Advertisement
Singapore markets closed

  • Straits Times Index

    3,280.10
    -7.65 (-0.23%)
     

  • Nikkei

    37,934.76
    +306.28 (+0.81%)
     

  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     

  • FTSE 100

    8,113.82
    +34.96 (+0.43%)
     

  • Bitcoin USD

    64,421.18
    +622.77 (+0.98%)
     

  • CMC Crypto 200

    1,391.32
    -5.22 (-0.37%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • Dow

    38,085.80
    -375.12 (-0.98%)
     

  • Nasdaq

    15,611.76
    -100.99 (-0.64%)
     

  • Gold

    2,361.60
    +19.10 (+0.82%)
     

  • Crude Oil

    83.99
    +0.42 (+0.50%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • FTSE Bursa Malaysia

    1,575.16
    +5.91 (+0.38%)
     

  • Jakarta Composite Index

    7,036.08
    -119.22 (-1.67%)
     

  • PSE Index

    6,628.75
    +53.87 (+0.82%)
     

Why Shares of Alibaba, Full Truck Alliance, and KE Holdings Fell Today

Bram Berkowitz, The Motley Fool
·3-min read
Why Shares of Alibaba, Full Truck Alliance, and KE Holdings Fell Today

Chinese stocks trading on U.S. exchanges continued to struggle today amid broader economic concerns in the country and rising COVID cases. In fact, the Nasdaq Golden Dragon China Index, which tracks many popular stocks, fell 7.3% today and hit its lowest mark in roughly nine years, according to Bloomberg. Shares of the large e-commerce company Alibaba (NYSE: BABA) fell roughly 6.6% today, while shares of the digital freight company Full Truck Alliance (NYSE: YMM) fell close to 7%.

Continue reading