Trade-War Turmoil Hits Top Chinese Internet Stocks As Alibaba Falls
Summary
Top Chinese internet stocks Alibaba Group ( BABA ), Baidu ( BIDU ) and BitAuto.com ( BITA ) were among the casualties on Monday as markets worldwide fell on growing fears that a U.S.-China trade war will escalate.XNew York-listed shares in e-commerce giant Alibaba fell 5.3% to 191.25 on the stock market today .Internet search leader Baidu slipped 3.3% to 250.41.Get exclusive IBD analysis and action news daily.U.S. technology stocks also traded down sharply on Monday.
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