Business

Chinese stocks like Alibaba haven’t reacted much to the Covid unrest. Not yet.



alibaba


JD.com

and more widely held Chinese shares fell lower on Monday – but they did not react as much amid some of the worst social unrest to hit China in decades. At least not yet.

shares in

alibaba

(ticker: BABA) fell 1.5% in premarket trading in the US on Monday, with fellow e-commerce

JD.com

Shares of (JD) fell 1%. Other US-listed Chinese stocks such as

Nio

(NIO) exhibits much of the same price action. Meanwhile, the futures contract tracks

S&P 500

and heavy on technology

Nasdaq

decreased by about 0.7%.

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