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Why Chinese Stocks Got Crushed on Monday

TheMotleyFool

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Why Chinese Stocks Got Crushed on Monday: https://g.foolcdn.com/editorial/images/705941/market-crashing-thru-floor.jpg

Shares of Chinese stocks are getting hammered across the board on Monday, and for once the cause isn't interest rates. The market is worried that a new term for President Xi Jinping will lead to challenges for Chinese companies and stocks.

There were some very notable moves today from Daqo New Energy (NYSE: DQ), Kanzhun Limited (NASDAQ: BZ), Futu Holdings (NASDAQ: FUTU), Baozun (NASDAQ: BZUN), and Weibo (NASDAQ: WB).