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Market Impact: 0.35
China Tech Stocks Slide While Broader Market Edges Higher: Alibaba Sinks 5%, JD.com and PDD Drop 4%
Source: 247wallst.com
Artificial IntelligenceEmerging MarketsCompany FundamentalsMarket Technicals & Flows
Alibaba shares fell 5% to $103 as selling in U.S.-listed Chinese internet stocks hit the group’s largest AI spender hardest. The article notes that U.S. large-cap stocks edged higher, but provides no further details on the selling or its drivers.
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