Sinopec, U.S.- Listed China Stocks Wobble Amid NYSE Exit Woes
(Bloomberg) — U.S.-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.
China Life Insurance Co., PetroChina Co. and China Petroleum & Chemical Corp. were among the decliners on the Nasdaq Golden Dragon China Index after they all disclosed their intentions to delist. The three firms all fell 1.5% or more on Friday.
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