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China Stocks Drop In U.S. Ahead Of Fed Action On Inflation; Alibaba, BiliBili Plunge 10% – The Conservative Investor Daily

June 14, 2022
Source: theconservativeinvestordaily.com theconservativeinvestordaily.com
News Snapshot:
view original post It was a rough day for U.S. investors in China stocks. (Photo by Noam Galai/Getty Images) Getty Images Shares in many of China’s best-known companies plunged on the Nasdaq and New York Stock Exchange today as part of a steep selloff amid worries about rising interest rates and slower growth in the United States, the world’s largest economy. The Nasdaq lost 4.7% and S&P 500 lost 3.9% as U.S. stocks fell into bear market territory. Besides a possible slowdown in U.S. and global economic growth that would hurt exporters, China stocks have the added pressure of continued...
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