BackAlibaba shares plunge 9.6% in Hong Kong after Ant IPO scrapped
1 min read
04 Nov 2020, 07:45 AM IST
As trading opened in Hong Kong, Alibaba's stock price fell 9.61 percent to HK$271.00
PremiumShares of Chinese e-commerce giant Alibaba tumbled in Hong Kong on Wednesday following a shock decision by Chinese regulators to scrap the public listing of its spin-off financial tech company Ant Group.
As trading opened in Hong Kong, Alibaba's stock price fell 9.61 percent to HK$271.00, following an eight percent tumble in the company's share price overnight in New York.
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Published: 04 Nov 2020, 07:45 AM IST
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