Chinese Stock Rally in U.S. Stalls on Growth, Delisting Concerns

(Bloomberg) — U.S.-traded Chinese stocks extended losses Friday as worries over the tech sector’s earnings and the risk of companies being kicked off U.S. exchanges brought a halt to a recent revival.

The Nasdaq Golden Dragon China Index closed 4.7% lower, after falling 1.7% in the prior session. E-commerce giant Alibaba Group Holding Ltd. slid 1.9% on Friday, while internet peers JD.com, Baidu Inc. and Pinduoduo Inc. each dropped more than 1.5%.