Chinese Stocks in US Whipsaw Amid Rising Lockdown Crisis


U.S.-listed Chinese stocks whipsawed Monday to end the day higher

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Chinese Stocks in the U.S. Whipsaw Amid Growing Lockdown Woes

 

Chinese stocks listed in the US rose on Monday to end the day higher.

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As investors weighed the economic ramifications from the country's expansion of Covid measures in major cities.The Nasdaq Golden Dragon Index closed up 0.7% after falling as much as 4.1% in early trading. The rebound on track for gains in U.S.

stocks and came after gauge posted a three-week loss. Alibaba Group Holding Ltd., down 0.8 percent, was one of the declines in America, while peers Pinduoduo Inc. and Baidu Inc. reversal early decline The volatility in the group came

after China's CSI 300 index tumbled 4.9 percent, closing at a two-year low. The rising number of infections in Beijing has fueled fears of city-wide lockdowns. With the Chinese capital putting some housing under strict measures, the city also announced a series of test plans in the footsteps

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