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Alibaba Drops 2%, Nio Leads EV Crash With 7.5% Plunge: Is Snap Fallout Behind Hang Seng Bloodbath?

Hong Kong’s benchmark Hang Seng Index opened in the red on Monday following a weaker close on Wall Street on Friday, which was dominated by a plunge in social media stocks. The Hang Seng fell 0.6% in opening trade ahead of the crucial U.S. Federal Reserve meeting later this week that could potentially see a 75 bps rate hike.

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6 Stocks To Watch As The World Health Organization Declares Monkeypox Outbreak A Global Emergency

The World Health Organization (WHO) on Saturday declared the monkeypox outbreak a global emergency, its highest level of alert. WHO Director-General Tedros Adhanom Ghebreyesus said more than 16,000 cases in more than 75 countries have now been reported around the world.

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