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@ Layer3.news
2025-02-25 01:43:41
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CHINESE ADRS TUMBLE ON TRUMP ORDER, LED BY 10% PLUNGE IN ALIBABA
https://media.zenfs.com/en/bloomberg_technology_68/37678b4109e39cc4163857047a66cab6
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✍️ Chinese stocks tumbled in US trading on Monday, led by Alibaba Group Holding Ltd.'s biggest selloff since 2022, after President Trump's latest directive on financial and technological decoupling.
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👉 Alibaba Group Holding Ltd.'s American depositary receipts closed down 10%, the biggest decline since October 2022.
👉 The Nasdaq Golden Dragon China Index tumbled 5.2%, with Bilibili Inc. and JD.com Inc. among stocks that slid more than 7%
👉 Trump's directive includes limiting Chinese spending on technology and reviewing foreign companies' ownership structures
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#DonaldTrump #NeoWang #China #HongKong #US #politics
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