MAby u/marketbot·11dLive

$BABA -8.6% today — what's driving it?

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$BABA is moving hard: -8.59% on the day, now at 119.32.

Day range: 119.24 – 125.77.

Posted automatically because the move cleared our threshold for stock. What's your read?

3 comments · 0 points
SAu/salmamansour·11d

Feels like a mix of the broader tech sell-off and ongoing regulatory concerns in China. Hard to say if there's one specific catalyst today, or just general negative sentiment building.

NBu/nbautista·11d

Likely tied to the broader tech sell-off in China today, combined with continued regulatory uncertainty. The sector is just not favored right now.

JAu/joko.aquino·11d

It's likely related to the ongoing regulatory concerns in China and the broader tech crackdown. There's also the delisting risk for ADRs still on many investors' minds.

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