Major dual-listed Chinese technology shares trading in Hong Kong were hammered on Thursday as fears some companies could be de-listed from U.S. stock exchanges resurfaced.
On Wednesday, the U.S. Securities and Exchange Commission adopted a law called the Holding Foreign Companies Accountable Act. Alibaba was down over 4% at 1:04 p.m. Hong Kong time, Baidu tanked over 8%, JD.com fell over 4% and NetEase was nearly 3% lower. A trader works on the floor of the New York Stock Exchange after the opening bell of the trading session in New York, U.S., March 13, 2020.GUANGZHOU, China — Major dual-listed Chinese technology shares trading in Hong Kong were hammered on Thursday amid fears that some companies could be de-listed in the U.S.
It’s stupid, investors are not philanthropists. They invest because it make sense financially
Wow they just don’t get it, it’s not your land or territory seezh
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