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Alibaba opens at + 5.32% in Hong Kong, despite Chinese antitrust

2021-04-12T02:22:52.113Z

Alibaba leaps at the start of the session on the Hong Kong Stock Exchange, to the test of the markets after the maximum fine of 2.8 billion dollars announced on Saturday by the Chinese Antitrust for abuse of dominant position: the shares of the e-commerce giant founded by Jack But ... (ANSA)



(ANSA) - BEIJING, APRIL 12 - Alibaba leaps at the start of the session on the Hong Kong Stock Exchange, to the test of the markets after the 2.8 billion dollar fine announced Saturday by the Chinese Antitrust for abuse of dominant position: the titles of the e -commerce founded by Jack Ma mark a rise of 5.32%, to Hk 229.60.


    The move by Beijing, however, did not seriously affect the Hangzhou group's activity by eliminating, at least for now, fears of heavier actions by the Chinese regulatory authorities.


    The Hong Kong Stock Exchange opens the session positive: the HangSeng index marks a rise of 0.32%, to 28,791.97 points. The Shanghai Composite index rose 0.14% to 3,445.97 points, while the Shenzhen index slipped 0.05% to 2,235.49. (HANDLE).


Source: ansa

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