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Alibaba shares plummet nearly 11% in record Hong Kong drop

November 20, 2021
Source: bollyinside.com bollyinside.com
News Snapshot:
Alibaba (BABA) fell 10.7%, the sharpest drop since then your list in the city in November 2019. The drop in Hong Kong followed a comparative drop in Thursday’s share cost on Wall Street after the organization announced disappointing quarterly income and cautioned that year-over-year results won’t evaluations of analysts. So far this year, Alibaba’s shares have fallen 40%, eliminating about $ 234 billion from the organization’s worth. Friday the fall dragged the Hong Kong benchmark Hang Seng Index (HSI), which fell 1.1%. Alibaba’s sales grew 29% last quarter from a year ago to $ 31.1 billion. Wall Street was hoping...
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