Alibaba sinks 18% in worst day ever after Chinese regulators open antitrust investigation

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  • Alibaba suffered its worst trading day ever on Thursday after Chinese regulators opened an antitrust investigation into the e-commerce giant.
  • Alibaba fell as much as 18% in Thursday trades, far outpacing its previous record one-day decline of nearly 9% in 2015. 
  • Watch Alibaba trade live here.

Alibaba suffered its worst one-day decline ever since going public in 2014 after Chinese regulators opened an antitrust investigation into the e-commerce giant.

Alibaba fell as much as 18%, far outpacing its previous record one-day decline of 8.8% in January 2015. The stock hit levels not seen since June.

 

markets.businessinsider.com/news/stocks/alibaba-stock-price-worst-day-ever-regulators-open-antitrust-investigation-2020-12-1029919160

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