The GraniteShares 1.75x Long BABA Daily ETF (BABX) closed down 6.02% at $21.54 on February 5th, as Alibaba Group's shares fell 3% amid escalating trade tensions and regulatory challenges. Alibaba's stock, which traded as low as $99.69, was impacted by the U.S. Postal Service's temporary suspension of inbound parcels from China and Hong Kong, a move that was later reversed but still contributed to market volatility. Additionally, the U.S. and China have been engaged in a tit-for-tat tariff exchange, with China imposing higher levies on U.S. imports and export bans on key minerals, further straining relations. The uncertainty surrounding these trade tensions has weighed heavily on Chinese e-commerce stocks, including Alibaba, as investors remain cautious about potential escalations.