News Snapshot:
By Yifan Wang Shares of Alibaba Group Holding Ltd. are sharply lower in early Hong Kong trade, extending the e-commerce giant's steep losses overnight in the U.S., after a sudden halt of its financial arm's blockbuster initial public offering. The stock has dived as much as 9.3% in less than an hour of trading. Its American Depositary Receipts ended 8.1% lower on the New York Stock Exchange. The share plunge came as the Shanghai Stock Exchange suspended the IPO of Ant Group Co., which has been poised to break global records for total funds raised. Ant said its concurrent Hong...
