ETFs with big stakes in Alibaba (BABA) tanked Wednesday as the Chinese e-commerce leader narrowly beat earnings estimates, but missed on revenue. China ETFs, and peers with hefty exposure to Asian stocks, led the sell-off on the stock market today. The yuan extended sharp losses for the second straight day following the Chinese central bank's currency devaluation. Investors sought out haven assets such as gold and bonds amid sharp questions about
Wednesday 12 August 2015
IPO, Internet ETFs Groan On Alibaba Results
Otmane El Rhazi from Investor's Business Daily - ETFs RSS.
ETFs with big stakes in Alibaba (BABA) tanked Wednesday as the Chinese e-commerce leader narrowly beat earnings estimates, but missed on revenue. China ETFs, and peers with hefty exposure to Asian stocks, led the sell-off on the stock market today. The yuan extended sharp losses for the second straight day following the Chinese central bank's currency devaluation. Investors sought out haven assets such as gold and bonds amid sharp questions about
ETFs with big stakes in Alibaba (BABA) tanked Wednesday as the Chinese e-commerce leader narrowly beat earnings estimates, but missed on revenue. China ETFs, and peers with hefty exposure to Asian stocks, led the sell-off on the stock market today. The yuan extended sharp losses for the second straight day following the Chinese central bank's currency devaluation. Investors sought out haven assets such as gold and bonds amid sharp questions about
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