Why China-Exposed Stocks Alibaba, Estee Lauder, and Nike Rallied Today
Shares of Chinese stocks such as Alibaba ( BABA 7.15%) and China-exposed stocks Estee Lauder ( EL 5.38%) and Nike ( NKE 2.97%) rallied on Monday, up 6.2%, 5.2%, and 2.9%, respectively, as of 2:20 p.m. ET. Alibaba has been clawing its way back from a multiyear downturn, and both Estee Lauder and Nike had especially bad weeks last week.