Alibaba Shares Plunge Nearly 9% After China Suspends Ant Group's IPO

Shares in Alibaba Group Holding, founded by Chinese billionaire Jack Ma, dropped almost 9 per cent on Tuesday, after Ant Group's mega $37-billion listing was suspended in both Shanghai and Hong Kong. The suspension of the fintech company's IPO is a major setback just two days before what was set to be the world's largest-ever stock market debut. The Alibaba stock slumped as much as 8.97 per cent to $284 at the lowest level recorded i...