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Alibaba (BABA) Stock Up As China Stocks Hit Seven-Week High

NEW YORK (TheStreet) -- Alibaba (BABA) stock is gaining by 2.33% to $70.31 in late afternoon trading on Monday, as some China-based U.S. traded stocks climb after China stocks rallied to seven-week highs on a possible stimulus.

The Shanghai Composite Index closed up by 3.3% to 3,287.66 today, with trading volumes reaching a one-month high, Bloomberg reports...


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