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

March 11, 2022
Source: businessinsider.nl businessinsider.nl
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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Tags: accounting | Alibaba | audit | books | Business | China | Chinese | commission | delist | delisting | e-commerce | ETF | finance | financial | financials | foreign exchange | franchise | Giant | Heading | Internet | KFC | online shopping | stocks | technology | Yum

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