Shares of Alibaba notched their best day since June 2017 as markets smiled on restructuring at the Chinese e-commerce giant. The shares were poised to rise again Tuesday.
U.S.-listed stock of Alibaba (ticker: BABA) jumped 10.4% Monday, the biggest one-day rise since June 8, 2017—when it rose 13.3%—and the stock had surged a further 5.3% in premarket trading Tuesday. Alibab a’s Hong Kong-listed shares (9988.H.K.) soared 12.2% in Asian trading.
U.S.-listed stock of Alibaba (ticker: BABA) jumped 10.4% Monday, the biggest one-day rise since June 8, 2017—when it rose 13.3%—and the stock had surged a further 5.3% in premarket trading Tuesday. Alibab a’s Hong Kong-listed shares (9988.H.K.) soared 12.2% in Asian trading.
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