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Jan. 20, 2022, 7:27 a.m. EST

Alibaba stock surges as interest rate cut in China fuels broad rally

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By Tomi Kilgore

Shares of Alibaba Group Holding Ltd. /zigman2/quotes/201948298/composite BABA +0.51% shot up 5.9% in premarket trading Thursday, putting it on track for the biggest gain this year, as an interest rate cut by the People's Bank of China helped fuel a rally in the U.S.-listed shares of China-based companies. Among other more-active shares of China-based companies, JD.com Inc. /zigman2/quotes/205122565/composite JD +2.22% jumped 6.7%, Nio Inc. /zigman2/quotes/204905836/composite NIO -2.68% rallied 2.7%, DiDi Global Inc. /zigman2/quotes/227703899/composite DIDI -4.00% climbed 3.2%, iQIYI Inc. /zigman2/quotes/203657421/composite IQ -2.68% gained 4.3%, XPeng Inc. /zigman2/quotes/219982686/composite XPEV -5.54% rose 2.7% and Baidu Inc. /zigman2/quotes/209050136/composite BIDU -0.38% gained 5.0%. Meanwhile, the iShares MSCI China ETF /zigman2/quotes/206267952/composite MCHI +0.04% was up 3.7% while futures /zigman2/quotes/209948968/delayed ES00 -0.84% for the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.86% edged up 0.5%.

/zigman2/quotes/201948298/composite
US : U.S.: NYSE
$ 87.23
+0.44 +0.51%
Volume: 14.00M
May 23, 2022 4:02p
P/E Ratio
23.51
Dividend Yield
N/A
Market Cap
$239.11 billion
Rev. per Employee
$515,979
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/zigman2/quotes/205122565/composite
US : U.S.: Nasdaq
$ 53.33
+1.16 +2.22%
Volume: 11.44M
May 23, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$83.53 billion
Rev. per Employee
$399,673
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/zigman2/quotes/204905836/composite
US : U.S.: NYSE
$ 16.00
-0.44 -2.68%
Volume: 65.59M
May 23, 2022 4:03p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$28.88 billion
Rev. per Employee
N/A
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/zigman2/quotes/227703899/composite
US : U.S.: NYSE
$ 1.44
-0.06 -4.00%
Volume: 94.04M
May 23, 2022 4:02p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$7.28 billion
Rev. per Employee
$1.10M
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/zigman2/quotes/203657421/composite
US : U.S.: Nasdaq
$ 4.00
-0.11 -2.68%
Volume: 14.41M
May 23, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$3.29 billion
Rev. per Employee
$809,013
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/zigman2/quotes/219982686/composite
US : U.S.: NYSE
$ 21.98
-1.29 -5.54%
Volume: 15.63M
May 23, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$20.97 billion
Rev. per Employee
$232,816
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/zigman2/quotes/209050136/composite
US : U.S.: Nasdaq
$ 124.00
-0.47 -0.38%
Volume: 1.78M
May 23, 2022 4:00p
P/E Ratio
27.33
Dividend Yield
N/A
Market Cap
$44.54 billion
Rev. per Employee
$424,245
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/zigman2/quotes/206267952/composite
US : U.S.: Nasdaq
$ 49.76
+0.02 +0.04%
Volume: 9.50M
May 23, 2022 4:15p
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/zigman2/quotes/209948968/delayed
US : U.S.: CME
$ 3,938.25
-33.50 -0.84%
Volume: 59,097
May 23, 2022 10:36p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,973.75
+72.39 +1.86%
Volume: 2.39B
May 23, 2022 5:43p
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