Chinese ADRs Retreat as Slowdown Concern Saps Consumer CompaniesBy
Online retailer JD.com contributes most to ADR index decline
Biggest ETF tracking mainland shares declines for second day
Chinese stocks trading in New York slumped for the seventh time in eight days, led by consumer shares, as a report showing industrial companies’ profits dropped the most since 2011 stoked concern the magnitude of the country’s economic slowdown is worsening.
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