Geopolitics Alpha

Who Keeps Crashing China’s Stock Market?

Published . Updated .

Key takeaways

  • Exposed: FXI, BABA, NTES, JD, BIDU
  • Market reaction: BABA +5.7% on the day (still updating); FXI +4.3% on the day (still updating); BIDU +4.7% on the day (still updating)

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GEOPOLITICS ALPHAWho Keeps Crashing China’s StockMarket?GEOPOLITICS ALPHA

This report is about China.

Directly affected

  • No company is named in this report.

Indirectly affected

  • FXI iShares China Large-Cap ETF-5.1% 30d

    iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“china”).

  • BABA Alibaba Group Holding-6.5% 15d

    Alibaba Group Holding (business services) is one of the largest China-based companies traded in the US, so news about China (“china”) reaches its shares.

  • NTES NetEase

    NetEase (prepackaged software) is one of the largest China-based companies traded in the US, so news about China (“china”) reaches its shares.

  • JD JD.com+0.1% 8d

    JD.com (retail stores) is one of the largest China-based companies traded in the US, so news about China (“china”) reaches its shares.

  • BIDU Baidu-9.5% 30d

    Baidu (computer programming, data processing, etc.) is one of the largest China-based companies traded in the US, so news about China (“china”) reaches its shares.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
FXI-2.21%-0.21%base+4.29%after closeafter closeafter close
BABA+0.64%-2.29%base+5.74%after closeafter closeafter close
NTES-3.26%-2.21%base+4.12%after closeafter closeafter close
JD-5.51%-4.53%base+3.34%after closeafter closeafter close
BIDU+3.26%-0.77%base+4.66%after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Who Keeps Crashing China’s Stock Market? Bloomberg.com

Source: Bloomberg

How far Ishares China Large-Cap Etf (FXI) has moved since 4 Nov 2026

CompanyWhenMoveStatus
Alibaba Group Holding (BABA)that day+5.74%still updating
Alibaba Group Holding (BABA)three days earlier-2.29%final price
Alibaba Group Holding (BABA)five days earlier+0.64%final price
Baidu (BIDU)that day+4.66%still updating
Baidu (BIDU)three days earlier-0.77%final price
Baidu (BIDU)five days earlier+3.26%final price
Ishares China Large-Cap Etf (FXI)that day+4.29%still updating
Ishares China Large-Cap Etf (FXI)three days earlier-0.21%final price
Ishares China Large-Cap Etf (FXI)five days earlier-2.21%final price
JD.com (JD)that day+3.34%still updating
JD.com (JD)three days earlier-4.53%final price
JD.com (JD)five days earlier-5.51%final price
NetEase (NTES)that day+4.12%still updating
NetEase (NTES)three days earlier-2.21%final price
NetEase (NTES)five days earlier-3.26%final price

Members of Congress who traded Ishares China Large-Cap Etf (FXI) near this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who is named in “Who Keeps Crashing China’s Stock Market?”

Companies tied to this story

  • FXI Ishares China Large-Cap Etf

    For “Who Keeps Crashing China’s Stock Market?,” Ishares China Large-Cap Etf (FXI) is linked, with no stored direction, medium confidence. Reason on file: iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“china”)

  • BABA Alibaba Group Holding

    In “Who Keeps Crashing China’s Stock Market?,” Alibaba Group Holding (BABA) is linked, with no stored direction, medium confidence. Reason on file: Alibaba Group Holding (business services) is one of the largest China-based companies traded in the US, so news about China (“china”) reaches its shares

  • NTES NetEase

    In “Who Keeps Crashing China’s Stock Market?,” NetEase (NTES) is linked, with no stored direction, medium confidence. Reason on file: NetEase (prepackaged software) is one of the largest China-based companies traded in the US, so news about China (“china”) reaches its shares

  • JD JD.com

    In “Who Keeps Crashing China’s Stock Market?,” JD.com (JD) is linked, with no stored direction, medium confidence. Reason on file: JD.com (retail stores) is one of the largest China-based companies traded in the US, so news about China (“china”) reaches its shares

  • BIDU Baidu

    In “Who Keeps Crashing China’s Stock Market?,” Baidu (BIDU) is linked, with no stored direction, medium confidence. Reason on file: Baidu (computer programming, data processing, etc.) is one of the largest China-based companies traded in the US, so news about China (“china”) reaches its shares

How “Who Keeps Crashing China’s Stock Market?” reaches Ishares China Large-Cap Etf (FXI)

The 4 Nov 2026 story “Who Keeps Crashing China’s Stock Market?” names Ishares China Large-Cap Etf (FXI) because of this story.

For Ishares China Large-Cap Etf (FXI), the reason on file says iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“china”)

Alibaba Group Holding (BABA) is here too. Its reason reads: Alibaba Group Holding (business services) is one of the largest China-based companies traded in the US, so news about China (“china”) reaches its shares

Price levels for Ishares China Large-Cap Etf (FXI)

BABA traded between 99.59 and 120.30 across 12 sessions. The latest close on file is 100.27. FXI traded between 32.14 and 34.36 across 20 sessions. The latest close on file is 33.21.

How solid “Who Keeps Crashing China’s Stock Market?” looks

40 out of 100Price not final

“Who Keeps Crashing China’s Stock Market?” scores 40 out of 100. The score uses 1 sources, and 5 linked companies. The price is not final yet.