Alibaba hit by the regulator

Alibaba hit by the regulator

Ant's IPO fiasco set to clip its wings and dent its value.

  • China’s surprise suspension of Ant Group’s record $37 billion listing is likely to dent the financial technology giant’s valuation and growth prospects.
  • The price of Bitcoin seesawed amid growing regulatory pressure on cryptocurrency exchanges in China and Hong Kong.
  • Wall Street’s main indexes surged as investors bet that an excruciatingly close race for the White House could end with gridlock in Congress.

The information presented herein is prepared by CAPEX.com and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.

Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.