---
title: "Weekly Recap | Xunlei -5.99%, underperforming the S&P 500"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/300853159.md"
description: "Xunlei (XNET) fell 5.99% this week to close at $4.71, while the S&P 500 slipped just 0.27%, leaving the stock about 5.72 percentage points behind the benchmark. The week opened at $5.01 on Monday and drifted lower, hitting a week-low of $4.53 intraday on Thursday before a modest bounce to $4.71 on Friday. Weekly amplitude came in at 9.78%, well above recent norms."
datetime: "2026-10-03T08:08:30.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/300853159.md)
  - [en](https://longbridge.com/en/news/300853159.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/300853159.md)
generator: "portal-rs"
---

# Weekly Recap | Xunlei -5.99%, underperforming the S&P 500

## The Week

Xunlei (XNET) fell 5.99% this week to close at $4.71, while the S&P 500 slipped just 0.27%, leaving the stock about 5.72 percentage points behind the benchmark. The week opened at $5.01 on Monday and drifted lower, hitting a week-low of $4.53 intraday on Thursday before a modest bounce to $4.71 on Friday. Weekly amplitude came in at 9.78%, well above recent norms.

## Key Events

There were no company-specific earnings or major partnership announcements this week. Market attention centred on the broader US-listed China cohort. One item on 29 September touched on Netflix animation lifting a toy giant, with limited direct relevance to Xunlei’s core business. Two subsequent items on 2 and 3 October ranked top movers among major Chinese ADRs, with Xunlei appearing on the decliners’ list. Volume stood out: average daily turnover reached 231,400 shares, roughly 12% above the 60-day median, and Thursday alone saw 390,200 shares change hands, the heaviest session of the week.

## The Week Ahead

The macro calendar is busy. On 5 October, the US S&P Global services PMI final and ISM non-manufacturing PMI are due, followed by international trade data on 6 October and two EIA crude inventory reports on 7 October. These readings will shape risk appetite for Chinese ADRs and could feed through via currency and commodity channels. For Xunlei itself, no earnings date is on the calendar, so the focus remains on any company-level updates and the broader sector mood.

## In Short

This week paired a sharp pullback with elevated turnover. On valuation, the price-to-book ratio sits around 0.31x, a low level; yet the negative trailing P/E signals ongoing earnings pressure. The latest session’s flow data show large-lot money as a net seller while medium and small orders were net buyers, a divergence of institutional exit against retail absorption. Low valuation against weak profit momentum leaves the next question as whether earnings can stabilise and whether sentiment toward Chinese ADRs improves.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**