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0.000547578486249716 -0.000343757605256752 0.000851788756388333 -0.00121684108055498 0.00146020929666574 0.000851788756388333 0.0109515697249938 0.00459357507909464
Stock impact report

Alibaba (BABA) Ends 11% Higher, Mirrors Chinese Market [Yahoo! Finance]

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 Check Earnings Report
US:NYSE Investor Relations: alibabagroup.com/en/ir/home
Company Research Source: Yahoo! Finance
Alibaba soared by as much as 11 percent at intra-day trading on Monday to hit $167.52 apiece, as investor funds fled to Chinese stocks over a stronger yuan versus a weak US dollar amid ongoing feud between President Donald Trump and Federal Reserve Chairman Jerome Powell. At market close, the stock ended 10.17 percent higher at $166.31 apiece. Alibaba Group Holding Ltd. (NYSE:BABA) rallied alongside its counterparts, mimicking the climb in the Chinese and Hong Kong markets after yuan strengthened versus the dollar. Historically, data shows that a stronger yuan stands to benefit Chinese stocks, with HSBC Qianhai Securities noting that the CSI 300 climbed by an average of 18 percent during the currency's five appreciation rounds since 2017. Christopher Penler / Shutterstock.com Industrial Securities also noted that inflows increase when the yuan appreciates, as foreign funds which retreated China prompt for a revaluation of Chinese shares. In other news, the rally in Alibab Show less Read more
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