What's Going On With Alibaba Stock Monday?
Portfolio Pulse from Anusuya Lahiri
Alibaba Group Holding Limited (BABA) and its peers are trading higher amid expectations of improved U.S.-China relations. U.S. Treasury Secretary Janet Yellen is set to visit China to discuss financial and economic affairs. China's central bank also plans to support small businesses and slow the currency slump. Chinese stocks, including Alibaba, Baidu (BIDU), JD.Com (JD), and Bilibili (BILI), as well as Chinese ETFs KraneShares Trust KraneShares CSI China Internet ETF (KWEB) and iShares China Large-Cap ETF (FXI), are trading higher.
July 03, 2023 | 12:41 pm
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POSITIVE IMPACT
Alibaba's stock is trading higher amid expectations of improved U.S.-China relations.
The expected improvement in U.S.-China relations is likely to ease geopolitical tensions and technology-based rivalries, which could positively impact Alibaba's business and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Baidu's stock is trading higher amid expectations of improved U.S.-China relations.
The expected improvement in U.S.-China relations is likely to ease geopolitical tensions and technology-based rivalries, which could positively impact Baidu's business and stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Bilibili's stock is trading higher amid expectations of improved U.S.-China relations.
The expected improvement in U.S.-China relations is likely to ease geopolitical tensions and technology-based rivalries, which could positively impact Bilibili's business and stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
iShares China Large-Cap ETF is trading higher amid expectations of improved U.S.-China relations.
The expected improvement in U.S.-China relations is likely to ease geopolitical tensions and technology-based rivalries, which could positively impact the ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
JD.Com's stock is trading higher amid expectations of improved U.S.-China relations.
The expected improvement in U.S.-China relations is likely to ease geopolitical tensions and technology-based rivalries, which could positively impact JD.Com's business and stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
KraneShares Trust KraneShares CSI China Internet ETF is trading higher amid expectations of improved U.S.-China relations.
The expected improvement in U.S.-China relations is likely to ease geopolitical tensions and technology-based rivalries, which could positively impact the ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80