Yum China Holdings Inc (NYSE: YUMC) shares are trading lower Monday alongside several Chinese stocks after Chinese President Xi Jinping secured his third term in power and named loyalists to the Politburo Standing Committee.
U.S. stocks traded mostly higher, with the Dow Jones gaining more than 200 points on Monday. Here are some big stocks recording losses in today’s session.
Gainers
Applied Genetic Technologies Corporation (NASDAQ: AGTC) rose 70.8% to $0.41 in pre-market trading. Syncona disclosed that it will acquire Applied Genetic Technologies Corporation.
Key Takeaways:
DPC Dash, operator of the Domino’s pizza chain in China, has filed an updated prospectus to list its shares in Hong Kong
The company differs from larger rival Pizza Hut in China due to its bigger focus on delivery, and also due to its earlier stage of development
By Doug Young
Key Takeaways:
Key factors in a JD share-price rally would be the results of a U.S. regulatory review of Chinese stocks and the expected launch next year of a scheme to promote dual-currency share trading in Hong Kong
A settlement in a sexual assault case against company founder Richard Liu has also removed a shadow over the share price
Key Takeaways:
Four Chinese companies have submitted New York IPO applications since Sept. 6, indicating such listings could be accelerating after a near standstill over the past year
Key Takeaways:
Jianzhi Education’s big first-day jump, followed by gradual declines back to its IPO price, signal the recent parade of China meme stocks on Wall Street could be losing steam
U.S. regulators have chosen e-commerce major JD.com, Inc (NASDAQ:J) and KFC operator Yum China Holdings, Inc (NYSE:YUMC), among other U.S.-listed Chinese companies,…