Chinese stocks
Alibaba plunged as much as 10 on Thursday after the SEC identified five potential Chinese stocks for potential delisting from US exchanges. Chinese stocks which slumped into bear territory this week have been upgraded by strategists at Credit Suisse who cited policy loosening cheap valuations and stronger economic recovery momentum.
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This follows a series of rate cuts by Chinas central bank that sparked a rally in a wide range of companies.
. Chinese stocks listed in Hong Kong popped today. Most Read from BloombergUS. Chinese Stocks Falling on Tuesday.
Tencent OTCMKTSTCEHY shares are up. Chinese stocks in general are out of favor now with the possible exception of EV stocks. Alibaba NYSEBABA stock starts us off with shares of the e-commerce company falling more than 5 as of Tuesday morning.
Bloomberg -- Chinese technology stocks dropped for a third straight session amid fresh worries over Beijings regulatory plans for the sector. The Hang Seng Index rose a total of. While Chinese electric vehicle makers are not immune to regulatory pressures Beijing appears to want to.
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