$BABA-W (09988.HK)$ can somebody explain why Alibaba dropped...
$BABA-W (09988.HK)$ can somebody explain why Alibaba dropped the most amongst Chinese concept stocks, while its us income revenue only contribute less than 2%???
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SKYWalkers : because it has the most volume, if a stock that nobody knows, won't drop
Frank0707 : The ones that rose the most before are now taking the opportunity to pull back.
104685220 OP SKYWalkers : u mean Alibaba is more influential for the us hedge funds or institution to play out their favourable trend in the political game？
SKYWalkers 104685220 OP : I dunno about that, but like if you think of fast food, you think of Macdonald's, so if you think of China stock, Baba's most represented, it has high volume, and hence higher volatility, more movements, up or down
Dwin26 : i think US hedge funds got margin call so they dump their BABA