What's Going On With Alibaba Stock Friday?
Portfolio Pulse from Anusuya Lahiri
Alibaba Group Holding Limited (BABA) stock is trading lower along with iShares China Large-Cap ETF (FXI) and KraneShares Trust KraneShares CSI China Internet ETF (KWEB) due to concerns over China Evergrande Group's bankruptcy filing and China's slowing economic growth. However, Alibaba Cloud's new digital human video creation tool, Live Portrait, and China's progress in chip equipment self-sufficiency provide some positive news.
August 18, 2023 | 11:00 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Alibaba's stock is trading lower due to concerns over China's economic situation and Evergrande's bankruptcy. However, the launch of Alibaba Cloud's Live Portrait may provide some positive impact.
The bankruptcy filing of China Evergrande Group and the slowing Chinese economy are negatively impacting Alibaba's stock. However, the launch of Alibaba Cloud's Live Portrait and China's progress in chip equipment self-sufficiency may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
iShares China Large-Cap ETF (FXI) is trading lower due to concerns over China's economic situation and Evergrande's bankruptcy.
The bankruptcy filing of China Evergrande Group and the slowing Chinese economy are negatively impacting the iShares China Large-Cap ETF (FXI).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
KraneShares Trust KraneShares CSI China Internet ETF (KWEB) is trading lower due to concerns over China's economic situation and Evergrande's bankruptcy.
The bankruptcy filing of China Evergrande Group and the slowing Chinese economy are negatively impacting the KraneShares Trust KraneShares CSI China Internet ETF (KWEB).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80