Alibaba Stock Slides After Trump Tariff Threats Rattle Asian Markets
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Alibaba Group Holding shares fell over 3% amid rising global trade concerns following U.S. President Trump's tariff threats on NATO countries. The Hang Seng Index also declined, reflecting broader Asian market trends. China's GDP growth slowed to 4.5%, and retail sales rose only 0.9%, indicating weak consumer demand. Analysts expect Alibaba's e-commerce to contribute over half of its revenue, but sluggish spending may hinder growth. Despite a strong year driven by AI enthusiasm, investors remain cautious about the impact of AI initiatives on earnings.
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