Jun. 25 at 1:53 PM
$BABA ,
$JD ,
$BIDU , US exchange listed Chinese equities with high trading volume = simple targets for manipulation.
$PGJ - US listed chinese stock index, vs HK9115 - HK listed chinese stock index.
These are diverse indexes both targeting the same country, 30% overlap in holdings!
US listed chinese companies underperformed HK listed chinese companies by 20%. Just because they’re US listed. Clear evidence that there is something about a US listing that causes price manipulation.