This was the stock's second consecutive day of gains.
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.
Cosmetics company Estée Lauder is expected to cut 7000 jobs globally, which is more than its initial target of 3000, as a ...
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