Chinese stocks in U.S. market surge on reports of nearing audit deal

Delisting concerns have plagued Chinese companies on American exchanges

20220825 US market

Chinese stocks listed on Wall Street had a big day, including Pinduoduo whose shares rose 12.4%. © Reuters

JACK STONE TRUITT, Nikkei staff writer

NEW YORK -- Shares in U.S.-listed Chinese stocks and indexes surged on Thursday following news that American and Chinese officials are nearing a deal to end a long-standing dispute over auditing foreign companies listed on American stock exchanges.

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