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Why Alibaba Stock Slipped 11% in September

TheMotleyFool

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Why Alibaba Stock Slipped 11% in September

Alibaba (NYSE: BABA) stock continued to spiral in September as investors responded to an increasingly difficult regulatory environment. Concerns about Chinese real estate giant Evergrande going into default also spooked Chinese stocks.

As a result, Alibaba stock finished the month down 11%, according to data from S&P Global Market Intelligence, and you can see from the chart below that the stock fell steadily over most of the month.