Alibaba (BABA) Share Price Rises As Lockdowns Ease In China

Summary:

• Alibaba and other Chinese based companies may be able to return to normal production levels.

BABA stocks to benefit as lockdowns in China continue to ease

Although the US Stock markets are closed on Monday due to memorial day celebrations, Alibaba Share price has risen in the wake of China beginning to re-open after Covid-19 lockdowns. The lockdowns in China had taken a toll on many Chinese based companies due to slowing production, however, the easing of the lockdowns means that companies like Alibaba have a chance to start speeding up their production.

Currently, according to a source on finance.yahoo.com, the shares of Alibaba are fairly priced at the moment.

✕ BABA Price Chart

Read next: S&P 500 Sees Good Start To The Week, UK Economy Not Performing As Well As Its Major Economy Counter Parts 

Sources: finance.yahoo.com