Chinese companies listed in US dive after market rout in China

The world’s stock markets trailed a deep dive in China shares on Monday, hitting most Chinese companies listed in the United States.

The Deutsche X-trackers Harvest CSI 300 China A-Shares ETF, which tracks an index of the 300 largest and most liquid Chinese shares traded on the Shanghai and Shenzhen stock exchanges, fell 13.15 per cent to US$30.29.

The iShares China Large-Cap ETF, which tracks the investment results of an index composed of large-cap Chinese equities on the Hong Kong Stock Exchange, fell 1.68 per cent to US$37.54.

Shares of e-commerce giant Alibaba Group fell 2.72 per cent to US$66.32.in early afternoon trade in New York and Jumei International Holdings was down 9.86 per cent to US$10.60.

Qihoo 360 Technology shares fell 7.4 per cent to US$51.79 while YY Inc shares were down 7.21 per cent at US$54.95.

Shares of internet firms Baidu slid 5.57 per cent to US$144.39 and NetEase was off 4.21 per cent to US$109.38.

Travel company Ctrip.com International shares dropped 3.55 per cent to US$61.03.

 

Several US-listed Chinese firms bucked the trend.

Shares of real estate consultancy firm Soufun Holdings rose 3.89 US$5.745 in early afternoon trade on Monday.

Bitauto Holdings, an internet content and marketing services provider for the vehicle industry, gained 2.61 per cent to US$25.56.

E-commerce fashion shop Vipshop Holdings rose 2.24 per cent ot US$18.23 and New Oriental Education Technology Group edged up 0.05 per cent to US$19.59.