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Chinese Stocks Plunge As Hang Seng Drops 1.39%, Extending Volatile Streak — Tech Giants JD.com, Alibaba, Baidu Tread Red Waters
Wednesday, October 9, 2024 - 12:28am | 329Read More...Chinese stocks experienced a sharp selloff on Wednesday, continuing a volatile trend across Asia-Pacific markets. The Hang Seng Index (HSI) in Hong Kong dropped 1.39% to 20,635.11, following Tuesday’s devastating 9.41% plunge—its worst single-day loss since the 2008 financial crisis. What...
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Hang Seng Index Set For Global Expansion With Prada, XPeng, And BeiGene On The Horizon
Friday, February 16, 2024 - 7:19am | 675Read More...Amid efforts to expand the Hang Seng Index, Hong Kong’s stock benchmark, Prada (OTC:PRDSY), XPeng (NYSE:XPEV), and BeiGene (NASDAQ:BGNE) are anticipated to be included. The potential addition of foreign companies may signal a significant shift in the global market and boost the city’s...
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China Market Woes Far From Over, Analyst Says: Talk Is Cheap, But Urgent Action Needed
Wednesday, February 7, 2024 - 4:04pm | 706Read More...While China’s ailing stock markets have regained some ground in the past couple of sessions, thanks to pledges and rhetoric that market losses will be addressed, there are more fundamental risks at play that equities could continue their downward spiral throughout 2024. Primary among these is...
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China Stock Rout Continues: Worst Week In 5 Years For Shanghai Index
Friday, February 2, 2024 - 1:16pm | 729Read More...Mainland China stocks slumped again on Friday, with the Shanghai Composite having its worst week in five years, while the CSI 300 index slumped to a five-year low. Shares listed on Hong Kong’s blue-chip index fared a little better, but were still down on the week, with the Hang Seng falling 2...
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Stimulus Moves Give China And Hong Kong Stocks A Lift
Thursday, February 1, 2024 - 1:08pm | 1222Read More...Key Takeaways: Beijing is rolling out a host of measures to boost economic growth and support sagging stock markets. The policies helped Hong Kong’s Hang Seng jump 4.2% last week, breaking a January losing streak Under a new policy, market valuation will become a performance metric for...
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Alibaba, JD.com rise: Hang Seng Trades Strong On The Last Trading Day Of 2022
Thursday, December 29, 2022 - 11:58pm | 706Read More...Hong Kong shares opened in the green on Friday with the benchmark Hang Seng gaining 0.9% in morning trade taking cues from Wall Street which witnessed the much-awaited rebound the day before. Shares of Alibaba and JD.com rose close to 1% while Baidu shares gained close to 2%. Meituan stock shed...
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Alibaba Falls, Nio Rises: Hang Seng Trades In Deep Red, Taking Cues From Pessimistic Wall Street
Wednesday, December 28, 2022 - 11:28pm | 747Read More...Hong Kong stocks opened mixed on Thursday morning, taking cues from Wall Street where major indices closed in the red on Wednesday as investors and traders lost optimism regarding any possible year-end rebound and braced themselves for the new year. The benchmark Hang Seng lost over 1% in morning...
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Tesla Production Reports Lead To Carnage For Chinese EV Stocks As Hang Seng Tech Majors Hold It Together
Wednesday, December 28, 2022 - 12:12am | 723Read More...Hong Kong stocks opened mixed although the benchmark Hang Seng rose over 2% in morning trade as China has removed some of its COVID restrictions earlier than anticipated. Shares of Alibaba, Meituan and Tencent gained over 2% in morning trade. Hong Kong Stocks Today Stock Movement Alibaba...
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Alibaba, Nio Plunge Close To 6% As Unrest Over Xi Jinping's Covid-Zero Policies Pulls Hong Kong Stocks Down
Sunday, November 27, 2022 - 10:17pm | 719Read More...Hong Kong stocks witnessed a sharp decline on Monday with the benchmark Hang Seng falling over 3% in morning trade as the unrest in China over Xi Jinping’s COVID-zero policies weighed on the market. Shares of Alibaba and JD.com lost close to 6% in morning trade while EV peers including Nio,...
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Alibaba, JD Put Up Resistance As Hang Seng Index Falls Below 15,000 Level For 1st Time Since 2009
Monday, October 24, 2022 - 11:12pm | 727Read More...Hong Kong stocks traded mixed on Tuesday with the benchmark Hang Seng Index falling over 1% in morning trade as investors continued to flee mainland Chinese stocks following President Xi Jinping’s historic consolidation of power. At the time of writing, Hang Seng was trading below the 15,000...
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Alibaba Stock Holds It Together But Nio And EV Peers Plunge Despite Upbeat China PMI Data
Thursday, September 29, 2022 - 11:45pm | 652Read More...Hong Kong stocks opened lower on Friday morning following another sell-off on Wall Street after a temporary relief rally. Electric Vehicle stocks plunged with Xpeng, Li Auto and Nio falling over 4% in morning trade. Hong Kong Stocks Today Stock Movement Alibaba Group Holding Ltd. (NYSE: BABA...
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Alibaba, Other Hong Kong Stocks Show Optimism In Early Trade Even As Analysts Downgrade China Growth Projections
Thursday, August 18, 2022 - 10:18pm | 736Read More...Hong Kong’s Hang Seng index opened in the green on Friday, gaining 0.12% in opening trade, following a muted session on Wall Street. Investors also digested macro news from Japan where the headline inflation rose to 2.6% in July as compared to 2.4% in June. Hong Kong Stocks Today Stock...
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Alibaba, EV Stocks Fall, Tencent Bucks The Trend After Earnings Report: Hang Seng Index Today
Wednesday, August 17, 2022 - 10:18pm | 728Read More...Hong Kong’s Hang Seng index opened in the red on Thursday, losing 0.39% in morning trade, following a sluggish session on Wall Street on Wednesday. The U.S. Federal Reserve has indicated more rate hikes according to the minutes of its policy meeting. However, it did indicate the pace of the...
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Hong Kong Stock Exchange Stares At 5th Straight Decline In Quarterly Profit: Could Alibaba's Primary Listing Be A Boon?
Wednesday, August 17, 2022 - 12:04am | 383Read More...Hong Kong’s stock exchange is projected to post its fifth straight decline in quarterly profits as trading volumes slide and IPOs slow down, reported Bloomberg. The Hong Kong Exchanges & Clearing Ltd. (HKEX) is expected to report a 9% decline in net profit to HK$2.52 billion ($322...
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Alibaba Gains, EV Stocks Lose Shine: Hong Kong Traders Keenly Await Tencent Earnings
Tuesday, August 16, 2022 - 10:21pm | 619Read More...Hong Kong’s Hang Seng index opened in the green on Wednesday, gaining 0.3% in morning trade as investors keenly await Tencent’s earnings, along with the New Zealand central bank rate decision. Hong Kong Stocks Today Stock Movement Alibaba Group Holding Ltd. (NYSE: BABA) 0.5...
















