Shares of Chinese companies, including JD.Com Inc JD, Pinduoduo Inc - ADR PDD and Bilibili Inc - ADR BILI, are all trading lower, selling off following marked strength Wednesday amid reports indicating China's financial stability and development committee urged market stability measures.
Shares of several Chinese stocks have seen weakness amid a COVID-19 outbreak in the country which has caused some business operations to cease. Shares of Asia-Pacific stocks have also seen weakness in March as Russia-Ukraine tensions weigh on trader and investor sentiment.
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JD.com is trading lower by 7.5% at $59.27.
Pinduoduo is trading lower by 10.6% at $38.11.
Bilibili is trading lower by 13.4% at $24.09.
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