Alibaba's stock rallies toward biggest gain in nearly 4 years as antitrust fine removes overhang

Dow Jones2021-04-13

MW Alibaba's stock rallies toward biggest gain in nearly 4 years as antitrust fine removes overhang

Shares of Alibaba Group Holding Ltd. $(09988)$ shot up 9.1% in afternoon trading Monday, putting them on track for the biggest one-day gain in four years, as investors expressed relief following the $2.8 billion fine assessed by China's antitrust regulator has slipped 3.9% and the S&P 500 has gained 8.4%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

$(END)$ Dow Jones Newswires

April 12, 2021 15:12 ET (19:12 GMT)

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JuanPeppa
2021-04-13
JuanPeppa
I don’t understand the market. I thought thiswas bad news n was prepared to paper hands but turned out w record gains.

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