Tensions between the U.S. and China are weighing on the stock.
News & Analysis: Luokung Technology Corp.
The closing of its eMapgo acquisition lifted the stock.
The potential for delisting a group of Chinese stocks including Luokung seemed to weaken.
The EV technology supplier is selling its shares -- and many traders decided to follow suit.
The big data specialist wants to supply China's electric vehicle industry with mapping services.
News of another direct stock offering focused investors' attention on the Chinese technology company.