Newsig · Forex News
Nike shares fall to 12-year low near $36 on China, tariffs, turnaround doubts
The fresh low, alongside back to back price target cuts from Telsey and Baird this week, suggests the market is losing patience with the pace of Nike's turnaround rather than reacting to any single new data point. With the stock now trading well below where fiscal 2026's roughly flat revenue would s
Why it matters
NKE (Nike) · Why linked: Shares hit a 12-year low on China demand weakness, tariff concerns, and turnaround execution doubts; price targets cut by Telsey and Baird Market context: bearish — combined China, tariff, and turnaround headwinds drag shares to multi-year lows
FXI (China Large-Cap) · Why linked: China demand weakness for Nike highlights broader consumer slowdown in Chinese market Market context: bearish — weak China consumer spending pressures China-exposed names
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