Chinese Travel Giant Trips Up Investors

Strains are emerging in Chinese tourism as economic growth slows and the currency weakens.

What’s Happening

Shares in International Ltd., China’s largest travel agent, hit their lowest since March 2015 in Thursday trading in New York. The stock fell 19%, its biggest one-day drop in its nearly 15-year history, to $27.89. The shares have now lost 36.6% this year.