Ali Baba stock price hits record highs despite Trump’s threats to blacklist Ant Group

Shares of AliBaba Group (KRX: 9988) soared over 3% to log record highs this week as buyers approach the psychologically-important 300.00 handle.  Fundamental analysis: Trump may blacklist Ant Group It appears that the U.S. president Donald Trump may add Ant Group, the world’s biggest fintech firm, to the U.S. “Entity List”. AliBaba bought a 33% stake in Ant Financial two years ago. This list requires U.S. companies to obtain a permission before dealing with the blacklisted companies.  Ant Group is preparing to make its market debut by the end of this year. In case Trump decides to do so, stock