Angelica Ballesteros
1 min read
In This Article:
We recently published a list of Investors Are Dumping These 10 Stocks. In this article, we are going to take a look at where WeRide Inc. (NASDAQ:WRD) stands against other worst-performing stocks on Wednesday.
WeRide Inc. (NASDAQ:WRD) saw its share prices drop by 4.63 percent to close at $9.16 apiece as investors sold off positions to mitigate risks from the escalating trade tensions between the US and China.
The pessimistic sentiment came after US President Donald Trump’s new social media post on Wednesday, expressing his frustration with China, saying that Chinese President Xi Jinping is “very tough and extremely hard to make a deal with.”
A pick-up and delivery truck speeding down a busy city street.
The new development casted doubts over an expected potential phone call between the two leaders this week, with fears spilling over to stocks of Chinese companies, including WeRide Inc. (NASDAQ:WRD).
US states’ delisting calls of Chinese companies also triggered concerns. In a recently issued statement, Comptroller Elise Nieshalla of Indiana said that there is a growing risk posed by China-based companies due to widespread failures to meet US transparency, accounting, and standards.
Indiana joined 20 other states in calling for the delisting of from the US stock market.
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Disclosure: None. This article is originally published at Insider Monkey.
