US-listed Chinese stocks plummet as government crackdown rattles traders

Shares of three Chinese companies that recently went public on US exchanges plummeted on Tuesday as investors reacted to news that the Chinese government is investigating the tech firms.

Shares of ride-hailing giant Didi tanked more than 25 percent at the open Tuesday morning to about $12 per share. Full Truck Alliance, which bills itself as an Uber-like service for Chinese truckers, traded over 21 percent lower, at about $15.30, and shares of Kanzhun, an online recruiting app, fell 9 percent to about $33 per share.