On September 4, BABA-W rose 3.26% in regular trading, trading at HKD 110.9, with turnover of HKD 1.677 billion. The stock rebounded alongside a broad recovery across the Internet and Direct Marketing Retail sector after several consecutive sessions of selling pressure tied to the company's recent HKD 80 billion share placement.

BABA-W had declined over 3% on September 1 and continued to slide through September 3, as market concerns over equity dilution from the 710-million-share placement weighed heavily on the stock. JPMorgan noted in a recent report that the placement discount itself caused only approximately 0.3% in mechanical dilution impact, yet the market repriced old shareholders' holdings by roughly USD 19 billion — nearly double the fundraising amount — suggesting the reaction was significantly overdone. The placement proceeds are earmarked entirely for full-stack AI infrastructure investment.

The broader sector displayed strong recovery momentum, with JD-SW up 4.30%, Meituan-W up 4.12%, PA GoodDoctor up 3.75%, Ali Health up 3.12%, and JD Health up 2.61%. Meanwhile, options market activity on September 4 showed a USD 10.65 million straddle positioning for elevated volatility, alongside a USD 1.4 million bull call spread at the 130/140 strike range, reflecting a lean toward bullish sentiment among large-order flows.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)