• News
    • Stocks
    • Banks and Finance
    • Companies
    • Crypto
    • Forex
  • Videos
  • Articles
    • Forex CRM
    • Crypto Payments
    • Trading
    • Crypto Exchange Business
    • Forex Business
    • Fintech
    • Liquidity
    • FinTech Awards
  • Liquidity Providers List
  • Crypto Payment Providers

Dark Theme

Alibaba Is Having Its Best Day In 4 Years. Why Investors May Still Want to Be Wary

Oct 7, 2021

Alibaba Is Having Its Best Day In 4 Years. Why Investors May Still Want to Be Wary

Chinese technology stocks rose on Thursday, while the United States and China agreed to arrange a virtual meeting between their two presidents before the end of the year.

However, the problems for Chinese companies—as well as US-China relations—remain.

Chinese technology stocks enjoyed a brief reprieve on Thursday, buoyed by a larger sense of relief in the market as US officials avoided a showdown over the US debt ceiling for the time being.

Alibaba (ticker: BABA) gained 7.3 percent in Hong Kong, while the US-listed stock rose 9.4 percent, putting it on course for its greatest day in more than four years, when the shares rose 13.3 percent in one day in June 2017.

Didi (DIDI), the beleaguered ride-hailing company that has become a lightning rod for criticism on U.S.-listed Chinese tech, gained 5.6 percent in New York. Tencent (0700.HK) jumped 5.6 percent in Hong Kong, while peer Baidu (BIDU) rose 5.6 percent and e-commerce behemoth JD.com (JD) rose 6 percent in New York. Outperformance by technology firms aided Hong Kong's Hang Seng Index's 3.1 percent gain on Thursday. The Hang Seng Tech Index climbed 5.2 percent, although it is still 44 percent behind its early-year highs.

For all of the year, the industry has been under pressure, owing to a broader regulatory crackdown on some of its major companies, as Beijing prioritizes social good above profit and switches its attention toward technologies that might help it maintain its independence in a more hostile world.

While Alibaba is having its greatest three-day run since July 2020, the stock has declined more than 30 percent this year and is on track to have its worst year on record.

The United States and China agreed on Wednesday to meet Presidents Joe Biden and Xi Jinping before the end of the year. It will be a virtual encounter, and it will follow a call between the two leaders in September, which was their first in seven months. According to The Wall Street Journal, the virtual conference was announced immediately after White House national security adviser Jake Sullivan met with a top Chinese foreign policy advisor, Yang Jiechi, in Zurich.

But, for good reason, investors aren't overjoyed. This week, top trade envoy Katherine Tai suggested that the Biden administration was considering all means, including new ones, to attempt to enforce the Phase One trade agreement, and that it would be a starting point as the United States forged a new route in its relationship with China.

"While we expect minimal material improvement in the tone or substance of their relationship in the coming months, we still see investment opportunities on both sides, particularly in capital markets, technology, cybersecurity, and climate change," said UBS Global Wealth Management strategists led by Mark Haefele, chief investment officer.

"Investors, in our opinion, should avoid taking sides. The ideal long-term strategy is to seek exposure to both nations' various economic cycles, growth prospects, and sector trends," according to the UBS team.

The Swiss bank's strategists speculated on probable themes for debate, which included trade, Taiwan, and climate concerns.

Subscribe Our Newsletter

Brands Face Serious Issues With The New Twitter Verification

Milena

Brands Face Serious Issues With The New Twitter Verification

A crowd of impostors caused the social network to briefly stop its delivery of verified badges for $8 monthly subscribers.

Companies
Japanese Megabanks Have Joined a Group Establishing Yen-Based Digital Currency
Japanese Megabanks Have Joined a Group Establishing Yen-Based Digital Currency

Cryptocurrencies are being considered by Japan's private-sector behemoths as a way to speed up large financial transactions and settlements.

Forex
Oliver

Pre-execution vs Post-execution: What’s the Difference?
In this article, we will take a look at the following processes that are an inevitable part of trading on financial markets: First, we will discuss what trade execution is and how it works.

discover
What is Crypto Leverage Trading And How Does It Work?

