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via finance.yahoo.comPolitics

Alibaba, JD shares slide on more Chinese regulatory scrutiny

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com-- Alibaba and JD.com shares fell in Hong Kong trade on Thursday after the two and several other e-commerce firms were summoned by China's market regulator over quality controls. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and…

Read at the source ↗
MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishSummons by the Chinese regulator of major e-commerce firms weigh on Hong Kong's main index.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Alibaba fell 5.9% to HK$97.55, JD fell 4.7% to HK$97.90.
  2. 02The Hang Seng index tumbled 2.9%.
  3. 03The SAMR summoned companies over the quality of products and services.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Alibaba Group Holding LimitedBABAStock104.40 USDMarket closedtoday -3.88%Negative JD.com, Inc.JDStock25.79 USDMarket closedtoday -3.62%Negative Kuaishou Technology1024.HKStock26.74 HKD-0.52%today -4.64%Negative Hang Seng IndexINDEX:HSIIndex22,951.59+0.15%today -2.96%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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