Alibaba Group Holding Ltd – ADR (NYSE:BABA) shares are trading lower by 2.01% to $88.92 Friday afternoon. Shares of Chinese companies are trading lower amid a fall in Asia-Pacific stocks. Weakness may be driven by tensions over Taiwan, recent U.S. earnings and Japan inflation data.
What Else Is Going On?
U.S. Treasury Secretary Janet Yellen gave a speech on the U.S.-China economic relationship at the School of Advanced International Studies at Johns Hopkins University in Washington on Thursday.
In her prepared remarks, Yellen advocated for a constructive and fair U.S. economic relationship with China in order to foster growth and innovation in both countries…Read More
According to data from Benzinga Pro, BABA has a 52-week high of $125.84 and a 52-week low of $58.01.
