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BABA / Alibaba And Other Major Stocks Trade Muted In Hong Kong Even As PBOC Cuts Benchmark Lending Rate For 1st Time In 2 Years

Alibaba And Other Major Stocks Trade Muted In Hong Kong Even As PBOC Cuts Benchmark Lending Rate For 1st Time In 2 Years
Shares of Alibaba Group Holding Limited (NYSE: BABA) and Baidu Inc. (NASDAQ: BIDU) traded slightly higher in Hong Kong on Monday, while JD.Com Inc. (NASDAQ: JD), Tencent Holdings Inc. (OTC: TCEHY), Li Auto Inc. (NASDAQ: LI) and Xpeng Inc. (NYSE: XPEV) slumped. What's Moving: Shares of Alibaba and Baidu traded about 1% higher each in Hong Kong at the time of writing, while JD.Com, Tencent, Li Auto and Xpeng traded lower, in a range between 1% and 3%. Read More
Posted: Dec 19 2021, 23:36
Author Name: Benzinga
Views: 110651

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