Monday, September 30, 2019

China ADRs' losses mount as U.S. listings are put at risk

Forcing Chinese companies to give up U.S. exchange listings, as the Trump administration has considered, would amount to kicking them when they are already down. The S&P/Bank of New York Mellon China ADR Index, which tracks companies’ American depositary receipts, dropped 28% through Friday from a record in January 2018. The S&P 500 Index rose 3.1% in the same period and set a record on July 26. The U.S. Treasury said in a statement over the weekend that it has no plans ``at this time'' to stop China's companies from being listed.

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