🔴 JD.com is trading 4.24% down with no confirmed catalyst

JD.com is trading at $25.62, down 4.24%, with no confirmed catalyst identified.

• Reuters reported on October 21 that China ordered entities not to assist an EU probe involving JD.com’s proposed Ceconomy acquisition; the report did not link this to the share move.
• Hong Kong tech shares also weakened, but this does not establish the cause of the U.S. ADR’s decline.