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Alibaba Drops: Jobs Data Looms
Friday, Jun 6, 2025 4:14 am ET1min read
Alibaba Group Holding Limited fell 1.00% in premarket trading. The decline in stock price may be attributed to the overall subdued market sentiment, as Asian shares were subdued on Friday due to investors awaiting key jobs data. Additionally, Tesla's significant losses due to the public feud between President Donald Trump and billionaire Elon Musk may have contributed to the negative market sentiment, affecting Alibaba's stock price.
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