The DOJ is also involved. There may be a valid agenda, but it does seem Washington is toying with a nuclear button.
NEW YORK (Reuters) - Shares of U.S.-listed Chinese companies fell on Thursday after a top securities regulator said U.S. criminal authorities are investigating accounting irregularities at Chinese companies listed on U.S. stock exchanges.
Among companies that fell, Sohu.com Inc (NasdaqGS: SOHU - News) dropped 7.8 percent to $48.99, Baidu Inc (NasdaqGS: BIDU - News) lost 6 percent to $114, China Sky One Medical Inc (NasdaqGS: CSKI - News) declined 7.6 percent to $2.19, while Sina Corp (NasdaqGS: SINA - News) fell 8 percent to $74.60.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.