Chinese Stocks Pare Big Losses As Market Rallies

By | July 7, 2015

Scalper1 News

Several notable Chinese stocks were able to pare big losses Tuesday as the market rallied in the afternoon: Alibaba (BABA), Cheetah Mobile (CMCM), NetEase (NTES) and 58.com (WUBA). Alibaba fell as much as 5% in quick trade on the stock market today, hitting a new all-time trading low. Shares closed the session down a fraction. The e-commerce giant is trading 33% below its high of 120 reached last November. Cheetah Mobile also tested its 200-day Scalper1 News

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