Alibaba shares slip below HK$100 as Hang Seng slides

Written by Falling Shares Intelligence, our automated newsroom, from the public sources listed below and live market data. Every figure is checked against that material before publication, but the story has not been reviewed by a human editor. Check the linked sources before relying on it, and report errors to info@fallingshares.com.

Alibaba shares fell 4.97% on Thursday, closing at 95.6 HKD after slipping below the HK$100 mark. The decline came as the Hang Seng Index dropped nearly 200 points, pushing the broader market down 0.9%.

Trading volume and market context

Alibaba traded 84,720,551 shares in the latest session. The stock closed at 95.6 HKD against a previous close of 100.6 HKD. The company’s market capitalisation stood at 1.90 trillion HKD following the drop.

Alibaba’s stock is now 44.9% below its 52-week high of 174.2 HKD, while its 52-week low sits at 88.65 HKD.

Performance and stability metrics

By Falling Shares' measure, the stock is rated Unstable, with annualised volatility of 42.8% compared to 17.2% for the benchmark. The stock has recorded eight sessions with moves of 5% or more in the past six months.

Over the past year, Alibaba’s shares have fallen 39.8%, and the 50-day moving average has crossed below the 200-day average, a pattern known as a death cross. The stock is currently 21.6% below its 200-day average.

Earnings estimates and corporate plans

Consensus earnings per share estimates for the current year have been cut by 5.9% over the past 90 days, falling from 5.78 to 5.44. This revision adds to the pressure on the stock’s valuation.

Separately, Alibaba has announced plans to list its semiconductor business independently as demand for domestic AI chips grows. This move comes as Nvidia faces new competition in the sector, according to reports on the company’s strategic direction.