Don’t waste your time – keep track of how NFP affects the US dollar!

Thank you for visiting our website

The ASIC policy prohibits us from providing services to clients in this region. Are you already registered with FBS and want to continue working in your Personal area?

Personal area

Facebook like

Alibaba's sell-off starts

Alibaba's sell-off starts


What happened?

Chinese stocks were pressed by the US plans to kick them off US stock exchanges. US securities want Chinese companies to comply with US auditing standards. Otherwise, if they fail to do so in three years in a row the US has all rights to de-list Chinese companies from US exchanges, according to the law signed by Donald Trump in December. Besides, firms can’t be owned or controlled by foreign governments or Chinese Communist Party officials. Some analysts believe Chinese firms won’t be able to comply with US regulations as they may risk breaking Chinese law as accounting may involve national security data.

What does it mean?

This news is negative for Chinese stocks. It triggered a sharp sell-off of the US-listed Chinese companies. Alibaba has already plunged by 4% in pre-market hours. Do you remember, at the beginning of Biden’s presidency, most people thought the new president would be more amicable towards China, US-China relations would improve? However, the reality has turned out to be different. The US and China will continue negotiating, which will cause market volatility.

Technical analysis

The second from the last candle is a shooting star, and the last candle is long and bearish. Therefore, we might expect the continuation of the falling. The support is placed at the recent low of $225.00. If Alibaba manages to break it, the way down to the low of December of the last year at $215.00 will be clear. In the least likely scenario, if the price crosses the recent high of $240.00, the doors will be open to the 50-day moving average of $250.00.


Don't know how to trade stocks? Here are some simple steps.

  1. First of all, be sure you’ve downloaded Metatrader 5. FBS allows you to trade stocks only through this software.
  2. Open the MT5 account in your personal area.

                                                                                                  LOG IN



Deposit with your local payment systems

Got questions? FBS Oceania Customer Support is ready to help!

Contact us via email at