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

Financial

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…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Limited Time 15% Promo!
Joe Biden’s quick visit to Canada will leave some Liberals wanting more
3.6 million people worked in forest-based activities
Are Western Mountain Towns Ready For The Coming Flames?
With New Build America Buy America Guidance on Construction Materials, Contractors Should Be More Proactive with Compliance – MarketScale
Logging, forest loss may have set ancient B.C. landslides back in motion, experts say