U.S.-listed Chinese stocks drop 20% after Beijing’s power reshuffle makes the market ‘uninvestable’

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In this articlePGJFollow your favorite stocksCREATE FREE ACCOUNTMore and more Asian companies have announced share buybacks in recent weeks. Chinese internet giant Alibaba has said it will increase its share buyback program from $15 billion to $25 billion.Sheldon Cooper, SOPA Images | LightRocket | Getty ImagesShares of Chinese companies listed in the U.S. dropped sharply Monday…

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This article was originally published by Cnbc.com. Read the original article here.
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