Alibaba Leads China Stocks to Slump as Covid Fears Return, Risking Economic Rebound [MarketWatch]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: MarketWatch
test the decision to reopen the country after lockdowns induced a slowdown last year. China faces a Covid-19 variant that has fueled many new cases across the country since late last month, with expectations that infections will continue to rise, Bloomberg reported on Monday , citing local media reports of remarks from a senior health advisor. Expectations are for 40 million infections a week by the end of May, before a peak of 65 million infections a week in June, with authorities scrambling to prepare vaccines to counter the wave, according to the reports. It would be China's biggest Covid-19 wave yet, according to World Health Organization data , with the peak of infections during the week of Dec. 19—after the government moved to reopen the country—topping out just above 41 million cases. A return to lockdowns would be a blow to Chinese stocks—and the global economic picture— after severe restrictions throughout last year weighed heavily on growth Shares in Alibaba (ticker:
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BABA
Earnings
- 8/10/23 - Beat
BABA
Sec Filings
- 9/11/23 - Form 6-K
- 8/16/23 - Form 6-K
- 8/14/23 - Form 13F-HR
- BABA's page on the SEC website