Chinese stocks were tumbling Monday, extending a selloff from last week amid pressures on multiple fronts, including Covid-19 lockdowns in China and regulatory threats on both sides of the Pacific.
Shares in some of the country’s largest companies saw stark declines. E-commerce giant Alibaba Group Holding (ticker: BABA) fell 10.9% in Hong Kong trading, with its U.S.-listed stock was down nearly 5% in U.S. premarket trading.
Peer…