What's Going On With Alibaba Shares Friday?

Benzinga
2024.10.11 15:45
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Alibaba shares are experiencing volatility due to ongoing concerns about stimulus measures in China. Recent announcements from the National Development and Reform Commission fell short of investor expectations, leading to market fluctuations. Despite earlier gains from the Central Bank's stimulus actions, investors remain cautious. A press conference by China's Ministry of Finance is anticipated to provide further clarity on stimulus efforts. As of now, Alibaba's stock is trading 1.27% higher at $92.64.