Alibaba Hong Kong Shares Plunge Over 8% at Open to HK$112.20
Alibaba Group's Hong Kong-listed shares fell sharply at the opening bell on Monday, August 24, declining more than 8% in early trading. As of 9:33 a. m. local time, the stock was quoted at HK$112.20, down 8.78% from the previous session's close. The sharp drop reflects a significant sell-off in the first minutes of trading, with the stock opening well below its prior day's level.
Alibaba's Hong Kong-listed shares opened sharply lower on Monday, August 24, falling more than 8% at the start of trading. As of 9:33 a. m. , the stock was quoted at HK$112.20, down 8.78% from the previous trading day.