Alibaba shares in HK tumble on China probe

KATHMANDU: Shares of Alibaba Group plunged 7% on Thursday in early trading after Chinese regulators said they have launched an investigation into the company for suspected monopolistic behavior.

The stock traded as low as HK$229.4. The Hang Seng Index was down 0.2%. Reuters

Fiscal Nepal |
Thursday December 24, 2020, 11:54:43 AM |

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