HONG KONG -- Investors dumped shares of Suning.com as China's domestic stock market reopened for the first time since the embattled electronics retailer disclosed it would post one of the biggest losses ever recorded by a local company on the eve of the weeklong Lunar New Year holiday.
Suning.com shares fell close to the maximum 10% limit in early trading in Shenzhen on Monday but recovered to close down 7.2% at 3.63 yuan. The overall market, meanwhile, edged up 1%. The retailer's shares had already lost half their value since the beginning of 2021.
