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Stock impact report

China blue chips take a breather as economic stimulus-driven rally loses steam [Seeking Alpha]

Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA) 
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am Check Earnings Report
US:NYSE Investor Relations: alibabagroup.com/en/ir/home
Company Research Source: Seeking Alpha
spikes in their shares since the People's Bank of China (PBOC) unveiled its largest stimulus package since the COVID-19 pandemic last week. The bank announced measures on Sept. 24 to lower borrowing costs and inject more money into the Chinese economy, in addition to easing mortgage payment burdens for households. Also, the PBOC said it would cut the cash reserve requirements for banks by 50 basis points to free up 1T yuan ($142B) in new lending. Meanwhile, the PBOC cut its benchmark seven-day reverse report rate by 0.2 percentage point to 1.5, among other interest rates. Shares of Alibaba ( BABA ) were last down 1.5% in Thursday midday trade. They had popped 7.9% on Sept. 24 after the unveiling of the stimulus package, and added another 18.6% up to their last close on Wednesday. E-commerce rivals JD.com ( JD ) and Pinduoduo-parent PDD ( PDD ) were down 0.5% and , respectively. Their US-listed shares had soared 50.5% and , respectively, from Sept. 23 close to Wednesday. Meanwh Show less Read more
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