Majority of Popular US-Listed Chinese Stocks Decline on June 26th; TSMC and Alibaba Among Losers

Deep News
14 hours ago

On June 26th, the majority of popular US-listed Chinese stocks closed lower, with the Nasdaq Golden Dragon China Index finishing down 2.74%.

Stocks that advanced, listed from highest to lowest market capitalization, included: ASE Technology (ASX) up 1.23%, Chunghwa Telecom up 0.63%, Silicon Motion Technology up 1.12%, Kingsoft WPS up 0.36%, JOYY up 0.79%, Vistance Network up 0.56%, China Yuchai International up 2.56%, NetEase Youdao up 2.80%, Canadian Solar up 5.61%, Yuanbao up 1.64%, Sky up 0.23%, ZKH Group up 9.83%, Uxin up 2.53%, and Xunlei up 3.50%.

Stocks that declined, listed from highest to lowest market capitalization, included: Taiwan Semiconductor Manufacturing (TSM) down 1.32%, Alibaba (BABA) down 4.74%, PDD Holdings Inc (PDD) down 3.22%, NetEase (NTES) down 2.40%, United Microelectronics down 1.00%, Baidu (BIDU) down 3.55%, JD.com (JD) down 1.14%, Trip.com Group Limited (TCOM) down 12.55%, and ZTO Express down 0.73%.

In early trading hours Beijing time on the 26th, the three major US stock indices closed mixed. A decline in Apple's stock price offset positive sentiment from Micron Technology's strong earnings report.

The Nasdaq Composite fell 0.46% to close at 25,358.60 points, marking its first four-day losing streak since February of this year. The S&P 500 index edged down 0.01%, closing at 7,357.49 points. The Dow Jones Industrial Average gained 71.72 points, or 0.14%, to finish at 51,920.62 points.

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