Stock Movers: Why Alibaba, Chinese Leaders Are Down
Today’s IBD Stocks on the Move screen features several top Chinese companies whose shares are seeing steep drops following reports that indicate slower manufacturing growth in the world’s No. 2 economy. Two different surveys pointed to manufacturing weakness. The National Bureau of Statistics’ purchasing managers’ index (PMI), which focuses on large state-owned factories, fell to an eight-month low of 50.3 in November, below views for 50.6, from