Regulators a word to let jumei com suffered its biggest one day drop

Abstract: "Bloomberg" Chinese said, the Department of the Ministry of Commerce said on Monday that Chinese will reduce import tariffs on clothing, skin care products, diapers and other commodities, the average decline of up to 50%, from June 1st onwards. This makes jumei.com suffered a record drop.

jumei.com this morning closing data

news May 27th, jumei.com price of U.S. stocks last night hit, fell 14.92% biggest one-day drop.

Jumei.com

Beijing time last night when opening up, sharp intraday volatility, the minimum fell to $21.5, down over 15%, finally closed at $21.61, down 14.92%, normal trading volume surged to 11 million 520 thousand shares, the past is nearly 3 months on average 5 times.

for jumei.com shares, "Bloomberg" in an article titled "Chinese tariff reduction jumei.com shares fell to weaken the advantage of domestic" the article said, as investors worried that the government Chinese reduce tariffs will weaken jumei.com competitive advantage, which suffered a record drop.

"Bloomberg" China said, the Department of the Ministry of Commerce said on Monday that Chinese will reduce import tariffs on clothing, skin care products, diapers and other commodities, the average decline of up to 50%, from June 1st onwards.

Rosenblatt Securities said the evaluation, the tariff reduction initiatives will make Chinese consumers, but may weaken the competitive advantage of jumei.com, because the company to offer discounts to attract consumers to rely on international brands of cosmetics.