Alibaba’s Hong Kong-listed stock plunged 9.8% Wednesday as investors continued to sell Chinese tech stocks due to concerns about the impact of China’s new antitrust rules. The e-commerce giant’s share price had already dropped 5.1% in Hong Kong and 8.3% in New York on Tuesday after the Chinese government unveiled draft regulations. The stock’s sharp decline overshadowed some of the...
asia e-commerce markets
Alibaba Stock Falls Nearly 10% Despite Biggest Annual Shopping Event
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The Electric: Western Auto and Battery Makers’ Big Gamble on Indonesian Nickel
For much of the last century, metals companies have made stainless steel from nickel mined in Russia or the Philippines and smelted at temperatures up to 2,900 degrees. But demand for nickel is outstripping supplies because the metal is a key component in most electric vehicle batteries. So metals producers have turned to a new supplier—Indonesia, which possesses vast reserves of a previously...
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