News Snapshot:
SINGAPORE — Asia-Pacific stocks were mostly higher on Thursday, with shares of Chinese tech giant Alibaba in the spotlight following reports that Chinese regulators will probe the firm for suspected monopolistic behavior. Alibaba shares in Hong Kong fell 8.13% on Thursday. China’s State Administration for Market Regulation said through official online channels it has opened an investigation into Alibaba over monopolistic practices . The news was first reported by Bloomberg, and was announced by Chinese state news agency Xinhua. Chinese authorities also said Thursday they would meet with Alibaba-affiliate Ant to supervise the financial technology firm on issues such as...
