bell Thursday as technology stocks drove new record highs for the S&P 500 and the Nasdaq Composite while traders kept a close eye on the high-stakes meeting between US President Donald Trump and Chinese leader Xi Jinping.Dow Jones Industrial Average futures were 0.8% higher, S&P 500 futures were up 0.4%, and Nasdaq futures were 0.3% higher.On Wednesday, the S&P 500 advanced nearly 0.6% to close at 7,444.25, while the Nasdaq Composite rose 1.2% to end at 26,402.34, with both setting new closing records. Cisco Systems (CSCO) shares were up 15% after the company posted higher fiscal Q3 results and announced restructuring plans that included lay-offs of nearly 4,000 employees.At the start of a two-day summit, Xi told Trump that US-China trade talks were progressing positively, but warned that disagreement over Taiwan could lead to a dangerous situation and even cause conflict.Traders also mulled the latest round of earnings, with Brookfield (BN) reporting higher Q1 distributable earnings and revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.7% at $104.90 per barrel and US West Texas Intermediate crude 0.7% lower at $100.33 per barrel.US retail sales rose by 0.5% in April, as expected in a survey compiled by Bloomberg as of 7:35 am ET and following the previous month's 1.6% gain.US import prices rose by 1.9% in April, above the 1% increase expected in a survey compiled by Bloomberg as of 7:35 am ET and faster than a 0.9% gain in March.US initial jobless claims rose to a level of 211,000 in the week ended May 9 from a downwardly revised 199,000 level in the previous week, compared with expectations for a smaller increase to 205,000 in survey of analysts compiled by Bloomberg.Federal Reserve Kansas City President Jeffrey Schmid, Cleveland President Beth Hammack, New York President John Williams, and Governor Michael Barr are slated to speak on Thursday.In other world markets, Japan's Nikkei closed 1% lower, Hong Kong's Hang Seng ended flat, and China's Shanghai Composite finished 1.5% lower. Meanwhile, the UK's FTSE 100 was up 0.4%, and Germany's DAX index was 1.3% higher in Europe's early afternoon session.In equities, Nvidia (NDA), Applied Materials (AMAT), and Marvell Technology (MRVL) joined Cisco in an upswing of technology stocks that lifted the market. Nvidia stock was up 2.1%, Applied Materials shares rose 1.9%, and Marvell stock was up 2.8%.On the losing side, Alibaba (BABA) and JD.com (JD) shares were down 3.1% and 1.7%, respectively, after a Reuters report said that they were among the roughly 10 Chinese companies that have secured US clearance to purchase Nvidia's H200 artificial intelligence chip, without a single delivery being made so far.
Dow JonesNasdaq CompositeS&P 500$AMAT$BABA$BN$CSCO$JD$MRVL$NVDA
Asia Markets
Asian Equities Traded in the US as American Depositary Receipts Wednesday Surge Higher in Wednesday Trading
Asian equities traded in the US as American depositary receipts were surging higher Wednesday morning, climbing 1.87% to 2,896.53 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by internet and data center services provider VNET Group (VNET) and video display maker LG Display (LPL), which surged 29% and 8.6% respectively. They were followed by online retailer JD.com (JD) and semiconductor company Himax Technologies (HIMX), which climbed 6% and 3.3% respectively.The decliners from North Asia were led by online game developer The9 (NCTY) and data centers and crypto assets company Token Cat (TC), which lost 3.3% and 3.2% respectively. They were followed by lender Shinhan Financial Group (SHG) and streaming music service Tencent Music Entertainment Group (TME), which dropped 2.8% and 2.2% respectively.From South Asia, the only gainers were pharmaceutical company Dr. Reddy's Laboratories (RDY) and telecommunications operator Telekomunikasi Indonesia (TLK), which rose 2.7% and 0.7% respectively.The decliners from South Asia were led by fintech firm Trident Digital Tech (TDTH) and IT firm Infosys (INFY), which fell 12% and 2.3% respectively. They were followed by computer hardware maker Canaan (CAN) and IT firm Wipro (WIT), which were down 1.7% and 1.3% respectively.
$CAN$HIMX$INFY$JD$LPL$NCTY$RDY$SHG$TC$TDTH$TLK$TME$VNET$WIT
Showing 1-20 of 25
