Alibaba jumps as much as 6.5% amid tech rally ahead of earnings

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 77%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

.AlibabaGroup Holding Ltd. led Chinese tech stocks higher on Thursday as investors repositioned ahead of its quarterly results, though caution remained about a number of potential roadblocks ahead. Moneyweb TechNews

Alibaba Group Holding Ltd. led Chinese tech stocks higher on Thursday as investors repositioned ahead of its quarterly results, though caution remained about a number of potential roadblocks ahead. Shares of the e-commerce giant gained as much as 6.5% in Hong Kong, among the best performers on the Hang Seng Tech Index, which advanced as much as 3.4%.

has raised as much as $22 billion in cash through the sale of forward contracts using Alibaba shares, the Financial Times reported, which would add to selling pressure down the road if SoftBank opts against buying back the Alibaba shares. Here are three charts showing the hurdles ahead for Alibaba’s stock: Analysts expect Alibaba’s April-June sales to fall 0.9% from a year earlier, marking its first-ever quarterly revenue contraction.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

AlibabaGroup I have always hated Bitcoin and thought it was a scam until a friend referred me to Allison_Grillo, I made my first withdrawal of R100,000 in 2 weeks thanks to Allison_Grillo.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sappi reports record third-quarter earnings amid paper shortageTight markets and higher selling prices contributed to Sappi’s performance, despite high cost inflation
Source: BDliveSA - 🏆 12. / 63 Read more »

Sappi reports record third-quarter earnings amid paper shortageTight markets and higher selling prices contributed to Sappi’s performance, despite high cost inflation ✊
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: Stocks rise in Asia as Alibaba leads tech rebound: markets wrapAsian stocks rose on Thursday, as Alibaba led Chinese tech companies higher ahead of its quarterly results. Bets on further Federal Reserve interest-rate hikes supported Treasury yields.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Tech Fuels Stock Surge as Earnings Buoy Sentiment: Markets WrapUS stocks rose as corporate earnings continued to roll in and economic data came in better than expected. Treasuries declined after hawkish comments from Federal Reserve officials made it apparent that a policy pivot is unlikely.
Source: dailymaverick - 🏆 3. / 84 Read more »