U.S.-listed Chinese firms tumble as Trump weighs delisting, other curbs

Baozun

27/09/2019 19:11

(Updates)
    ** Shares of U.S-listed Chinese companies slumps fall
sharply on reports the Trump administration is weighing the
possibility of delisting Chinese firms from U.S. exchanges 
    ** Move would be part of a broader effort to limit U.S.
investments into China, a source told Reuters, confirming an
earlier report by Bloomberg  urn:newsml:reuters.com:*:nL2N26I134
    ** Alibaba Group Holding Ltd  BABA.N , JD.com Inc  JD.O ,
Baidu Inc  BIDU.O , Vipshop Holdings Ltd  VIPS.N , Baozun Inc
 BZUN.O , IQIYI Inc  IQ.O , NetEase Inc  NTES.O , Pinduoduo Inc
 PDD.O , fall between ~3% and 7.4%
    ** Weibo Corp  WB.O  dips ~5%, while that of Sina Corp
 SINA.O  down 4% and Momo Inc  MOMO.O  and YY Inc  YY.O  off ~8%
    ** Electric car maker Nio Inc  NIO.N  and gaming-based
company Huya Inc  HUYA.N  falls ~11% while Bilibili Inc  BILI.O 
down ~6% respectively
    ** Fast food chain operator Yum China Holdings  YUMC.N  dips
~4% while coffee chain Luckin Coffee  LK.O  down 7.2%
    ** TAL Education Group  TAL.N  down 4.2% and Autohome Inc
 ATHM.N  drops 6.4% 
    ** iShares China Large-Cap ETF  FXI.P  down 1.2%
    ** 156 Chinese firms listed on the U.S. exchanges NASDAQ,
New York Stock Exchange, and NYSE American as of Feb. 25, 2019,
according to U.S.-China Economic and Security Review Commission
data

 (Reporting by Soundarya J in Bengaluru)
 ((soundarya.j@thomsonreuters.com;  Twitter: https://twitter.com/Soundarya9615;))