Alibaba Shares Fall 6.8% in Hong Kong on Chip-Access Fears
Alibaba shares fell as much as 7.3% before closing 6.8% lower at HK$93.80, underperforming the Hang Seng Tech index’s 2.4% decline. The report linked investor concerns about tighter Chinese access to advanced chips to turmoil at Nvidia.
By Tracy QuAlibaba shares fell Thursday as turmoil at Nvidia stoked investor concerns about tighter restrictions on the Chinese tech giant's access to advanced chips.The stock dropped as much as 7.3% in Hong Kong before closing 6.8% lower at HK$93.80, outpacing the Hang Seng Tech index's 2.4% decli…