Alibaba Group Holding Ltd - ADR BABA shares are trading higher by 1.67% to $71.97 Monday morning amid loosened COVID-19 restrictions in China and a meeting between Chinese President Xi and President Biden.
What Else?
Chinese Premier Li Keqiang said the country’s economy has grown 3% over the past three quarters and is stabilizing on an "upward trend" while he vowed to continue supporting the economy with policy measures, reported Reuters.
China reported 14,878 new COVID-19 infections for Nov. 12, which include a record number of new daily cases in Beijing, as well as in manufacturing hubs Guangzhou and Zhengzhou, reported Reuters...Read More
See Also: When Will US Inflation Decline? Goldman Sachs Gives Timeline
According to data from Benzinga Pro, BABA has a 52-week high of $169.94 and a 52-week low of $58.01.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
