Chinese concept stocks plunged 10.83% in early Thursday

Beijing time January 23 Evening News, the U.S. stock market in Thursday low. Failing to comply with SEC requirements to provide documents related to accounting fraud investigations, the US court decided to penalize the China division of the four major accounting firms and not to provide audit services for listed companies in the US within 6 months. The incident led to the Chinese concept stocks fell in early Thursday, Dangdang plunged 10.83%.

SEC Judge Cameron Elliot ruled that four accounting firms and a Chinese accounting firm had previously refused to provide the SEC with some client audit documents to help them investigate alleged fraud, a violation of U.S. law.

Affected by this, the Chinese concept stocks Thursday early disc fall, as of Beijing time January 23 22:35, Dangdang fell 10.83%, blue flood down 9.57%, Qihoo 360 fell 8.64%, a good future down 8.51%, Skye fell 8.16%, Youku Potato fell 8.16%, SouFun fell 8.04.