E-commerce company JD.com and electric-vehicle maker NIO were among more than 80 companies added to a list compiled by the Securities and Exchange Commission for possible delisting if they aren’t more transparent with their financial accounting.
The revelation was hitting the U.S.-listed shares of the Chinese companies. NIO (ticker: NIO) stock was down about 4.2% on Thursday. JD.com (JD) fell roughly the same amount. The S&P 500 fell 1.1% and the Dow Jones Industrial Average declined 0.8%.
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