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Chinese concept stocks plummeted by more than 9%, total market value evaporated by more than 100 billion U.S. dollars | Didi Travel | Tencent | Suning

December 5, 2021
Source: breakinglatest.news breakinglatest.news
News Snapshot:
[Epoch Times December 05, 2021](Epoch Times reporter Li Jing comprehensive report) After the US’s “Foreign Company Accountability Act” (HFCAA) was officially implemented, Chinese concept stocks listed in the US plummeted on Friday (3rd). The total market value lost US$108.3 billion overnight. Didi Chuxing, which is about to delist from the US stock market, fell 22%. The U.S. Securities and Exchange Commission (SEC) announced on Thursday (December 2) that it passed an amendment to regulations requiring Chinese companies listed in the U.S. to disclose more information. Affected by this, the Chinese concept stocks listed in the United States plummeted on Friday....
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