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Alibaba Is on a Roll. Why Chinese Tech Stocks Are Trouncing the S&P 500.

July 10, 2022
Source: tradingforkeeps.com tradingforkeeps.com
News Snapshot:
[post] Last year Alibaba Group Holding and other Chinese technology stocks suffered severely while their U.S. counterparts enjoyed gains of historic proportions. In 2022, the tide has turned. Buoyed by companies like Alibaba (ticker: BABA), Chinese tech stocks have significantly outperformed the S&P 500 and Nasdaq Composite this year—to say nothing of U.S. tech giants like Apple (AAPL) and Alphabet (GOOGL). Alibaba lost almost half of its value in 2021, leading losses in a sector that was hammered by regulatory pressures on both sides of the Pacific. At the heart of the severe declines was a crackdown by Beijing on...
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