U.S.-listed China shares rise as investors shrug off delisting reports

China Automotive Systems

30/09/2019 15:18

Sept 30 (Reuters) - Shares of U.S.-listed Chinese stocks
rose on Monday, reversing from a sharp fall in the previous
session that was sparked by reports that the Trump
administration was considering delisting Chinese firms from U.S.
stock exchanges. 
    Alibaba Group Holding Ltd  BABA.N  and JD.Com Inc  JD.O 
shares rose 2% each in early trading. They had tumbled more than
5% after the reports said the potential moves aimed at limiting
the flow of U.S. capital to Chinese companies due to growing
security concerns about their activities.  urn:newsml:reuters.com:*:nL2N26I0X6
    Helping sentiment was White House trade adviser Peter
Navarro dismissing the reports as "fake news."
    "Over half of it was highly inaccurate or flat out false,"
Navarro told CNBC, when asked in particular about a Bloomberg
report on the matter.   urn:newsml:reuters.com:*:nW1N26G002
    Shares of small-cap Chinese firms such as China Automotive
 CAAS.O  and JMU Ltd  JMU.O  were among the biggest gainers
among Chinese stocks listed in the United States.     

 (Reporting by Shreyashi Sanyal in Bengaluru; Editing by Sriraj
Kalluvila)
 ((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780;))