Stock Track | Alibaba Plunges Nearly 9% Premarket as Hong Kong Tech Stocks Slide, China Stimulus Disappoints

Stock Track10-08

Alibaba Group Holding Ltd. (BABA) plunged nearly 9% in pre-market trading on Monday, as the Chinese e-commerce giant was caught in a broad sell-off of Hong Kong-listed technology stocks and investor disappointment over Beijing's lack of new stimulus measures.

Hong Kong's Hang Seng Tech Index tumbled 7.9% at the midday break, with Alibaba and other major tech firms like Meituan and Alibaba Health Information suffering sharp declines. The overall Hang Seng Index fell 5.6%, as investors took profits after a recent rally.

Adding to the selling pressure, China's National Development and Reform Commission failed to unveil specific new stimulus plans at a high-profile press conference on Monday, disappointing investors who had been hoping for more aggressive measures to support the country's economy. While policymakers said they were "fully confident" of meeting targets, the lack of details on stimulus actions sparked a selloff in mainland Chinese stocks.

Alibaba's pre-market plunge reflects the convergence of these two negative factors – the broad tech sell-off in Hong Kong and investor disappointment over China's stimulus plans. As a major Chinese tech company with a significant listing in Hong Kong, Alibaba was caught in the crosshairs of both market forces.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

DreamZ85
10-08
DreamZ85
This is dumb investor just wan more stimulus what you think a country is a goldmine? There should be a limit and not keep announcing stimulus for you guys.

