XIACY - What's Going On With Alibaba Stock Wednesday? | Benzinga
Alibaba Group Holding Limited (NYSE: BABA) stock declined, contributing to a broader drop in Hong Kong stocks to a nearly two-week low.
Concerns about China's economic growth and diminishing hopes for immediate U.S. interest rate cuts have affected market sentiments.
Other tech giants like JD.com Inc (NASDAQ: JD), Baidu Inc (NASDAQ: BIDU), Xiaomi Corp (OTC: XIACF) (OTC: XIACY), and Lenovo Group (OTC: LNVGF) (OTC: LNVGY) also faced declines, SCMP reports.
Alibaba Group Holding Limited (NYSE: BABA) stock declined, contributing to a broader drop in Hong Kong stocks to a nearly two-week low.
Concerns about China's economic growth and diminishing hopes for immediate U.S. interest rate cuts have affected market sentiments.