What's Going On With Alibaba Shares Friday?
Portfolio Pulse from Dylan Berman
Alibaba shares are experiencing volatility due to unsatisfactory stimulus measures announced by China's NDRC. Investors had expected more robust actions to boost the economy, leading to market fluctuations. Alibaba's stock is trading higher despite these concerns.
October 11, 2024 | 3:45 pm
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Alibaba shares are volatile due to China's underwhelming stimulus measures, which disappointed investors expecting stronger economic support. Despite this, Alibaba's stock is trading higher.
The news highlights investor dissatisfaction with China's stimulus measures, which affects Alibaba due to its significant foreign investor base. Despite this, Alibaba's stock is trading higher, indicating mixed market reactions.
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