Reported about 5 hours ago
Chinese ADRs experienced significant declines on Monday, highlighted by a 10% drop in Alibaba's stock after President Trump issued an executive order raising concerns about financial and technological decoupling between the US and China. This selloff, prompted by fears surrounding restrictions on Chinese investments in US technology sectors, also negatively affected other Chinese stocks listed in the US, marking a stark contrast to their performance on Hong Kong and mainland exchanges. Despite the downturn, Alibaba's stock has risen over 50% this year, indicating broader fluctuations in the market amid geopolitical tensions.
Source: YAHOO