Alibaba Stock Nosedives, Then Rebounds, After Pentagon Designates Company As "Military Linked", Before Inexplicably Deleting [zero hedge]
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: zero hedge
Alibaba Stock Nosedives, Then Rebounds, After Pentagon Designates Company As "Military Linked", Before Inexplicably Deleting The Trump administration on Friday added some of China's biggest companies, including Alibaba and Baidu, ?to a list of firms allegedly aiding China's military - however, strangely the listing was pulled within mere minutes with no explanation initially issued. A Bloomberg newswire Friday morning indicated: US PULLS DOCUMENT THAT LISTED FIRMS LINKED TO CHINA MILITARY This was quickly followed by a correction: US removes document that listed firms linked to China's military and then the clarification that US Agency requested withdrawal of document , per the Federal Register. All of this was enough to cause Alibaba Group Holding Limited (BABA) stock to fall 5% and Baidu (NASDAQ:BIDU) to drop 2% Friday immediately on the reports, followed by a swift rebound on word of the sudden delisting. The initial, and now withdrawn listing comes amid allegations from US officia
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