BABA is trading at $139.57 (-3.15%) in pre-market, extending a sharp decline from $144.11 on February 27 as escalating US-Iran military conflict triggers a broader market selloff.
- Shares have fallen approximately 20% since late January, pressured by weaker earnings guidance and ongoing regulatory concerns surrounding Chinese equities.
- The decline aligns with a 1.36% drop in futures and a 9% surge in oil prices, with Chinese tech stocks facing heightened pressure due to geopolitical risks and exposure to Middle East disruptions.