TECH - What's Going On With Alibaba Stock Friday? | Benzinga
Alibaba Group Holding Limited (NYSE: BABA) stock is trading higher Friday in line with the broader indexes IShares China Large-Cap ETF (NYSE: FXI) and KraneShares Trust KraneShares CSI China Internet ETF (NYSE: KWEB) as China’s factory activity for August expanded.
The central bank announced a cut in reserve requirements to boost the economy.
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