News Snapshot:
Alibaba stock forecasts may remain bullish in the long term, but the stock continues to take a beating in the short term. In Hong Kong trading, Alibaba and other tech stocks found themselves in the red as uncertainty brought about by China’s detection of a new cluster of COVID-19 cases spooked investors. Alibaba Group Holdings stock lost 4.24% in Hong Kong trading, coming closely behind Nio as the EV maker topped the losers’ chart among Chinese tech and EV stocks. JD.com, Baidu, Tencent, Li Auto, Xpeng and Nio saw red on the day. The bearish sentiment has not carried on...
