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Citing alibaba to cut prices by as much as 55 for more than 100 products. Alibaba currently trading down 0. 6 . In the markets it is trepidation. Investors waiting for that crucial pce data out of the u. S. On thursday after a hotter than expected cpi data, prompting questions about perhaps what signs may be gleaned from the data to suggest what the fed might do with rate cuts. Bear in mind, Market Expectations now coming to about an 80 basis point car from the year, down from that 150 basis point level. In the broad market in terms of the Chinese Market, inching higher at this point in time. Csi 300 index up by 1. 6 . Still, there are concerns despite more Foreign Investors pouring money into the Chinese Markets, concerns about the clampdown prompting the expectations of more meddling by china. Gains due for the philippines and malaysia. The nikkei 225 currently consolidating, down 0. 6 after reaching new record highs. In terms of the fx space we have the yen trading at 149. 78, below

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