alibaba group holding ltd  adr baba shares are trading lower by 323 to 8144 tuesday afternoon shares of several chinese companies are trading lower following weak china manufacturing data see also alibaba likely to struggle with cloud growth analysts say per a report by scmp chinese manufacturing shrank in april with the official index falling to 492 in april from 519 in march the index reading was “significantly lower than consensus and our own expectations” indicating “sluggish enddemand” goldman sachs said in a report cited by the scmp see also why charles schwab schw stock is falling sharply while may day data showed improved mobility the key questions are whether they would translate into robust consumer spending the us bank said reported scmp us listed chinese stocks may also be experiencing selling pressure tuesday amid a broader us market selloff stocks across sectors are lower amid regional banking sector worries and concerns over the us potentially reaching the debt limit by june 1 investors also await wednesdays fed decision according to data from benzinga pro baba has a 52week high of 12584 and a 52week low of 5801