Why Baozun Stock Was Sliding Again Today
Shares of Baozun (NASDAQ: BZUN) headed lower for the second day in a row as investors continued to sell the stock on fears that Chinese stocks would be delisted from U.S. stock exchanges. Baozun was down 9.3% as of 3:17 p.m. EDT. The latest salvo in the feud between the U.S. and China, which has taken on a new dimension due to the coronavirus pandemic, is the Senate's passage on Wednesday of a bill that threatens to delist Chinese stocks from U.S. exchanges.