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Why Baozun Stock Just Crashed 17%

·1 min read
Why Baozun Stock Just Crashed 17%
In this article:
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If you own shares of Baozun, you can blame Credit Suisse for that -- and also the Chinese government. In a note out this morning, Credit Suisse "double downgraded" Baozun, tumbling the stock's rating all the way from "outperform" to "underperform" (i.e. Why did Credit Suisse decide to downgrade Baozun -- and so dramatically?