Didi Sends Warning to China Investors Who Bet Worst Was Over
- Delisting plan took several longtime backers by surprise
- ‘Capital will only go where there’s confidence,’ Le Cornu says
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Even by the volatile standards of Chinese stocks, the swings in Didi Global Inc. on Friday were extraordinary.
In the span of just a few hours, shares of the ride-hailing giant flipped from a 16% gain to a 12% loss, bounced back into positive territory, then turned lower yet again. And that was all before the opening bell in New York.