Alibaba stock surges 6% despite record antitrust fine

Open account Download free app

Alibaba (BABA.US) – ADR rose more than 6% after Chinese anti-trust regulators fined the e-commerce giant with a $2.8 billion fine for abusing market dominance. Company said it doesn’t expect any further impact from the antitrust crackdown in China which clearly improved investors' mood. The fine only accounts for 4% of Alibaba's domestic sales, while the legislation allows for a 10% fine. “Despite the record fine amount, we think this should lift a major overhang on BABA and shift the market’s focus back to fundamentals,” Morgan Stanley wrote Sunday.

Alibaba (BABA.US) stock launched today's session with a massive bullish price gap and is currently testing major resistance at $242.00 which coincides with 200 SMA (red line). Should a break higher occur, upward move may accelerate. Next resistance lies at $253.08. On the other hand, if sellers will manage to halt advances here, then downward impulse towards support at $232.09 could be launched. Source: xStation5

7 April 2026, 4:00 PM

CME Group - the beneficiary of market volatility and geopolitical uncertainty? 📈

7 April 2026, 3:41 PM

United Health Group – The Medicaid decision supports the price

7 April 2026, 3:25 PM

US Open: Wall Street plunges as the Middle East escalation fears rise 📉Casey's will debut in S&P %00

7 April 2026, 2:54 PM

Broadcom Shares Soar on Deals with Google and Anthropic!

Stocks

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days