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Chinese markets plunged Tuesday as news emerged that President-elect Donald Trump may appoint China hawks Sen. Marco Rubio and U.S. Rep. Mike Waltz to key administration roles. The Shanghai Composite fell over 1% while Hong Kong's Hang Seng Index lost more than 2%, marking a six-week low. The yuan weakened against the U.S. dollar. Premarket losses in U.S.-listed Chinese companies included Alibaba, PDD Holdings, and Baidu.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Chinese markets plunged Tuesday as news emerged that President-elect Donald Trump
00:06may appoint China hawk Senator Marco Rubio and U.S. Representative Mike Walsh
00:11to key administration roles. The Shanghai Composite fell over 1 percent,
00:15while Hong Kong's Hang Seng Index lost more than 2 percent, marking a six-week low.
00:20The yuan weakened against the U.S. dollar. Pre-market losses in U.S.-listed Chinese
00:24companies included Alibaba, PDD Holdings, and Baidu.
00:28For all things money, visit Benzinga.com slash GSTV.

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