Chinese tech giants Tencent and Alibaba suffer stock declines due to trade war and economic slowdown

From Google: 2025-03-10 07:11:48

China’s technology giant Tencent is facing a major setback as its shares plunge by 4.8% due to the ongoing trade war between the US and China. Alibaba shares also fell by 3.9%, sparking concerns about the impact of tariffs on Chinese stocks.

The decline in Tencent and Alibaba stocks is not solely attributed to tariffs, but also to the slowing Chinese economy. The country’s GDP growth has fallen to 6.2%, the lowest in nearly three decades, affecting investor confidence in Chinese companies.

China’s economic slowdown has led to a decrease in consumer spending, affecting tech companies like Tencent and Alibaba. The trade war with the US has exacerbated the situation, causing further instability in the Chinese stock market.

As tensions between the US and China persist, investors are becoming increasingly wary of Chinese stocks. The uncertainty surrounding trade negotiations and the impact of tariffs is contributing to the decline in share prices of major Chinese companies like Tencent and Alibaba.



Read more at Google: Temu Owner PDD and Alibaba Stocks Fall. It Isn’t Just Tariffs Dragging Down China Shares. – MSN