Months after massive IPO, China’s Didi moves to delist from NYSE

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Months aft monolithic IPO, China's Didi moves to delist from NYSE - MarketWatch Skip to main content

Published: Dec. 2, 2021 astatine 8:56 p.m. ET

Ride-sharing elephantine plans to database successful Hong Kong, pursuing unit from Chinese regulators

Chinese ride-hailing elephantine Didi Global Inc. said precocious Thursday it plans to delist from the New York Stock Exchange, bowing to unit from the Chinese government.

“After cautious study, the institution volition commencement delisting connected the New York Stock Exchange immediately, and commencement preparations for listing successful Hong Kong,” Didi said successful a station connected its Weibo account.

The triple-short Nasdaq 100 ETF is the astir progressive banal connected U.S. exchanges

The ProShares UltraPro Short QQQ ETF undefined dropped 3.0% connected dense measurement successful midday trading Thursday, arsenic the Invesco QQQ ETF undefined, which tracks the Nasdaq 100 undefined, jumps 0.9%, with 85 of its 103 equity components gaining ground. Trading measurement successful the UltraPro Short QQQs, which aims to instrumentality triple the inverse of the technology-heavy Nasdaq 100's performance, ballooned to 164.9 cardinal shares, which is already much than the full-day mean of astir 124.5 cardinal shares, and capable to marque the triple-short QQQs the astir actively traded banal connected large U.S. exchanges. With the tech assemblage selling disconnected implicit the past mates weeks, the triple-short QQQs had tally up 12.9% since closing astatine a grounds debased of $5.89 connected Nov. 19 done Wednesday's one-month closing precocious of $6.65. Over the aforesaid time, the QQQs had slumped 4.2% portion the S&P 500 undefined fell 3.9%.

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