# Why China Tech Stocks Are Routed Despite Strong Earnings

Page: https://stenobird.com/podcast/china-economy-with-fexingo-beijing-s-policies-trade-and-asia-pacific-markets-7871760/why-china-tech-stocks-are-routed-despite-strong-earnings
Text version: https://stenobird.com/podcast/china-economy-with-fexingo-beijing-s-policies-trade-and-asia-pacific-markets-7871760/why-china-tech-stocks-are-routed-despite-strong-earnings.md
Podcast: [China Economy with Fexingo: Beijing's Policies, Trade, and Asia-Pacific Markets](https://stenobird.com/podcast/china-economy-with-fexingo-beijing-s-policies-trade-and-asia-pacific-markets-7871760)
Published: 2026-06-26T06:37:13+00:00
Episode link: https://audio.fexingo.com/business/china-economy/episode-0075.mp3
Audio file: https://audio.fexingo.com/business/china-economy/episode-0075.mp3
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Duration seconds: 427

## Resource

On June 26, 2026, Chinese tech stocks listed in the U.S. are in freefall: Alibaba down 11.2% in five days, JD.com down 8.6%, Baidu off 7%. This comes on the heels of what many analysts called a solid earnings season. Lucas and Luna unpack the disconnect, focusing on two forces: the global tech sell-off triggered by South Korea's Kospi sinking 8% and SoftBank plunging 13%, and a deeper structural concern — that Chinese tech giants are caught between trade war uncertainty and a weakening yuan. They drill into Alibaba's specific position: strong cloud revenue, but slowing e-commerce growth and exposure to consumer spending softness. They also discuss the yuan's decline to 6.77 per dollar and what that means for tech margins. The episode closes with a question: is this a buying opportunity or a structural repricing? No hot takes — just a clear-eyed look at the numbers. #ChinaTech #Alibaba #JDcom #Baidu #FXI #KWEB #MCHI #TechSellOff #YuanWeakness #TradeWar #SoftBank #Kospi #EarningsSeason #CloudComputing #EConsumer #Economics #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

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