U.S.-listed Chinese stocks drop 15% after Beijing's power reshuffle makes the market 'uninvestable'

The Invesco Golden Dragon China ETF, which tracks the Nasdaq Goldman Dragon China Index, plunged 20% at its intraday low to hit its lowest level since 2009.

MORNING SQUAWK APAC Monday October 24 2022 AS OF TUE, OCT 25, 2022 • 10:13 ET S&P 500 Close 3,797.34 +1.19% +44.59 S&P 500 Futures 3,800.50 -0.23% -8.75 10-Year Treasury 4.211% 0.00% -0.021 Australia's stocks lead gains in Asia after Wall Street's jump; yen hovers near 149-levels The Invesco Golden Dragon China ETF, which tracks the Nasdaq Goldman Dragon China Index, plunged 20% at its intraday low to hit its lowest level since 2009. More » China is an 'attractive market' with 'inexpensive' stocks after big drops, fund manager says giving 3 picks Fund manager Brian Arcese expects valuations to bounce back over the next 12 months as he believes the "regulatory overhang" facing Chinese stocks is "abating". More » Asia-Pacific markets mostly rise after Wall Street's second positive session Japan and Australia's markets gained Tuesday following Wall Street's second straight positive session. More » Chinese intelligence officers charged with obstructing Huawei prosecution as DOJ reveals 2 more cases of China interference Attorney General Merrick Garland detailed three criminal cases involving efforts by China in the United States. More » Rishi Sunak to be Britain's new prime minister as rivals quit race Rishi Sunak will be named the U.K.'s new prime minister following a fast-tracked Conservative Party leadership race. More » TODAY'S GUEST HIGHLIGHTS ON CNBC All times in SIN/HK 11:15 FATIH BIROL                                    International Energy Agency, Executive Director SIEW  11:30 EISUKE SAKAKIBARA  Institute for Indian Economic Studies, President Yen + BOJ intervention  12:40 LAURA  CHA                 HKEX, CHAIRMAN            Hong Kong Unsubscribe Digital Products Manage Newsletters Feedback Terms of Service Privacy Policy Join the CNBC Panel © 2022 CNBC LLC. All rights reserved. A property of NBCUniversal.   900 Sylvan Avenue, Englewood Cliffs, NJ 07632   Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis.   Data also provided by THOMSON REUTERS