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China Stocks Drop In U.S. Ahead Of Fed Action On Inflation

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by , 06-15-2022 at 06:40 AM (281 Views)
      
   
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China’s best-known e-commerce stocks fell. Among them, Alibaba lost 10.3% to $98.52, and Pinduoduo dropped 9.2% to $54.41, both worse than the percentage declines in the Nasdaq and S&P.
Social media BiliBili also had 10% of its value wiped out, falling to $23.49. Search engine Baidu lost 7.7% to $131.88.

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