News Analysis
The Nasdaq Golden Dragon China Index fell for eight straight sessions—the longest losing streak in over a year—amid heightened tension between the United States and China.
Meanwhile, threatened by the U.S. Holding Foreign Companies Accountable Act, Chinese companies have shifted large chunks of equity to Hong Kong.
The Nasdaq Golden Dragon China Index, which measures the performance of Chinese companies listed in the United States, plunged 10 percent from 6,997 to 6,292 in the six consecutive trading days ending April 25. Although the Golden Dragon index rebounded to 6,570 points from April 25 to 28, it was still 427 points lower than on April 17 and 771 points lower than on March 30….