Alibaba shares in HK tumble on China probe – Reuters

HONG KONG, Dec 24 (Reuters) – Shares of Alibaba Group (9988.HK) plunged 7% on Thursday in early trading after Chinese regulators said they have launched an investigation into the company for suspected monopolistic behaviour. L1N2J401V
The stock traded as low as HK$229.4. The Hang Seng Index (.HSI) was down 0.2%.
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A Chinese research vessel flanked by coast guard and nearly a dozen boats on Wednesday entered a gas block operated by Russian and Vietnamese state firms, two monitoring groups said, another potential flashpoint in the South China Sea.
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