U.S.-Listed China Stocks Slide As Shanghai Crashes

Chinese securities listed on U.S. exchanges are getting hit hard in the stock market today as China's major indexes took their biggest one-day plunge in 8 years. Alibaba gapped down in above average volume, erasing gains from the last seven sessions. The e-commerce giant has tried to dig itself out of its downtrend over the last several months, but it's still trading more than 30% below its all-time high of 120 set last November. Alibaba's rival JD.com sank in quick trade, falling back below its 50-day moving average. Shares failed to break out of a flat base in early June and are trading about 15% below their high. Baidu also gapped below its 50-day line, after retaking that level just a few sessions ago. Volume was heavy. The Chinese search leader is trading about 21% below a 252.09 buy point from a price consolidation base. Baidu reports earnings after Monday's market close. Noah Holdings dropped to its lowest level in more than four months intraday in fast turnover. The wealth management firm is now more than 40% below its May high, reached after the stock broke out of a base with a 25.70 buy point. Other notable Chinese stocks that took a tumble today include Tencent, Autohome, BitAuto, Vipshop and 58.com.