Alibaba and Stocks Fall Back After Historic Gains. What Comes Next?

This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit

  • Order Reprints

  • Print Article

Investors in Chinese stocks, long-accustomed to pain, have just seen an astonishing turnaround. What comes next?

Shares in Chinese tech giants Alibaba (ticker: BABA) and (JD) both notched eye-watering gains on Wednesday, climbing 37% and 39%, respectively. It was, by far, the most those two stocks have ever risen in one day, trouncing relatively paltry previous records of less-than 15% daily jumps.