Alibaba, China Tech Stocks Slide As Trade War Fears Intensify

U.S.-listed shares of Chinese tech stocks tumbled further Monday amid a widening planetary marketplace caused by concerns implicit the commercialized war. Alibaba (BABA) banal fell much than 5% successful greeting enactment — adding to caller declines aft a beardown commencement to 2025.

Alibaba banal fell further beneath its 50-day moving mean to 107.56 successful caller trades connected the banal marketplace today. That marks the e-commerce and cloud-computing giant's lowest constituent since aboriginal February.

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Meanwhile, U.S.-listed shares of Chinese net hunt elephantine Baidu (BIDU) were down a fraction. Temu genitor institution PDD Holdings' (PDD) American depositary receipts were down astir 2%. Alibaba e-commerce rival JD.com (JD) was disconnected much than 3% aboriginal though it recovered immoderate of that by midmorning. China tech elephantine Tencent's (TCEHY) over-the-counter U.S. trades were down much than 5%.

The unsmooth time comes arsenic China has vowed a 34% retaliatory tariff connected each goods imported from the U.S. starting April 10. The determination comes aft President Donald Trump past week slapped a 34% tariff hike connected Chinese goods, bringing his full levies against China-made products to 54%. China besides restricted exports of certain rare-earth minerals, among different measures aimed astatine retaliation.

"Beijing appears preparing for negotiations by putting much bargaining chips connected the array careless of whether Trump volition bid much levies," Evercore ISI's China probe squad wrote successful a lawsuit enactment implicit the weekend.

The escalating commercialized warfare roiled planetary markets, with Hong Kong's Hang Seng Index falling 13%, its largest regular percent driblet since the 1997 Asian fiscal crisis, according to Dow Jones Market Data. Hong Kong trading was closed Friday.

Hong Kong-listed shares of Alibaba fell 18% Monday.

Policymakers successful China are discussing accelerating stimulus plans successful effect to the tariffs, according to a Bloomberg report.

Alibaba Stock: Slide Dents 2025 Rally

China tech stocks started the twelvemonth strong, arsenic the abrupt emergence of DeepSeek successful China helped ignite excitement among investors. Stocks were besides helped by views that user spending was recovering amid authorities stimulus efforts.

But caller commercialized warfare concerns are biting into the rally for China tech stocks. U.S.-listed Alibaba banal is down 28% from a three-year precocious of 148.43 that the banal deed successful mid-March. The banal is inactive up much than 35% truthful acold year-to-date however.

Baidu banal has slumped much than 20% from a 2025 precocious of 105.19 successful mid-March. JD banal is disconnected much than 30% from caller highs successful aboriginal March.

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