Sanergy, a Chinese firm, saw a 98% stock price drop, losing $2.6 billion in market value.

From Google: 2024-09-03 03:08:06

Chinese firm Sanergy experienced a 98% stock price drop, resulting in a US$2.6 billion loss in market value. The sudden meltdown was attributed to a warning from the company about a potentially big loss due to market conditions. This event serves as a cautionary tale for investors in the Chinese market.



Read more at Google: Sanergy’s 98% meltdown wipes out US$2.6 billion of Chinese firm’s value – South China Morning Post