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Alibaba#39;s Hong Kong shares slide 8% after cloud unit spin-off shelved

The stock fell to as low as HK$75.0, down 7.8%, in opening trade, the first reaction in Asia since the announcement late on Thursday. The company#39;s U.S. listed securities closed down 9%.

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​ The stock fell to as low as HK$75.0, down 7.8%, in opening trade, the first reaction in Asia since the announcement late on Thursday. The company#39;s U.S. listed securities closed down 9%. The stock fell to as low as HK$75.0, down 7.8%, in opening trade, the first reaction in Asia since the announcement late on Thursday. The company#39;s U.S. listed securities closed down 9%.  Moneycontrol Latest News Read More  

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