Shares of Alibaba Group Holding Ltd. BABA,
fell 7.2 percent in premarket trading on Thursday after Chinese regulators launched an antitrust investigation into the e-commerce giant, the Associated Press reported. This sale put Alibaba shares on the verge of opening at the lowest level observed during the regular session hours on 7 July. It also means that the shares will be opened on the stock exchange territory, which many on Wall Street say is marked by decreases of 20% or more from a significant level. Since closing at a record $ 317.14 on October 27, shares have closed up 19.6% to $ 255.11 on December 15, before halting some losses to close at $ 256 on Wednesday. $ 18. A close at or below $ 253.71 would make the bear market “official”. In comparison, iShares MSCI China ETF MCHI,
gained 0.9% from October 27 to Wednesday, while the S&P 500 SPX,
gained 8.8%.