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Alibaba Stock Drops to Its Lowest Level in 6 Years. What’s Behind the Latest Fall.

The worsening Covid-19 situation in China is weighing on the country’s stock market, with companies including Alibaba,, and NIO notching stark declines on Monday amid fears that lockdowns could spread to Beijing.

Shares in Alibaba (ticker: BABA) fell 4% in U.S. premarket trading, with (JD) stock 3% lower and NIO (NIO) retreating…

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