Nio stock dives below $10, Alibaba hits 6 1/2-year low as Xi’s power move fuels fears
The U.S.-listed shares of China-based companies were rocked Monday, as China President Xi Jinping’s moves to consolidate power fueled fears that current policies that have led to a slowing economy will continue. Chinese leader Xi was named over the weekend to a third, five-year term as general secretary, ignoring the custom of stepping down after … Read more
