Alibaba and Other China Stocks Surge. Beware of a Dead Cat Bounce.

Feb 6, 2024

Alibaba and other Chinese names surged on Tuesday, bouncing back after a brutal selloff in recent days as investors seized on more signs that the government will support the stock market. Beware: this could be a dead cat bounce. Alibaba stock rose 4.4% in U.S. premarket trading on Tuesday, with shares in e-commerce peers 5.7% higher and Temu owner PDD up 4.4%.

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