Alibaba's Sudden ADR Discount Shows Fear of US-China Decoupling
Donald Trump's push to restrict US investments in China is testing what in theory should be an ironclad financial relationship — the tight link between Chinese shares trading in New York and Hong Kong.
Alibaba Group Holding Ltd.'s US shares traded at an average 2.1% discount to those in Hong Kong last week — at one point reaching the widest since 2022. A similar pattern appeared for Baidu Inc. and NetEase Inc., with their American depositary receipts trading at their cheapest against Hong Kong peers in five months.
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18 minutes ago
- Yahoo
Trump administration faces growing bipartisan pressure over Job Corps
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WIRED
19 minutes ago
- WIRED
'100% Stupid': MAGA World Is Cautiously Turning on Elon Musk
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Bloomberg
19 minutes ago
- Bloomberg
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