The Hang Seng index recovered a bit today, up 1.13% at 27,721. Alibaba, however, had a cracking day, up 9.89% at HK$35.55. That added HK$18 billion or US$2.3 billion to its market cap which now stands back up at HK$179 billion (US$22.9 billion). At one point, the price hit HK$38.10, approaching it's all time highs.
What's got the market all excited about them again? I have no idea.
Tuesday, November 20, 2007
Ali-oop. What's going on?
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