US-Listed China Stocks See $100 Billion Wipeout in Jittery Month
- Nasdaq Golden Dragon China Index down over 10% in April
- Traders cut bets on Chinese stocks amid heightened US tensions
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US-listed Chinese stocks have lost over $100 billion in market value in April as concerns over geopolitical tensions eclipse optimism about the Asian giant’s economy.
American depositary receipts of internet giants from Alibaba Group Holding Ltd. to JD.com Inc. slid Tuesday and sent the Nasdaq Golden Dragon China Index lower for a sixth straight session, notching the benchmark’s longest streak of losses in more than a year. Following a plunge of over 10% since the end of March, the gauge is heading toward its worst month since October.