China Fears Hammer Alibaba, Traders Circle The Dip

U.S.-listed Chinese tech stocks fell, led by Alibaba Group Holding Limited (NYSE:BABA) , after a steep drop in China’s industrial profits and fresh geopolitical risks rattled investor confidence in the sector. Alibaba shares slid about 2.5% on Monday as investors weighed signs of mounting economic stress in China and rising geopolitical tension, CNBC’s Fast Money traders said Tuesday. The decline followed weekend data showing Chinese industrial profits fell more than 13% in November, marking a sharper drop than the prior month and reinforcing concerns about slowing growth despite Beijing’s plans to boost consumer spending. Also Read: Holiday Lull, Weak Data…