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Xi’s power move punishes Chinese stocks, pushing them down as much as 26% in one day

By: MarketWatch
Pinduoduo led a group of U.S.-listed Chinese stocks lower.
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Alibaba Group Holding Ltd Baidu.com SP ADR Bilibili Inc. - American Depositary Shares Full Truck Alliance Co. Ltd. American Depositary Shares (each representing 20 GDS Holdings Limited - American Depositary Shares H World Group Limited - American Depositary Shares HUTCHMED (China) Limited - American Depositary Shares JD.com, Inc. - American Depositary Shares KANZHUN LIMITED - American Depository Shares KE Holdings Inc American Depositary Shares (each representing three Class A Li Auto Inc. - American Depositary Shares Lufax Holding Ltd American Depositary Shares NIO Inc. American depositary shares NetEase, Inc. - American Depositary Shares, each representing 5 ordinary shares PDD Holdings Inc. - American Depositary Shares Tencent Music Entertainment Group American Depositary Shares Trip.com Group Limited - American Depositary Shares Vipshop Holdings Limited American Depositary Shares XPeng Inc. American depositary shares Yum China Holdings, Inc. Common Stock ZTO Express (Cayman) Inc. American Depositary Shares Zai Lab Limited - American Depositary Shares
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