TECH - What's Going On With Alibaba Stock On Wednesday? | Benzinga
Alibaba Group Holding Ltd (NYSE:BABA) led a tech rally in Hong Kong, pushing stocks higher for the third consecutive day.
The company marked its best performance in seven weeks after announcing $5.8 billion in share buy-backs last quarter.
"Sentiment is stabilizing following the consolidation from a May peak," SCMP cited analysts at Huatai Securities.
They added that despite differing market views, southbound flows should continue to support the market.
Investor ...