Chinese tech stocks plunge after US names companies for potential delisting
CNN
Popular Chinese tech stocks have plunged after the US regulator named five Chinese companies that could be removed from American stock markets for failing to meet audit requirements.
Alibaba (BABA) fell more than 6% Friday in Hong Kong. Its US-listed stock ended down 7.9% on Thursday.
JD.com (JD) plummeted nearly 17% in Hong Kong, after closing 16% lower on Wall Street. Baidu (BIDU) was down 5%, following a 6.3% drop in the United States.
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