Chinese Stocks Like Alibaba Aren’t Reacting Much to the Covid-19 Unrest. Not Yet.

Alibaba




JD.com


and more widely-held Chinese stocks were slipping lower on Monday—but they haven’t reacted all that much amid some of the worst social unrest to hit China in decades. At least not yet.

Shares in


Alibaba


(ticker: BABA) edged 1.5% lower in U.S. premarket trading on Monday, with e-commerce peer


JD.com


‘s (JD) stock down 1%. Other U.S.-listed Chinese stocks like


Nio


(NIO) exhibited much of the same price action. Meanwhile, futures tracking the


S&P 500


and tech-heavy


Nasdaq


fell about 0.7%.