{"id":9950,"date":"2019-09-30T08:35:23","date_gmt":"2019-09-30T08:35:23","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=9950"},"modified":"2019-09-30T08:35:34","modified_gmt":"2019-09-30T08:35:34","slug":"president-trump-thinking-of-delisting-chinese-stocks-from-us-markets","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/president-trump-thinking-of-delisting-chinese-stocks-from-us-markets\/","title":{"rendered":"President Trump Thinking of Delisting Chinese Stocks From US Markets"},"content":{"rendered":"

\"\"The Trump administration is considering delisting Chinese companies from US stock exchanges<\/a> but the U.S. Treasury department denies any plans of doing so. This would be a major escalation to the current tensions between US and China. This delisting would be able to limit the amount of US investment in China.<\/p>\n

The news about the supposed move had an immediate response. Major US stock indexes saw a quick slip in Chinese stock prices. The timing of the news was also very telling. China is about to start its 70th anniversary<\/a> celebrations, with a week of festivities shutting down the entire economy for a week. <\/p>\n

Alibaba<\/strong>, one of the world\u2019s biggest Chinese companies, saw a drop of 5.15 percent while JD.com<\/strong> dropped by 5.95 percent and Baidu<\/a><\/strong> saw its stock value go down by 3.67 percent. <\/p>\n

Though the US treasury mentioned that there were no plans about any delistings, many financial experts were speculating about how delisting would work. This is not the first time that Chinese stocks have been threatened with delisting.<\/p>\n

CNBC Television<\/strong><\/p>\n

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