Alibaba Results Weigh on Hong Kong Stocks, With Baidu, Tencent and Meituan Pressuring Index Further

South China Morning Post2023-05-19

Hong Kong stocks fell after Alibaba’s underwhelming revenue growth for the quarter disappointed investors, adding to concerns of China’s post-Covid recovery losing momentum.The Hang Seng Index slumped...

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Comments

  • laushifu
    2023-05-19
    laushifu
    isn't Alibaba an open sesame stock?
  • Guavaxf30
    2023-05-19
    Guavaxf30
    Again I say, sentiments are so fleeting. Not too long ago some were saying Baba will cross $300/-.  So what about the Nasdaq's present rally?
    • neo26000
      Fleeting...yes. Sometimes it is 180 degrees turn between pre-market and actual market.
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