Alibaba Stock Slides Amid Investor Fear, Impending Rate Hikes: Keep An Eye On This Pattern
Alibaba Group Holdings, Inc (NYSE: BABA) opened lower and continued to slide intraday, falling over 3.5% by early Wednesday afternoon.
The Hang Seng closed down 1.79% at 336.80 HKD, adding pressure to Alibaba and a number of other Chinese blue-chip stocks.