Advertisement
Singapore markets close in 2 hours 34 minutes

  • Straits Times Index

    3,300.90
    +28.18 (+0.86%)
     

  • Nikkei

    38,460.08
    +907.92 (+2.42%)
     

  • Hang Seng

    17,157.52
    +328.59 (+1.95%)
     

  • FTSE 100

    8,044.81
    +20.94 (+0.26%)
     

  • Bitcoin USD

    66,648.33
    +67.73 (+0.10%)
     

  • CMC Crypto 200

    1,414.82
    -9.28 (-0.65%)
     

  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     

  • Dow

    38,503.69
    +263.71 (+0.69%)
     

  • Nasdaq

    15,696.64
    +245.33 (+1.59%)
     

  • Gold

    2,341.00
    -1.10 (-0.05%)
     

  • Crude Oil

    83.51
    +0.15 (+0.18%)
     

  • 10-Yr Bond

    4.5980
    -0.0520 (-1.12%)
     

  • FTSE Bursa Malaysia

    1,568.59
    +6.95 (+0.45%)
     

  • Jakarta Composite Index

    7,168.54
    +57.73 (+0.81%)
     

  • PSE Index

    6,582.87
    +76.07 (+1.17%)
     

Why Alibaba, Bilibili, and Pinduoduo Are Falling Today

Chris Neiger, The Motley Fool
·2-min read
Why Alibaba, Bilibili, and Pinduoduo Are Falling Today

Shares of Alibaba (NYSE: BABA), Bilibili (NASDAQ: BILI) and Pinduoduo (NASDAQ: PDD) were all sliding this afternoon after the Chinese government imposed fresh lockdowns in some parts of the country, and fined Alibaba and other Chinese tech companies for not complying with some anti-monopoly regulations. As a result, the Chinese tech stock sector was sliding today, sending Alibaba down 8.5%, Bilibili falling 9.4%, and Pinduoduo tumbling 10.1% as of 2:26 p.m. ET.

Continue reading