Posted 9/7/2023, 4:50:00 PM
Chinese Stocks Sink as Export Decline Stokes Trade Tension Fears
- Shares of China-based companies dropping, including Nio, Alibaba, and others
- Comes after data showed China's exports dropped 8.8% in August
- Drop in exports raises concerns about US-China trade tensions
- Invesco Golden Dragon China ETF dove 3.9% amid broad selloff
- Nio shares sank 5.2%, on pace for lowest close since early July
- Alibaba shares hit with 4.5% loss, extending 3-day losing streak
- Selloff comes amid growing concerns about US-China relations