U.S.- listed shares of Chinese companies fell on Tuesday over rising tensions between Beijing and Taiwan, while a Reuters report naming Alibaba among the first batch of firms to be audited by the United States also dented sentiment. Taiwan's military fired warning shots at a Chinese drone which buzzed an
U.S.- listed shares of Chinese companies fell on Tuesday over rising tensions between Beijing and Taiwan, while a Reuters report naming Alibaba among the first batch of firms to be audited by the United States also dented sentiment.
"Investors are worried about the regional conflict to escalate," said Bo Pei, analyst at US Tiger Securities. The move from the regulators follows Friday's audit deal between Beijing and Washington allowing U.S. agencies to vet accounting firms in mainland China and Hong Kong.
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