Alibaba shares jump 4% on its addition to mainland Stock Connect Scheme
SHANGHAI - Shares in Alibaba Group, jumped 4.2% on Tuesday as investors cheered its inclusion on China's mainland stock exchanges after the e-commerce giant upgraded its Hong Kong listing to primary status last month.
Morgan Stanley analysts had predicted that the addition of Alibaba to Stock Connect would be an "imminent share price catalyst" and estimated net inflows could be between $17 billion and $37 billion for Alibaba from mainland investors over 12 months.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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