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12.4.21 12:02_HangSeng_SHORT

Hang Seng Short. Asian stocks weaken in Monday’s session as investors assess the potential consequences of the effects of a huge antitrust fine on Alibaba Group. China’s Shanghai Composite Index fell 1.03% and the Shenzhen Index fell 1.44%. China slapped Alibaba on Saturday with a fine of CNY 18 billion ($ 2.75 billion), representing about 12% of Alibaba’s net profit for fiscal 2020. In addition, it’s no secret that the Alibaba Group is not the only company to which the domestic Chinese regulator under global pressure around intellectual property issues makes “tastes”.

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