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/biz/ - Business & Finance

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>> No.23920663 [View]
File: 22 KB, 341x356, baba.png [View same] [iqdb] [saucenao] [google]
23920663

BABA ADRs are represent 8 shares traded on the HKEX, and USD/HKD = 7.75, so pic related means BABA opened at about 266 USD even though after hours it's sitting at 260.

What's up with that $6 instantaneous differential?

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