Alibaba Shares Are Trading Higher Today: What You Need To Know
Portfolio Pulse from Vaishali Prayag
Alibaba's U.S.-listed shares rose after its Hong Kong shares were added to China's Stock Connect programs, potentially unlocking $12 billion in investments. This move could boost Alibaba's stock performance, which has been under pressure due to regulatory challenges and economic slowdowns in China.
September 10, 2024 | 4:35 pm
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Alibaba's inclusion in China's Stock Connect programs could unlock up to $12 billion in investments, potentially boosting its stock performance. This comes as Alibaba seeks to recover from regulatory challenges and economic slowdowns.
The inclusion in the Stock Connect programs significantly expands Alibaba's investor base, allowing 200 million mainland investors to trade its stock. This could lead to substantial capital inflows, estimated at $12 billion, which is likely to positively impact Alibaba's stock price in the short term.
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