Chinese delisting fears are over. So why are the stocks down?


https://www.reuters.com/business/us-pcaob-says-is-able-inspect-firms-china-first-time-2022-12-15/
PCAOB has announced that they received cooperation and are were able to conduct audits of Chinese firms. This alleviates delisting concerns that spooked investors earlier this year. Yet Chinese stocks are down. Can anyone explain it like Im 5?


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *