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Alibaba Is on a Roll. Why Chinese Tech Stocks Are Trouncing the S&P 500. – MarketWatch

July 9, 2022
Source: marketwatch.com marketwatch.com
News Snapshot:
Alibaba and other Chinese tech stocks have been relatively resilient this year. Greg Baker/AFP via Getty Images Last year Alibaba Group Holding and other Chinese technology stocks suffered severely while their U.S. counterparts enjoyed gains of historic proportions. In 2022, the tide has turned. Buoyed by companies like Alibaba (ticker: BABA), Chinese tech stocks have significantly outperformed the S&P 500 and Nasdaq Composite this year—to say nothing of U.S. tech giants like Apple (AAPL) and Alphabet (GOOGL). Alibaba lost almost half of its value in 2021, leading losses in a sector that was hammered by regulatory pressures on both sides...
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