Chinese stocks listed on U.S. exchanges recouped some losses on Tuesday as dip buyers emerged following a brutal 29% slump in the past three days that erased $207 billion in market value.
The Nasdaq Golden Dragon China Index bounced in tandem with a broader market rally and closed 5% higher after rising as much as 8% earlier in the day. This came after the gauge posted its worst three-day drop on record amid renewed regulatory concerns, rising Covid cases and geopolitical tensions.
