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China's Volatile Stock Exchanges May Hurt Shares Of Alibaba

A rout in the Chinese stock market is hurting more solid companies based in that region. When the Chinese government intervened at multiple levels to support the exchanges, the markets continued its decline, as represented by the 13.9 percent drop in iShares China Large-Cap ETF (NYSEARCA:FXI) from its high. Unfortunately, investors associated the troubles in China's market with Alibaba Group (NYSE:BABA). The commerce giant is now down 23.4 percent in 2015, and 33.65 percent from its yearly high.

Guilt by association

China is trying everything possible to support the stock market. First, it is suspending trading for one-quarter of the firms listed on the mainland exchanges. Second, the People's Bank of China cut borrowing costs. Third, the country will permit pension funds to invest. Finally, the China Securities Regulator Commission ("CSRC") is launching a special task force to a>