Cedears: Tesla sank almost 13% while Chinese companies soared

Cedears: Tesla sank almost 13% while Chinese companies soared

The rises of the oil companies happened in line with the price of a barrel of oil that reached a maximum of three weeks. At closing it cut profits. The barrel of the WTI variety fell 0.2% and traded at US$79.40; while the Brent rate rose 0.4%, at US$84.30.

The main decrease, for its part, was for Tesla (-12.3%). Tesla’s shares hit a more than two-year low on Wall Street after reports that the electric vehicle maker plans to run a reduced production schedule at its Shanghai plant until January.

They also went down hard. Coinsabe (-6.6%) and Bradesco bank (-3.7%). Among the most traded Cedears ETFs, the largest rise was for the XLE (+2.9%), and the main fall (-2.7%).

Meanwhile, the Wall Street benchmark, the S&P 500, and the Nasdaq fell. Mega-Cap Growth Stocks Apple, Alphabet and Amazon.com were down between 1% and 1.5% by an increase in US Treasury bond yields.

US-listed shares of Chinese companies including JD.Com, Alibaba Group and Pinduoduo rose between 2% and 3.8%.after China said it will stop requiring travelers to enter a quarantine from January 8.

Source: Ambito

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