$BYD COMPANY(01211)$ why is BYD plunging when their revenue beat Tesla's?? Granted that their operating costs went up but still surely doesn't warrant such a drop??
I wouldn't call -11% a plunge since it recently went up 80% in 6 trading days. And it's now back up 5% in post market.😁
Stock Track | Bilibili Shares Plunge Over 11% as U.S.-Listed Chinese Stocks Retreat
Shares of Bilibili Inc., a popular Chinese video-sharing and entertainment platform, plummeted by 11.26% on October 3, 2024, joining a broader sell-off in U.S.-listed Chinese stocks. The sharp decline came after a recent surge fueled by China's economic stimulus measures, as investors reassessed the valuations of these Chinese American Depositary Receipts .The sell-off in Bilibili's shares mirrored the movement in Hong Kong stocks, which fell on Thursday after taking a pause from the rally drive
$BILIBILI-W(09626)$ is up more than 80% since the announcement of the stimulus package! 😱 This is honestly the most insane China rally ever. All the other China stocks have been shooting up EVERYDAY for consecutive 7 trading days. I wonder what will eventually make China Stocks have a correction. Earnings? 2nd announcement of the measures?