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Alibaba, other Chinese stocks drop on report White House considering China investment limits
hares of Alibaba and other Chinese companies plunged in a sudden move after reports the White House is considering ways to limit U.S. investments in China. Bloomberg News reported on Friday Trump administration officials are weighing delisting Chinese companies from American stock exchanges and putting a limit on U.S. government pension funds’ exposure to the Chinese market. Alibaba shares dropped 5% on the report. Baidu and JD.com also traded lower. Those shares all trade on Nasdaq. The iShares China Large-Cap ETF dropped 1% in a sudden move. The ETF’s biggest holdings are China Construction Bank and Tencent ... (full story)