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Shares of Chinese stocks are getting hammered across the board on Monday, and for once the cause isn't interest rates. The market is worried that a new term for President Xi Jinping will lead to challenges for Chinese companies and stocks.
There were some very notable moves today from Daqo New Energy (NYSE: DQ) , Kanzhun Limited (NASDAQ: BZ) , Futu Holdings (NASDAQ: FUTU) , Baozun (NASDAQ: BZUN) , and Weibo (NASDAQ: WB) .