US-listed Chinese stocks tumbled Thursday after regulators in Beijing and Ant Group denied reports that Jack Ma’s fintech company was dusting off shelved plans for an initial public offering.

The Nasdaq Golden Dragon China Index, which tracks major Chinese companies traded on US exchanges, finished the day down 6.8%—worse than the Nasdaq’s 2.75% decline.

US-listed China stocks tank after Ant IPO revival reports denied comes via ChinaTechNews.com.