Why Alibaba, JD.com, and RTX Stocks Dropped Monday
Shares of Chinese companies that rallied Wednesday, then slipped, then rallied again on Friday, were giving back some of their gains again on Monday morning.
Shares of Chinese e-cigarette maker RLX Technology (NYSE: RLX), for example, were down 8% as of 10:25 a.m. EDT. Internet giant Alibaba (NYSE: BABA) had lost 8.5%. And its e-commerce rival JD.com (NASDAQ: JD) was leading the sector lower with a 10% loss.
Image source: Getty Images.
Source Fool.com
