Chinese stocks destroy $39.8B in U.S. wealth

The Chinese stock implosion is starting to get serious. It's costing U.S. investors real money. The 144 China-based stocks with primary listings on major U.S. exchanges have erased nearly $40 billion in paper wealth since the Shanghai Composite index peaked on June 12. It's an enormous destruction of wealth that in effects wipes out the market value of a company the size of cruise ship operator Carnival.  






Read More: http://www.usatoday.com/story/money/markets/2015/07/27/chinese-stocks-us-wealth/30738321/