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Alibaba and other Chinese stocks plummet after the SEC identifies 5 companies for potential delisting

News Snapshot:

– Alibaba plunged as much as 10% on Thursday after the SEC identified five potential Chinese stocks for potential delisting from US exchanges. – One of the stocks identified by the SEC included Yum China, which fell as much as 15%. – The companies identified by the SEC for potential delisting can respond with information to prevent the delisting. The US Securities and Exchange Commission is taking a tough look at Chinese stocks and investors are taking notice. Popular Chinese stocks like Alibaba plunged as much as 10% on Thursday after the regulatory agency identified five Chinese companies for potential…

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