Written by: Yang Qian
Last update date: 2020-12-25 03:31
In the mid-day market of US stocks on Christmas Eve, the indexes rose together. S&P closed at 3,703.06, up 13.05 points; Dow closed at 30199.87, up 70.04 points; Nasdaq closed at 1,284.73, up 33.62 points.
Following the investigation of suspected monopolistic behavior by the Chinese authorities, Alibaba's Hong Kong stocks (09988.HK) fell sharply on Thursday, and the U.S. stocks (BABA.US) continued to fall, falling 15.4% at one point, setting a record since September 2014 The biggest one-day drop since its listing in the United States.
The share price of rival Chinese e-commerce platform Pinduoduo (PDD.US) once soared 11.85%,
Alibaba plus U.S. stocks map source Reuters
The General Administration of Market Supervision of China announced that according to the report, after formally investigating suspected monopolistic behaviors such as "choose one out of two" Alibaba, Alibaba closed at 228.2 yuan in the half-day market on Thursday, down 8.1%. It was once low at 226.2 yuan, a recent record. 5-month low.
After the U.S. stock market opened, Alibaba's (BABA.US) stock price plummeted all the way, and it fell 15.4% in the middle of the transaction, setting the biggest one-day drop since its listing in the United States in September 2014.
The market closed at 222 US dollars, down 13.34% from the previous trading day.
The stock price of Chinese e-commerce platform Pinduoduo US stocks soared on Christmas Eve.
On the other side of the "two-choice" event, Chinese e-commerce company Pinduoduo listed in the United States, its stock price rose by 11.85% on Thursday, and closed at US$152.75, up 8.91%.
According to mainland media reports, many merchants who opened stores on Pinduoduo and Tmall at the same time received a notification from Tmall last year that they had "choose one of two", which meant that only one of the two platforms could be used.
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