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Chinese tech stocks are getting hit after report says Trump wants to go ahead with tariffs (BABA, IQ, NIO, JD, BIDU)

Chinese tech stocks are getting hit after report says Trump wants to go ahead with tariffs (BABA, IQ, NIO, JD, BIDU)
  • Chinese tech stocks are getting hit after report says Trump wants to go ahead with tariffs (BABA, IQ, NIO, JD, BIDU) FOU: Chinese tech stocks are getting hit after report says Trump wants to go ahead with tariffs (BABA, IQ, NIO, JD, BIDU)

    Chinese tech stocks slid after President Donald Trump reportedly OK’d hitting China with the next round of tariffs. Treasury secretary’s attempt to restart trade talks with Beijing and China welcomed the invitation on Thursday. China said it will not buckle to US demands in any trade negotiations, reported by Reuters. Watch Alibaba, iQiyi, JD.com, Baidu.com, Pinduoduo, Nio trade in…

  • Nio’s Share Surge Takes It From Carmaker to Tech Star FOU: Nio’s Share Surge Takes It From Carmaker to Tech Star

    Shares of China’s answer to Tesla jumped 76 percent in their second day of trading. Nio is now valued less like a manufacturer and more like an internet darling.

  • ‘Stab in back’ angers Ashley FOU: ‘Stab in back’ angers Ashley

    MIKE Ashley’s relationship with the City reached breaking point after the Sports Direct founder accused shareholders of stabbing him in the back. His anger boiled over two days after the retailer’s chairman Keith Hellawell announced before the annual meeting that he was stepping down, having been the target of protest…

  • Turkey's currency slides after Erdogan takes aim at its central bank for hiking rates FOU: Turkey’s currency slides after Erdogan takes aim at its central bank for hiking rates

    Turkey’s central bank raised its benchmark interest rate sharply Thursday. The Turkish lira rallied briefly, but fell after President Recep Tayyip Erdogan criticized the central bank for the move. Follow the Turkish lira in real time here. Turkey’s currency slid Friday as President Recep Tayyip Erdogan took aim at its…