Alibaba, JD.com, NIO and Other Chinese Stocks Slide as Lockdowns Bite


Source: marketwatch.com marketwatch.com

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Alibaba and its peers have already come under pressure from lockdowns this year. Greg Baker/AFP via Getty Images A ratcheting-up of Covid-19 restrictions in China over the weekend has rattled investor sentiment, sending some of the most widely held Chinese stocks lower on Monday. While U.S. stock and bond markets are closed for the Labor Day holiday , global equities dropped on Monday as trading continued overseas . Many of the Hong Kong-listed shares in companies that are also listed in New York were lower, with the Hang Seng Index tumbling 1.2% as investors fretted over new lockdowns. The Hong...