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Alibaba shares fell 6%, their biggest drop in two months, as China tightened product quality standards.
Alibaba Group Holding Ltd. shares fell as much as 6% on Thursday, marking their largest drop since August 24, as investors grew concerned about Chinese authorities' push to tighten product quality standards and enhance consumer protection. Alibaba was the biggest drag on Hong Kong's Hang Seng Index, which fell as much as 2.8%, while the Hang Seng Tech Index also dropped by up to 4.5%.
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