CHINA-US: CHINESE STOCKS DECLINE IN US STOCK EXCHANGE
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Writing in the Diplomat, New York City financial analyst Chutian Zhou said (May 26) while the U.S. stock market is recovering amid the COVID-19 pandemic, but the Chinese companies listed in the country have just received a severe blow. Last week, China’s e-commerce giant Alibaba’s stock (NYSE: BABA) fell about 8 percent in three days (from a May 19 high of $217 to a May 22 low of $200). Baidu, a major Chinese internet company, saw its stock drop 6 percent on May 22. Sina and JD.com experienced sudden share drops as well.
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