Monopoly Probe Drags Down Alibaba, China ETFs
December 24, 2020 at 16:13 PM EST
Alibaba Group Holdings (NYSE: BABA) plunged and dragged down China country-specific exchange traded funds on Thursday as Beijing scrutinizes the e-commerce giant’s monopolistic practices. On Thursday, the iShares MSCI China ETF (NASDAQ: MCHI) declined 2.6% and the SPDR S&P China ETF...