What Happens When Stocks Delist? What to Know If You Own Didi.
Didi Global‘s plans to delist from the New York Stock Exchange months after going public triggered concerns over the future of other U.S.-listed Chinese companies.
Chinese tech stocks have borne the brunt of this blow to market sentiment, with the Hang Seng Tech Index—which tracks the Hong Kong-listed shares of China’s largest technology companies—hitting an all-time low earlier this week. Alibaba (ticker: BABA) and JD.com (JD), which are listed in both Hong Kong and the U.S., have been some of the biggest losers.