Shares in many of China’s best-known companies plunged on the Nasdaq and New York Stock Exchange today as part of a steep selloff amid worries about rising interest rates and slower growth in the United States, the world’s largest economy.

The Nasdaq lost 4.7% and S&P 500 lost 3.9% as U.S.

China Stocks Drop In U.S. Ahead Of Fed Action On Inflation; Alibaba, BiliBili Plunge 10% comes via ChinaTechNews.com.