Investors Lose Taste for Chinese Consumer Stocks

  • 📰 WSJ
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Surging commodity prices—triggered by the war in Ukraine—threaten to eat into profits, while Covid-19 lockdowns dent demand

Surging commodity prices—triggered by the war in Ukraine—threaten to eat into profits, while Covid lockdowns dent demand

Chinese tech stocks popular among U.S. investors have tumbled amid the country’s regulatory crackdown on technology firms. WSJ explains some of the new risks investors face when buying shares of companies like Didi or Tencent. Photo Composite: Michelle Inez SimonHONG KONG—In recent years, shares in Chinese companies selling everyday goods like milk, beer and rice crackers have been a safer bet than new-economy businesses such as online platforms and electric-car makers.

That advantage has faded so far in 2022, as surging commodity prices—triggered by the war in Ukraine—threaten to eat into profits of consumer-product makers, and fresh Covid-19 lockdowns in the world’s second-largest economy have dented demand for some goods.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The USA has created a Nazi puppet state hostile to Russia near its border. By analogy with Hitler's Germany and the half-million army. War was inevitable.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

AMC, GME and meme stocks are back in the spotlight --- How will professional traders handle it this time around?Retail investors are fueling a renewed surge by meme stocks, but professional investors appear better prepared, says a firm that tracks individual investor...
Source: MarketWatch - 🏆 3. / 97 Read more »

Asian stocks rise amid investor hopes for progress on Ukraine-Russia talksAsian stock markets followed Wall Street higher on Wednesday as talks on ending Russia's war on Ukraine appeared to make progress.
Source: MarketWatch - 🏆 3. / 97 Read more »

Asia-Pacific Stocks Mixed as Investors Watch Russia-Ukraine SituationHong Kong-listed shares of China Evergrande Group’s electric vehicle unit are set to resume trading on Wednesday, the company announced Tuesday.
Source: NBCDFW - 🏆 288. / 63 Read more »