CHINA STOCKS GETTING HAMMERED ONCE AGAIN

It isn't uncommon to see a government attack chinese stocks, whether it be their own government of the United States government. Many companies in China have dual listings also in the USA. Those stocks were the victims of a spillover effect, after only five of the dual listed chinese stocks were afoul of new accounting rules. The SEC has given these companies until March 29th to fix these isues. Out of the five companies were BGNE, ZLAB, HCM, ACMR, but the one everyone actually knows is YUMC, the company running Pizza Hut, KFC, and Taco bell in China. YUMC is down close to 10% after the news, with every other chinese stock falling with it. And to make matters worse, the SEC has gone on to say that this is just the beginning and that they will be adding on to the list, since these companies were added already mainly because they happened to file their 2021 annual reports first. Didi, a recently new chinese stock in the NYSE was delisted last year and forced to go public in its home market in Hong Kong. News just brolke that they had to pull the brakes on this transition since Didi failed to comply with China's concerns over sensitive data leaks. Bad news after bad news would shoot the stock down 40%. Didi had a high of $18 in June 28th, 2021 when it first went public and has only lost value since dropping close to 85% to $2.10.