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U.S.-Listed Chinese Stocks Lose $80 Billion In Value As Didi Delisting Crashes Prices

December 4, 2021
Source: nativenewspost.com nativenewspost.com
News Snapshot:
Topline Shares of Chinese tech giants trading in the United States posted stunning losses Friday amid intensifying concerns over U.S. regulatory efforts to ramp up financial disclosures for foreign entities after ride-hailer Didi Global’s catastrophic trading debut this year, yielding one-day losses of more than $80 billion for the ten largest U.S.-listed Chinese stocks. Key Facts Heading up the Friday plunge, Didi shares had plummeted 18% by 12:30 p.m. EST, wiping out $7 billion in market value after the embattled Beijing-based firm [announced](//www.businesswire.com/news/home/20211202006040/en/DiDi-Announces-Recent-Developments) it would begin removing its shares from the New York Stock Exchange and instead list on the...
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