There are some troubling signs coming out of the Chinese stock market. But one of the darkest signs comes from watching the CSI 300 index, an index that follows the 300 leading stocks of both the Shenzhen Stock Exchange and the Shanghai Stock Exchange, which continues to fall.
Baidu (NASDAQ:BIDU), JD.com (NASDAQ:JD), and the Kraneshares CSI China Internet ETF (NYSEARCA:KWEB) are all down fractionally in Friday afternoon’s trading, while Tencent Holdings (OTC:TCEHY) is down around 1.5%. The only one to buck the trend, Alibaba (NYSE:BABA), is up, but only fractionally in the session.
With the CSI 300 down to a four-year low in just last week’s trading, it’s not surprising to see many of the firms comprising that average taking a pounding from investors. Analysts, however, are surprisingly upbeat. Alibaba again bucked the trend, with analysts suggesting that it may be risky, but it might be a good long-term play. Baidu,…
