Advertisement
UK markets closed
  • NIKKEI 225

    38,274.05
    -131.61 (-0.34%)
     
  • HANG SENG

    17,763.03
    +16.12 (+0.09%)
     
  • CRUDE OIL

    79.13
    -2.80 (-3.42%)
     
  • GOLD FUTURES

    2,330.20
    +27.30 (+1.19%)
     
  • DOW

    37,903.29
    +87.37 (+0.23%)
     
  • Bitcoin GBP

    46,210.53
    -1,811.95 (-3.77%)
     
  • CMC Crypto 200

    1,202.07
    -136.99 (-10.23%)
     
  • NASDAQ Composite

    15,605.48
    -52.34 (-0.33%)
     
  • UK FTSE All Share

    4,418.60
    -11.65 (-0.26%)
     

Why Alibaba Stock Is Jumping Today

Why Alibaba Stock Is Jumping Today

Shares of Alibaba Group Holding (NYSE: BABA) were running 7% higher at 10:32 a.m. ET Tuesday after J.P. Morgan upgraded the Chinese online retailer. The new rating on the shares comes just weeks after the investment bank had deemed Chinese technology stocks such as Alibaba, JD.com, and Tencent Holdings "uninvestable" for the next six to 12 months. The negative view had come amid a mounting crackdown by Beijing that also threatened them with delisting.