Alibaba Group Holding Ltd BABA shares are trading higher Tuesday after China's central bank cut its seven-day reverse repurchase rate.
What To Know: China's central bank lowered its short-term lending rate from 2% to 1.9%, per Reuters. The move represents the first cut in 10 months and aims to help improve market confidence given the country's sluggish post-pandemic…
This story from benzinga.com was posted on 2023-06-14 by @sunrays.