Tag: Chinese internet firms
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Alibaba and Hong Kong Stocks Plunge to 14-Month Low Amid Economic Unease
Investor anxiety swept through Hong Kong as Alibaba Group and other stocks plunged to a 14-month low on Tuesday. Triggered by a report of China’s economic growth missing expectations and declining home prices the Hang Seng Index recorded its steepest one-day decline in six months, dropping 2.8%. Real estate giants Longfor Group and China Resources…