Constantine

What is Crypto Leverage Trading And How Does It Work?

Trading is a fundamental concept of economics involving the purchase and sale of valuables.

Copy Trading

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries b2broker

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Tamta

    Top Ten Richest People In The World, 2023

    https://liquidity-provider.com/app/uploads/2023/03/cover-4-300x203.jpg

    Constantine

    What’s at Stake? Here’s How to Avoid Scam Tokens

    https://liquidity-provider.com/app/uploads/2023/03/cover-300x203.jpg

    Constantine

    Investing in Currencies That Are More Valuable Than the American Dollar

    https://liquidity-provider.com/app/uploads/2023/02/cover-2-300x203.jpg

    Alexander

    5 Best Forex CRM Solutions for 2023

    https://liquidity-provider.com/app/uploads/2023/02/cover-300x203.jpg

    Alexander

    Full Bitcoin Price History: From 2009 to 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-11-300x203.png

    Constantine

    Top 5 Most Reliable KYC Technology Providers

    https://liquidity-provider.com/app/uploads/2023/01/cover-10-300x203.png

    Alexander

    The Best Crypto Wallets of 2022: Top 5 Picks

    https://liquidity-provider.com/app/uploads/2023/01/cover-2-300x203.png

    Alexander

    Top 5 Most Reliable Forex Brokers of 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-1-300x203.png

    Constantine

    5 Top-Tier Breakthrough Trading, Crypto and Fintech Industries Software Solutions in 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-300x203.png

    Constantine

    5 Most Successful FinTech Industry Startups in 2022

    https://liquidity-provider.com/app/uploads/2022/12/cover-300x203.png

    Constantine

    Top 7 Liquidity Providers of 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-3-300x203.png

    Alexander

    Top 5 Crypto Exchanges of 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-1-300x203.png

    Constantine

    Top 5 Most Distinguished White Label Solutions in 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-2-300x203.png

    Constantine

    What is Crypto Leverage Trading And How Does It Work?

    https://liquidity-provider.com/app/uploads/2022/12/oblozhka-5-300x203.png

    Constantine

    Top 5 Most Prospective Tokens in the Metaverse.

    https://liquidity-provider.com/app/uploads/2022/12/cover-7-300x203.png

    Constantine

    How to Mine Bitcoins? – Beginners Guide

    https://liquidity-provider.com/app/uploads/2022/11/cover-5-300x203.png

    Oliver

    Blockchain for Business. Pros & Cons

    https://liquidity-provider.com/app/uploads/2022/11/oblozhka-1-300x203.png

    Constantine

    The Future of Stablecoins and Central Bank Digital Currencies (CBDCs)

    https://liquidity-provider.com/app/uploads/2022/11/cover-3-300x203.png

    Alexander

    What is Web 3.0 and Why Does it Matter?

    https://liquidity-provider.com/app/uploads/2022/11/cover-1-300x203.png

    Constantine

    5 Benefits of Accepting Crypto Payments for Your Business

    https://liquidity-provider.com/app/uploads/2022/11/cover-300x203.png

    Constantine

    Hot Wallet vs Cold Wallet: Which Do I Need More for Crypto?

    https://liquidity-provider.com/app/uploads/2022/11/oblozhka-5-300x203.png

    Alexander

    What is Hedging and How Does it Work in Trading? — Ultimate Guide

    https://liquidity-provider.com/app/uploads/2022/10/oblozhka-4-300x203.png

    Oliver

    Pre-execution vs Post-execution: What’s the Difference?

    https://liquidity-provider.com/app/uploads/2022/10/oblozhka-1-300x203.png

    Constantine

    What is Slippage in Trading? – Definition

    https://liquidity-provider.com/app/uploads/2022/10/shapka-1-1-300x203.png
    • News
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
    • Articles
      • Forex CRM
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
    [email protected]

    © 2023 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy