The Nasdaq Golden Dragon China Index which tracks US-listed companies conducting most of their business in China fell more than 3% Wednesday amid concerns over corporate earnings and weak consumer spending.
Contemporary Amperex Technology Co. Ltd. (CATL) reported sharply slower quarterly profit growth Tuesday amid fierce competition and slowing Chinese auto-sales growth, sending its shares tumbling the day after.
Meanwhile, data released Monday showed Chinese retail sales grew just 1.1% annually in September, trailing a 5.5% rise in industrial output and highlighting continued weakness in consumer spending. The index fell 3.08% at 10:58 am ET.
https://breakingthenews.net/Article/US-listed-Chinese-stock-index-down-over-3/67367302
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