Fox Business reporter Charles Gasparino posted on social media, citing sources, that the Trump administration is moving toward potentially delisting Chinese stocks from U.S. exchanges.

The post highlighted several points: the incoming U.S. Securities and Exchange Commission Chairman Paul Atkins may address the delisting of Chinese stocks upon taking office; amid the U.S.-China trade war, the likelihood of delisting Chinese stocks is rising, with growing Republican congressional support for such a move; U.S. law allows delisting if Chinese companies do not permit inspection of their books or disclose ties to the Chinese government; and lawmakers are particularly concerned about so-called "golden shares", which grant the Chinese government control over listed companies.

Related NewsBOCOMI Lists 2024 Daily Order Vol./ Mkt Shr Estimation in Food Delivery Mkt of Meituan Takeaway/ Meituan Shangou/ Ele.me (Table)
Overnight (10th), the three major U.S. stock indexes plummeted by 2.5-4.3%, with the DJIA cascading 1,014 points. Several Chinese ADRs saw steep declines, including Hesai (HSAI.US)      , Futu (FUTU.US)      and Pinduoduo (PDD.US)      , which closed down 6.2-6.9%. Alibaba (BABA.US)      dipped 0.6%. JD.com (JD.US)      bucked the trend, rising 1.4%.

U.S. stock futures drifted lower, with DJIA futures currently down 438 points or 1.1%, S&P 500 futures down 64 points or 1.2%, and Nasdaq futures down 276 points or 1.5%.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)