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U.S.-listed Chinese stocks fall amid lockdown restrictions on 65 million people

U.S.-listed shares of Chinese stocks were falling in Tuesday trading amid reports of continued lockdown activity in China. More than 65 million people in China are subject to full or partial lockdowns, according to Chinese business magazine Caixin, via a report from the Associated Press. Among American depositary shares of Chinese companies dropping in Tuesday's session are iQiyi Inc. , down more than 9%; Tencent Music Entertainment Group , down more than 8%; Huya Inc. , down more than 4%; Alibaba Group Holding Ltd. , down more than 3%; as well as JD.com Inc. and Nio Inc. , each down more more than 2%. The KraneShares CSI China Internet ETF is off 3.1% in Tuesday afternoon trading.

-Emily Bary

 

(END) Dow Jones Newswires

09-06-22 1340ET

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