TECH - Why Alibaba Stock Is Gaining On Friday | Benzinga
Alibaba Group Holding Limited (NYSE:BABA) stock rose on Friday following reports of China’s trade surplus hitting a record high in June.
Surging exports outpaced a surprise drop in imports, potentially escalating trade tensions.
Exports reached $308 billion, marking the third consecutive month of growth and the highest level in nearly two years, while imports fell to $209 billion, resulting in a $99 billion surplus, Bloomberg reports.
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