Big news about Chinese companies! President Trump wants to limit how much Chinese companies can spend on American technology. This made investors worried.
This caused the prices of some big Chinese companies like Alibaba to go down a lot. It's like when you have a favorite toy, and someone says they might take it away; you might get a little worried, right?
Many people quickly sold their shares, which made the prices drop even more.
- Alibaba's stock price went down by 10% - a big drop!
- Other Chinese companies also saw their prices fall.
- This happened because people are worried about what President Trump might do next.
Company | Price Change |
---|---|
Alibaba | Down 10% |
Nasdaq Golden Dragon China Index | Down 5.2% |