Leave a comment

1

2

1

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1126845405?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-08 16:02","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1126845405","market":"hk","top_or_hot":-1,"title":"Stock Track | Alibaba Plunges Nearly 9% Premarket as Hong Kong Tech Stocks Slide, China Stimulus Disappoints","media":"Stock Track","content":"<p>Alibaba Group Holding Ltd. (BABA) plunged nearly 9% in pre-market trading on Monday, as the Chinese e-commerce giant was caught in a broad sell-off of Hong Kong-listed technology stocks and investor disappointment over Beijing's lack of new stimulus measures.</p>\n\n<p>Hong Kong's Hang Seng Tech Index tumbled 7.9% at the midday break, with Alibaba and other major tech firms like Meituan and Alibaba Health Information suffering sharp declines. The overall Hang Seng Index fell 5.6%, as investors took profits after a recent rally.</p>\n\n<p>Adding to the selling pressure, China's National Development and Reform Commission failed to unveil specific new stimulus plans at a high-profile press conference on Monday, disappointing investors who had been hoping for more aggressive measures to support the country's economy. While policymakers said they were \"fully confident\" of meeting targets, the lack of details on stimulus actions sparked a selloff in mainland Chinese stocks.</p>\n\n<p>Alibaba's pre-market plunge reflects the convergence of these two negative factors – the broad tech sell-off in Hong Kong and investor disappointment over China's stimulus plans. As a major Chinese tech company with a significant listing in Hong Kong, Alibaba was caught in the crosshairs of both market forces.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Alibaba Plunges Nearly 9% Premarket as Hong Kong Tech Stocks Slide, China Stimulus Disappoints</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Alibaba Plunges Nearly 9% Premarket as Hong Kong Tech Stocks Slide, China Stimulus Disappoints\n</h2>\n\n<h4 class=\"meta\">\n\n2024-10-08 16:02 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alibaba Group Holding Ltd. (BABA) plunged nearly 9% in pre-market trading on Monday, as the Chinese e-commerce giant was caught in a broad sell-off of Hong Kong-listed technology stocks and investor ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BABA","symbol_name":"阿里巴巴","start_time":0,"source_url":"","article_id":"1126845405","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1126845405","pubTimestamp":1728374554,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Alibaba Group Holding Ltd.  plunged nearly 9% in pre-market trading on Monday, as the Chinese e-commerce giant was caught in a broad sell-off of Hong Kong-listed technology stocks and investor disappointment over Beijing's lack of new stimulus measures.Hong Kong's Hang Seng Tech Index tumbled 7.9% at the midday break, with Alibaba and other major tech firms like Meituan and Alibaba Health Information suffering sharp declines. The overall Hang Seng Index fell 5.6%, as investors took profits after","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BABA":"阿里巴巴"},"translate_title":"香港科技股下滑，中国刺激措施令人失望，阿里巴巴盘前暴跌近9%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BABA":1},"content_text":"Alibaba Group Holding Ltd. (BABA) plunged nearly 9% in pre-market trading on Monday, as the Chinese e-commerce giant was caught in a broad sell-off of Hong Kong-listed technology stocks and investor disappointment over Beijing's lack of new stimulus measures.\nHong Kong's Hang Seng Tech Index tumbled 7.9% at the midday break, with Alibaba and other major tech firms like Meituan and Alibaba Health Information suffering sharp declines. The overall Hang Seng Index fell 5.6%, as investors took profits after a recent rally.\nAdding to the selling pressure, China's National Development and Reform Commission failed to unveil specific new stimulus plans at a high-profile press conference on Monday, disappointing investors who had been hoping for more aggressive measures to support the country's economy. While policymakers said they were \"fully confident\" of meeting targets, the lack of details on stimulus actions sparked a selloff in mainland Chinese stocks.\nAlibaba's pre-market plunge reflects the convergence of these two negative factors – the broad tech sell-off in Hong Kong and investor disappointment over China's stimulus plans. As a major Chinese tech company with a significant listing in Hong Kong, Alibaba was caught in the crosshairs of both market forces.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":357821275840768,"gmtCreate":1728379031288,"gmtModify":1728382055253,"author":{"id":"3577569919471507","authorId":"3577569919471507","name":"DreamZ85","avatar":"https://static.tigerbbs.com/4f88a546cd1787f83e30c21f07ed2b3a","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3577569919471507","authorIdStr":"3577569919471507"},"htmlText":"This is dumb investor just wan more stimulus what you think a country is a goldmine? There should be a limit and not keep announcing stimulus for you guys.&nbsp;","listText":"This is dumb investor just wan more stimulus what you think a country is a goldmine? There should be a limit and not keep announcing stimulus for you guys.&nbsp;","text":"This is dumb investor just wan more stimulus what you think a country is a goldmine? There should be a limit and not keep announcing stimulus for you guys.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/357821275840768","repostId":1126845405,"repostType":2,"repost":{"id":"1126845405","kind":"news","weMediaInfo":{"introduction":"Track stock‘s movements and relevant news","home_visible":1,"media_name":"Stock Track","id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"pubTimestamp":1728374554,"share":"https://ttm.financial/m/news/1126845405?lang=&edition=fundamental","pubTime":"2024-10-08 16:02","market":"hk","language":"en","title":"Stock Track | Alibaba Plunges Nearly 9% Premarket as Hong Kong Tech Stocks Slide, China Stimulus Disappoints","url":"https://stock-news.laohu8.com/highlight/detail?id=1126845405","media":"Stock Track","summary":"Alibaba Group Holding Ltd.  plunged nearly 9% in pre-market trading on Monday, as the Chinese e-commerce giant was caught in a broad sell-off of Hong Kong-listed technology stocks and investor disappointment over Beijing's lack of new stimulus measures.Hong Kong's Hang Seng Tech Index tumbled 7.9% at the midday break, with Alibaba and other major tech firms like Meituan and Alibaba Health Information suffering sharp declines. The overall Hang Seng Index fell 5.6%, as investors took profits after","content":"<p>Alibaba Group Holding Ltd. (BABA) plunged nearly 9% in pre-market trading on Monday, as the Chinese e-commerce giant was caught in a broad sell-off of Hong Kong-listed technology stocks and investor disappointment over Beijing's lack of new stimulus measures.</p>\n\n<p>Hong Kong's Hang Seng Tech Index tumbled 7.9% at the midday break, with Alibaba and other major tech firms like Meituan and Alibaba Health Information suffering sharp declines. The overall Hang Seng Index fell 5.6%, as investors took profits after a recent rally.</p>\n\n<p>Adding to the selling pressure, China's National Development and Reform Commission failed to unveil specific new stimulus plans at a high-profile press conference on Monday, disappointing investors who had been hoping for more aggressive measures to support the country's economy. While policymakers said they were \"fully confident\" of meeting targets, the lack of details on stimulus actions sparked a selloff in mainland Chinese stocks.</p>\n\n<p>Alibaba's pre-market plunge reflects the convergence of these two negative factors – the broad tech sell-off in Hong Kong and investor disappointment over China's stimulus plans. As a major Chinese tech company with a significant listing in Hong Kong, Alibaba was caught in the crosshairs of both market forces.</p>","source":"ai_movement_en","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Alibaba Plunges Nearly 9% Premarket as Hong Kong Tech Stocks Slide, China Stimulus Disappoints</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Alibaba Plunges Nearly 9% Premarket as Hong Kong Tech Stocks Slide, China Stimulus Disappoints\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-10-08 16:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Alibaba Group Holding Ltd. (BABA) plunged nearly 9% in pre-market trading on Monday, as the Chinese e-commerce giant was caught in a broad sell-off of Hong Kong-listed technology stocks and investor disappointment over Beijing's lack of new stimulus measures.</p>\n\n<p>Hong Kong's Hang Seng Tech Index tumbled 7.9% at the midday break, with Alibaba and other major tech firms like Meituan and Alibaba Health Information suffering sharp declines. The overall Hang Seng Index fell 5.6%, as investors took profits after a recent rally.</p>\n\n<p>Adding to the selling pressure, China's National Development and Reform Commission failed to unveil specific new stimulus plans at a high-profile press conference on Monday, disappointing investors who had been hoping for more aggressive measures to support the country's economy. While policymakers said they were \"fully confident\" of meeting targets, the lack of details on stimulus actions sparked a selloff in mainland Chinese stocks.</p>\n\n<p>Alibaba's pre-market plunge reflects the convergence of these two negative factors – the broad tech sell-off in Hong Kong and investor disappointment over China's stimulus plans. As a major Chinese tech company with a significant listing in Hong Kong, Alibaba was caught in the crosshairs of both market forces.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126845405","content_text":"Alibaba Group Holding Ltd. (BABA) plunged nearly 9% in pre-market trading on Monday, as the Chinese e-commerce giant was caught in a broad sell-off of Hong Kong-listed technology stocks and investor disappointment over Beijing's lack of new stimulus measures.\nHong Kong's Hang Seng Tech Index tumbled 7.9% at the midday break, with Alibaba and other major tech firms like Meituan and Alibaba Health Information suffering sharp declines. The overall Hang Seng Index fell 5.6%, as investors took profits after a recent rally.\nAdding to the selling pressure, China's National Development and Reform Commission failed to unveil specific new stimulus plans at a high-profile press conference on Monday, disappointing investors who had been hoping for more aggressive measures to support the country's economy. While policymakers said they were \"fully confident\" of meeting targets, the lack of details on stimulus actions sparked a selloff in mainland Chinese stocks.\nAlibaba's pre-market plunge reflects the convergence of these two negative factors – the broad tech sell-off in Hong Kong and investor disappointment over China's stimulus plans. As a major Chinese tech company with a significant listing in Hong Kong, Alibaba was caught in the crosshairs of both market forces.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":2,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1126845405"}