U.S.-Listed Chinese Stocks Plunge

What’s new: U.S.-listed Chinese stocks slumped on Monday with internet giants and electric-vehicle (EV) makers among the hardest-hit.

The Nasdaq Golden Dragon China Index of 65 Chinese stocks plunged a record 14% to close at its lowest level since April 2013.

Some of China’s biggest internet companies including Alibaba Group Holding Ltd., JD.com Inc. and Baidu Inc. lost at least 12%, while Pinduoduo Inc. dived 25%.

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