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 …

[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?

[Eduard Coli]

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.

[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.