Chinese Stocks Continue Lower on SEC Scrutiny of Accounting

Article Related Articles (3) Stock Quotes (11) Comments (0)

Chinese stocks continued weaker today. As StreetInsider.com pointed out yesterday, the entire sector is on watch as after the SEC began administrative proceedings against the China affiliates of each of the Big Four accounting firms and another large U.S. accounting firm for refusing to produce audit work papers and other documents related to China-based companies under investigation by the SEC for potential accounting fraud against U.S. investors.

China stocks to watch:
Focus Media Holding Ltd. (NASDAQ: FMCN), New Oriental Education & Technology Group (NYSE: EDU), Fushi Copperweld, Inc. (NASDAQ: FSIN), Qihoo 360 Technology Co. Ltd (Nasdaq: QIHU), E-Commerce China Dangdang Inc. (Nasdaq: DANG), Youku Inc. (Nasdaq: YOKU), Tudou Holdings (Nasdaq: TUDO), Renren (NYSE: RENN), Baidu (Nasdaq: BIDU), Sohu.com (Nasdaq: SOHU), SINA Corp. (Nasdaq: SINA).

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• J.P. Morgan (JPM) CEO Dimon Might Have Enough Votes to Stay Chairman - NY Times
• Sony (SNE) is Early Winner in Battle of Video Game Giants (MSFT)
• Yahoo! (YHOO) Board Said to Approve $1.1B Tumblr Deal

Create E-mail Alert Related Categories

Trader Talk

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?