Market Talk – July 6, 2021 | Armstrong Economics
Spread the love ASIA: Didi Global Inc shares fell as much as 25% in early U.S. trading on Tuesday in the first session since Chinese regulators ordered the company’s app to be taken down days after its $4.4 billion listing on the New York Stock Exchange. The ride-hailing giant’s app was ordered to be removed from mobile app stores in China on Sunday by the Cyberspace Administration of China (CAC), which had said it was investigating Didi’s handling of customer data. The CAC on Monday also announced cybersecurity investigations into other Chinese companies whose parents have listed in th...