Alibaba Group Holding Limited shares fall 2.58% premarket due to China's accelerating price decline and weak domestic demand.

Alibaba Group Holding Limited fell 2.58% in premarket trading. The decline can be attributed to the ongoing trade conflict with the USA and weak domestic demand, which has forced Chinese manufacturers to offer significant price reductions. The producer price index in China fell by 3.6% year-on-year in June, the largest decline since July 2023, while consumer prices rose by only 0.1%. This economic uncertainty has negatively impacted the stock's performance.