StockWatch: De-listing Fears Hit Alibaba
Alibaba stocks have been hammered amid fears that it could be de-listed in America.
The SEC adopted a law that threatens to remove companies from the stock exchange unless they comply with American auditing standards.
Meanwhile, trade union Unite is setting up a hotline for Amazon staff to complain about their treatment at work. Will this put a halt to the company’s recent popularity?
Furthermore, as optimism rises over a potential global economic recovery from the pandemic, investors may look to rotate their portfolios away from tech, and into other areas such as stocks that gain as the economy recovers.
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