Alibaba's shares declined after a discounted secondary offering, while semiconductor stocks also slipped in premarket trading.
Alibaba’s stock fell in premarket trading following the announcement of a discounted secondary share sale. The company’s shares were down as investors reacted to the offering.
Chipmakers also declined in early trading, with the sector tracking broader market weakness.
Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.
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