Alibaba Shares Plunge Amid Escalating Trade Tensions

Chinese e-commerce leader Alibaba is experiencing a severe market downturn as trade disputes between the United States and China intensify. The company’s stock has recorded losses for six consecutive trading sessions, culminating in a dramatic single-day decline exceeding 8% on Friday. This sell-off has pushed the share price to its lowest point since mid-September, briefly falling below the $159 threshold.

The immediate catalyst for the downturn was a series of aggressive trade threats from former US President Donald Trump. Using social media, he warned of imposing “massive tariff increases on Chinese goods” and promised additional retaliatory measures. This rhetoric emerged in response to China’s potential restrictions on exports of rare earth minerals, which are crucial for various technology products.

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