Why Tesla Stock Slumped With Li Auto, Tencent Music, and Hutchmed
Monday was a volatile day for the stock markets, but some stocks from across different sectors were hammered black and blue and plunged sharply as the day progressed. For example, here's how some names were faring as of 2:20 p.m. ET:
There's one common link between each of these stocks: China. And there's one hot stock that also took a hit because of China but for a different reason: Tesla (NASDAQ: TSLA), shares of which traded 4% lower as of 2:20 p.m. ET Monday.
The past few months have been trying times for investors in Chinese stocks. It started with the China Evergrande Group fiasco and widespread regulatory crackdown on tech companies. Now, Chinese stocks listed in the U.S. could be on the verge of delisting.
Source Fool.com
