Asian Stocks Wrap Up Their Worst Month Since the Pandemic's Onset [TheStreet.com]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: TheStreet.com
The MSCI All Countries Asia ex-Japan index fell 12.9% for the month. The selling has been worst in major multinationals. The S&P Asia 50 index of blue-chips in Hong Kong, Korea, Singapore and Taiwan dropped 15.9% in September, significantly worse than the S&P Asia Pacific Broad Market Index, which lost 10.9%. Alibaba Group Holding ( ( BABA ) and HK:9988) is characteristic of the performance of the mega-caps. It is down 15.5% for September, with Nomura estimating that Alibaba saw a 4% drop in Chinese e-commerce for the September quarter, leading to soft overall 3% growth in all its Chinese business. Besides Russia's beleaguered stock market, Hong Kong has posted the worst performance in the world this month among major markets. The Hong Kong benchmark, the Hang Seng, was one of the very few indexes to trade on gains here on Friday. It ended up 0.3% today, but that still left it nursing a 12.1% decline for September. The Hang Seng is down a mammoth 26.0% so far this year. While that
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BABA
Earnings
- 2/7/24 - Beat
BABA
Sec Filings
- 4/2/24 - Form 6-K
- 3/26/24 - Form 6-K
- 2/23/24 - Form 20-F/A
- BABA's page on the SEC website