Alibaba, JD.com, Baidu, Other Chinese Tech Stocks Suffer as Investors Hope for Stimulus
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The pain is being shared around in the escalation of the trade conflict between the U.S. and China. Among technology and artificial-intelligence companies, Alibaba fell 18% in Hong Kong, JD.com was down 15%, Baidu dropped 14% and Tencent fell 13%. Chinese markets were shut Friday, exaggerating the moves on Monday as traders looked to catch up with selling elsewhere and developments in the trade war.
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