Latest / China Economy with Fexingo: Beijing's Policies, Trade, and Asia-Pacific Markets
Why China Tech Stocks Are Tumbling Despite Strong Earnings
In mid-August 2026, Chinese tech stocks listed in the US are in the middle of a sharp sell-off. JD.com has fallen more than 11% in just five days, PDD is down nearly 8%, and the KWEB ETF has dropped over 6%. This comes even as many of these companies have reported solid earnings and as the yuan holds steady at 6.75 per dollar. In this episode, Lucas and Luna unpack what's really driving the sell-off, from rotation into AI winners to profit-taking after a strong run and lingering regulatory uncertainty. They also explore what a potential Anthropic IPO and Steve Eisman's warning about…
The skinny
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