US-listed Alibaba shares are trading higher following the the inclusion of its Hong Kong-listed ordinary shares in the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs.
Portfolio Pulse from Benzinga Newsdesk
Alibaba's US-listed shares are rising due to the inclusion of its Hong Kong-listed shares in the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs.
September 10, 2024 | 11:46 am
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Alibaba's US-listed shares are experiencing a price increase following the inclusion of its Hong Kong-listed shares in the Stock Connect programs, which enhances accessibility for mainland Chinese investors.
The inclusion of Alibaba's Hong Kong shares in the Stock Connect programs allows mainland Chinese investors easier access to Alibaba's shares, likely increasing demand and positively impacting the stock price.
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