China debt crunchSuning.com investors spooked by warning of $7bn loss
Chinese retailer takes hit from troubled joint venture with Evergrande
Suning.com shares fell close to the maximum 10% limit in early selling in Shenzhen on Monday, the first trading session since the company's loss alert on Jan. 28. © AP
KENJI KAWASE, Nikkei Asia chief business news correspondent
February 7, 2022 21:12 JST
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.