China Stocks in U.S. Bounce as Dip Buyers Draw Line Under Rout

The Hang Seng China Enterprises Index, which tracks Chinese shares traded in Hong Kong, sank 6.6% Tuesday

(Bloomberg) — Chinese stocks traded on U.S. exchanges recouped some losses Tuesday as dip buyers emerged following a brutal 29% slump over 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. That came after the gauge posted its worst three-day drop on record amid renewed regulatory concerns, rising Covid cases and geopolitical tensions.