Alibaba Drops, SoftBank Bond Sale, Bitcoin Rally | Stock Movers

What happened

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Alibaba (BABA) is tumbling after announcing a plan to raise about HK$80 billion ($10.2 billion) from a share sale. The share placement is expected to dilute earnings and hurt stock performance in the near term, analysts said. Meanwhile, the fundraising will help drive AI-led growth and the impact on earnings will be limited if…

Summary assembled by rule from the sources below

Timeline

1. 14:26
   First appeared on Bloomberg TechnologyBloomberg Technology

Sources