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Herbalife, Nu Skin Shares Plunge Over Fears of Chinese Crackdown

  • Agency’s statement renews concerns companies will be targeted
  • Herbalife has faced pyramid-scheme allegations from Ackman

Shares of Herbalife Ltd., Nu Skin Enterprises Inc. and USANA Health Sciences Inc. tumbled on Monday over concerns that Chinese regulators will crack down on the companies’ marketing practices.

Herbalife plunged as much as 7.8 percent to $60.71, marking the biggest decline in more than two months. Nu Skin fell 9.6 percent to $54.68, while USANA declined 10 percent to $52.85.

The rout followed a statement posted on China’s State Administration for Industry & Commerce website announcing a three-month campaign to police...