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White House Weighs Delisting Chinese Companies

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White House Weighs Delisting Chinese Companies

White House Weighs Delisting Chinese Companies

(Reuters) - The S&P and the Nasdaq fell on Friday after news that the Trump administration was considering delisting Chinese companies from U.S. stock exchanges and limit U.S. investments into China.

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 23, 2019.

REUTERS/Brendan McDermid U.S.-listed shares of Alibaba Group Holding Ltd (BABA.N), Baidu Inc (BIDU.O) and JD.com Inc (JD.O) slipped between 1.2% and 3.6% on the news.

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