Market Snapshot: Services Sector Contracts, Alibaba Rallies on AI, Aussie Dollar Hits Yearly Highs

Key TakeawaysThe New York Fed's Business Leaders Survey revealed a significant downturn in the region's service sector, with business activity declining for the seventh consecutive month in September 2025, reaching its lowest reading in several months at -19.4.Alibaba Group Holding Ltd.'s (9988.HK) Hong Kong-listed shares have experienced a robust rally, with shares gaining 4.9% on March 18, 2025, and extending a three-day rally by 12.36% as of September 9, 2025, driven by increasing optimism surrounding it ...