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The Netflix of China is getting hammered for a 3rd straight day

7 monthes ago   |   By

Markets Insider iQiyi shares are losing ground for the third straight day.
The Treasury Department is reportedly cracking down on Chinese investment in US tech, and many Chinese tech stocks are down.
iQiyi likely saw some technical selling Thursday and Friday, after shares doubled over the past month.
Watch iQiyi trade in real time here.
iQiyi is dropping for the third straight day, trading down 7.52%.
On Monday, the Wall Street Journal reported that the US Treasury Department is drawing up rules that would prevent firms with 25% or more Chinese ownership from investing in US companies...
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Stocks are getting slammed following report the Trump administration is thinking about curbing Chinese investment in some American firms

Stocks are getting slammed following report the Trump administration is thinking about curbing Chinese investment in some American firms

7 monthes ago   |   By

REUTERS/Jonathan Ernst
All three major US indices were lower early Monday.
The Nasdaq fell nearly 2%.
The selloff came after Trump administration said it could bar investment in US companies from countries that "are trying to steal our technology."
Stocks fell in early trading Monday, with the tech-heavy Nasdaq Composite index shedding nearly 2%, amid reports of protectionist policy pushes by the Trump administration that are ramping up trade tensions on multiple fronts.
Here is the scoreboard as of 11:15 a.m. ET: See the rest of the story at Business Insider NOW WATCH: What having a dog...
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Stocks are getting slammed following report the Trump administration is thinking about curbing Chinese investment in some American firms

Stocks are getting slammed following report the Trump administration is thinking about curbing Chinese investment in some American firms

7 monthes ago   |   By

REUTERS/Jonathan Ernst
All three major US indices were lower early Monday.
The Nasdaq fell more than 1.5%.
The selloff came after Trump administration said it could bar investment in US companies from countries that "are trying to steal our technology."
Stocks fell in early trading Monday, with the tech-heavy Nasdaq Composite index shedding more than 1.5%, amid reports of protectionist policy pushes by the Trump administration that are ramping up trade tensions on multiple fronts.
Here is the scoreboard as of 11:15 a.m. ET: See the rest of the story at Business Insider NOW WATCH: What...
Read more ...

 

Chinese tech stocks are sinking after report says the Treasury Department is looking to block Chinese companies from investing in US companies involved with 'industrial significant technology'

Chinese tech stocks are sinking after report says the Treasury Department is looking to block Chinese companies from investing in US companies involved with 'industrial significant technology'

7 monthes ago   |   By

REUTERS/Kim Kyung-Hoon
The US Treasury Department is drawing up rules that would prevent firms with 25% or Chinese ownership from invest in US companies involved with "industrial significant technology."
Chinese tech stocks are getting whacked on the news.
Chinese tech stocks are falling Monday after a Wall Street Journal report said the US Treasury Department is drawing up rules that would prevent firms with 25% or Chinese ownership from invest in US companies involved with "industrial significant technology."
The development comes as the two countries have already been engaged in an...
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