Alibaba shares fell 2% after the company announced a $10.2 billion share issuance to non-U.S. investors to fund AI projects. Semiconductor and memory stocks also struggled, with declines ranging from 2% to over 5% for companies like Marvell, Sandisk and Micron. Conversely, steel manufacturers Nucor and Steel Dynamics surged more than 4% and 3.5% respectively after U.S.-Canada trade negotiations collapsed on Friday. Cryptocurrency platforms Robinhood and Coinbase each lost 1%, with bitcoin stalling around $77,000 after a 22% rally last week.
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