April 24, 4:53 pm | By James Lau

China stocks join global slump on Europe’s political woes

China stocks joined a global selloff on Monday as political uncertainty in France and the Netherlands intensified concerns about Europe’s sovereign debt crisis.

Alongside the fall in the Standard & Poor’s 500 Index, which closed down 0.8 percent to 1,366.94, Qiao Xing Mobile Communication Co. Ltd. slid $0.115, or 13.94 percent, to $0.71. According the percentage ratio, it dropped most among hundreds of china stocks listed on the NYSE and NASDAQ.

Lizhan Environmental Corp. (NASDAQ:LZEN) and China Bak Battery Inc. (NASDAQ:CBAK) slid 11.97 percent and 11.47 percent respectively, the second and third biggest losers. Lizhan manufactures synthetic leather and other fabrics from recycled leather waste in Zhejiang. Bak Battery focuses on lithium ion rechargeable batteries.

HGS Real Estate, Gerui Advanced Materials, Lentuo International, LDK Solar, WSP Holdings, Recon Technology, Sky-mobi, Renesola, and internet video company Tudou were all down as well.