Chinese ADR Meltdown Rivals Burst of Dot-Com Bubble: China Today

The momentum of the Chinese ADR recovery has stalled. A U.S. watchdog poured some cold water on budding optimism about a compromise with Beijing on the issue of auditing Chinese firms listed in the U.S., saying speculation about such a deal is “premature.” And it didn’t help that Tencent reported its slowest growth on record.

Now that the market has reached a short-term equilibrium following some mind-boggling volatility, let’s take stock of the recent moves through a few charts and tables. The decline of Chinese tech companies over the past year rivals the greatest bear markets in modern finance, including ...