The volatility in China's equities and
currency markets has been fodder for the Street in recent weeks. A
sharp drop in the Shanghai Composite overnight has the mainland front and center in today's trading -- and U.S.-listed China-based stocks such as
Alibaba Group Holding Ltd (NYSE:BABA),
JD.Com Inc (ADR) (NASDAQ:JD),
Kandi Technologies Group Inc (NASDAQ:KNDI),
Weibo Corp (ADR) (NASDAQ:WB),
Youku Tudou Inc (ADR) (NYSE:YOKU), and
YY Inc (ADR) (NASDAQ:YY) in focus.
BABA is off 1.7% at $74.28. This only echoes the equity's withstanding trajectory, with the security staring at a 28.6% year-to-date deficit, and fresh off
an earnings-induced record low of $71.03. While
analysts have begun changing their tune on the underperformer, there's still plenty of room for downgrades and/or price-target cuts. Eighty-seven percent of brokerages deem BABA a "buy" or better -- while the average 12-month price target of $96.63 sits in territory not charted since late January.
JD has been
tracking China's volatility of late, and today, the shares are down 3.2% at $26.49. While the stock has added 16.5% this year, JD has more recently been testing support in the $26.50 region -- an area that previously provided a foothold in early February.
KNDI has been a long-term laggard, down nearly 49% in 2015 -- and coming off
an absolutely terrible July. The stock plunged 2.4% out of the gate, but was last seen 0.6% lower at $7.05.
WB initially dropped 2% at the open, but has since climbed 0.3% higher to trade at $13.13. Longer term, the shares have surrendered 36% since hitting a year-to-date high of $20.70 in early June. WB could continue to be in focus tomorrow, with the company
slated to unveil second-quarter earnings after tonight's close.
YOKU, meanwhile, will report earnings tomorrow evening. Ahead of the event, the stock is down 3% at $17.84 -- but finding a foothold atop its year-to-date breakeven mark -- despite receiving an upgrade to "buy" from TH Capital.
Finally,
YY is off 1.8% at $61.52 -- and is
back in the red for 2015. Longer term, the shares have been wallowing beneath their 120-day moving average since early July.