Hong Kong leads Asian markets higher on Alibaba boost
Asian stocks are broadly up today to buck losses on Wall Street, led by massive gains for Chinese tech behemoth Alibaba after it announced it would split into six business groups. – EPA pic, March 29, 2023.
ASIAN stocks were broadly up today to buck losses on Wall Street, led by massive gains for Chinese tech behemoth Alibaba after it announced it would split into six business groups. The Hangzhou-based firm said the changes were intended to “unlock shareholder value and foster market competitiveness”. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
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