Shares of Chinese tech and internet names are getting crunched in Monday's session, after reports indicated that President Donald Trump could proceed with $200 billion in additional tariffs on Chinese goods and that China might pull out of trade talks if he goes through with that action. E-commerce names are getting hit hard, including Alibaba Group Holding Ltd. BABA, -3.55% down 3%, and JD.com Inc. JD, -5.09% down more than 5%. Shares of internet companies iQiyi Inc. IQ, -6.02% and Bilibili Inc. BILI, -2.14% are also down in the session, as are shares of carmaker Nio Inc. NIO, -14.14% off 11%. Nio went public last week and has been called the Tesla Inc. TSLA, -0.12% of China. The KraneShares CSI China Internet ETF KWEB, -2.35% is down 1.7% in Monday trading, while the S&P 500 SPX, -0.56% is off 0.2%.
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