Why Bilibili Shares Closed 10% Lower on Monday
Many Chinese companies saw their stocks fall on Monday, amplifying a generally weak market day due to high-level political pressure between China and European governments.
The price drops were particularly severe among high-flying technology stocks. Among these, video-sharing specialist Bilibili (NASDAQ: BILI) struck me as particularly noteworthy when it closed the day's trading 10.1% lower.
Bilibili had no particular news of its own today, like most of the falling Chinese tickers. The Wall Street Journal reports that the European Union will join the U.S. government in pressuring Chinese and Russian leaders about their human rights policies.
Source Fool.com
