back to article Feds probe triggers Chinese tech stock tumble

Chinese tech companies' stock has been sliding on the NASDAQ today, after a report that the US Department of Justice (DOJ) is investigating accounting irregularities at US-listed Chinese firms. Youku, the Chinese YouTube, was particularly hard hit, down 18.3 per cent to $16.24, while search behemoth Baidu lost 9.17 per cent …

COMMENTS

This topic is closed for new posts.
  1. h4rm0ny

    If extradition is out...

    presumably the US can fine the companies if they do business in the USA. Or have they found a way around that as well?

  2. Eduard Coli
    Paris Hilton

    Just say no

    Big deal, it's nothing a few million spread around DC will not fix.

    This is one of the reasons why the US or China needs to be out of the WTO.

  3. Anonymous Coward
    Anonymous Coward

    cnts

    I'm surprised youko or whatever it is called is allowed to be listed as last I was in China YouTube was blocked. Trade protectionism or what.

This topic is closed for new posts.

Other stories you might like

Biting the hand that feeds IT © 1998–2022