(Bloomberg) -- US-listed China stocks were volatile on Friday after some of the Asian nation’s largest state-owned companies announced plans to delist from American exchanges amid a spat over audits and generally worsening tensions between the world’s top two economies.Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet Near War’s OnsetHow the US Toppled the World’s Most Powerful Gold TraderUkraine Latest: First UN Wheat Cargo Sets Sail for EthiopiaUS Lawmakers Visit Taiwan Af
The embattled stock of Alibaba Group Holdings (NYSE: BABA) hit more turbulence recently when the U.S. Securities & Exchange Commission listed the company as a potential candidate for delisting from the New York Stock Exchange. Delisting is a big deal, but investors shouldn't panic. Foreign companies that list on U.S. stock exchanges require auditing from the Public Company Accounting Oversight Board, which the Securities & Exchange Commission (SEC) oversees.
(Bloomberg) -- Five of China’s largest state-owned companies announced plans to delist from US exchanges as the two countries struggle to come to an agreement allowing American regulators to inspect audits of Chinese businesses.Most Read from BloombergAnshu Jain, Deutsche Bank Chief in a Pivotal Era, Dies at 59Trump Search’s Revelations Open New Political Front for MidtermsExtreme Heat Uncovers Lost Villages, Ancient Ruins and ShipwrecksAuthor Salman Rushdie Stabbed on Lecture Stage in New York‘