---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/38546109.md"
description: "$BABA-W(09988.HK) Alibaba has been dragged down by the US stock market trend these days. The US-listed Alibaba opens high and closes low every day, while the Hong Kong-listed Alibaba opens low and closes high."
datetime: "2026-02-06T04:39:20.000Z"
locales:
  - [en](https://longbridge.com/en/topics/38546109.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/38546109.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/38546109.md)
author: "[谢团](https://longbridge.com/en/profiles/18927300.md)"
---

# $BABA-W(09988.HK) Alibaba has been dragged down by…


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