What is the sentiment of this news? Please choose an answer from {strong negative/moderately negative/mildly negative/neutral/mildly positive/moderately positive/strong positive}.

Shares of multiple Chinese companies, including Alibaba Group Holding Ltd - ADR (NYSE: BABA), Nio Inc - ADR Class A (NYSE: NIO) and Baidu Inc (NASDAQ: BIDU), are trading lower following reports the SEC has identified multiple US-listed ADRs as having not adhered to the Holding Foreign Companies.
moderately negative