Alibaba's Hong Kong stock recorded its biggest one-day increase since listing
Alibaba gains as much as 12% to HK$126.5, on track for the unexpected single-day gain since its HK listing. Hang Seng Tech Index up 4.
The Hang Seng Technology Index rose more than 4%, and the Hang Seng Index rose 2.6%. Alibaba rose more than 12%, the biggest increase since listing in Hong Kong; Baidu rose nearly 9%, Kuaishou rose more than 6%, and Meituan and NetEase rose 5%.
$BABA-SW(09988.HK$ $Alibaba(BABA.US$
The Hang Seng Technology Index rose more than 4%, and the Hang Seng Index rose 2.6%. Alibaba rose more than 12%, the biggest increase since listing in Hong Kong; Baidu rose nearly 9%, Kuaishou rose more than 6%, and Meituan and NetEase rose 5%.
$BABA-SW(09988.HK$ $Alibaba(BABA.US$
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BC_76 : fell too much already, from 160+ to 110+. Now back to 120+ still consider far from initial price. But glad that the market makers had turned their sides to screw the shorts now. Looking for the support turned resistance of around 130 tonight, whether can break? I think that may be a price to take note of now.
maxlim : Hope shortist can continue to short.
101671338 : shortists are starting to cut their positions already, I think. Likely they will only come in after 130.