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Alibaba, Nio Rise: Hang Seng Rises On Wall Street Cues, City Chief John Lee Gears Up For Beijing Visit
Tuesday, December 20, 2022 - 10:37pm | 780Hong Kong shares opened in the green on Wednesday, with the benchmark Hang Seng trading 0.3% higher. The city’s Chief Executive John Lee is set to travel to Beijing from Dec. 21 to Dec. 24 as part of his annual visit to brief state leaders on Hong Kong’s economic, social and...
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Alibaba, Nio Drop Over 2%: Hang Seng Opens Weaker As Wall Street 'Santa Claus' Rally Remains Elusive
Monday, December 19, 2022 - 10:18pm | 700Hong Kong stocks opened in the red on Tuesday morning with the benchmark Hang Seng losing 0.93% in morning trade as mounting fears of a recession are overshadowing hopes of a "Santa Claus" rally, generally seen during the end of the year. EV peers fell with Nio and Xpeng...
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Alibaba Up 3%, Nio Down 2%: Hang Seng Opens Higher As China Economic Optimism Outweighs COVID-19 Surge
Sunday, December 18, 2022 - 10:24pm | 687Hong Kong stocks opened in the green on Monday, with the benchmark Hang Seng rising 0.5% in morning trade on the back of China’s top leaders commenting they will focus on boosting the economy next year. Alibaba shares rose over 2% in morning trade while Nio stock lost over 2%. Meituan shares...
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Alibaba, JD, Tech Peers Fall: Hang Seng Opens Lower On Weak Wall Street Cues As Recession Fears Grow
Thursday, December 15, 2022 - 10:16pm | 729Hong Kong stocks opened weaker on Friday, with the benchmark Hang Seng losing 1% on overnight cues from Wall Street. Fears over recession gained momentum after U.S. November retail sales recorded their steepest drop in close to a year, suggesting consumers are reining in spending around the...
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Alibaba, Nio Fall Over 2%: Hang Seng Weakens After Fed Sees Rate Hikes Through Next Year
Wednesday, December 14, 2022 - 10:18pm | 725Hong Kong stocks witnessed a sell-off on Thursday despite the Federal Reserve’s 50 basis points rate hike being on anticipated lines as central bank officials projected rate increases through next year with no cuts until 2024. The benchmark Hang Seng traded over 2% lower. Alibaba, Nio,...
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Alibaba Up Nearly 2%, Nio Down 1%: What's Weighing On Hong Kong Stocks Today
Tuesday, December 13, 2022 - 10:21pm | 814Hong Kong stocks opened mixed on Wednesday, with the benchmark Hang Seng gaining 0.9% in opening trade after softer-than-expected consumer price inflation in the U.S. took major Wall Street indices higher. EV shares traded in the red, with Nio and Li Auto losing over 1...
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Alibaba Falls, Nio Flat: Hang Seng Tiptoes Up As US Inflation Data, Fed Meet Keeps Investors On Sidelines
Monday, December 12, 2022 - 10:15pm | 756Hong Kong stocks opened mixed on Tuesday as investors and traders await the crucial U.S. consumer price inflation data set to be released on Tuesday followed by the outcome of the Federal Reserve meeting on Wednesday. Hong Kong Stocks Today Stock Movement Alibaba Group Holding Ltd...
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Alibaba, Nio Stocks Drop: Hang Seng Opens Weaker As US Inflation Data, Fed Meet Eyed
Sunday, December 11, 2022 - 10:07pm | 771Hong Kong stocks opened in the red on Monday, with the benchmark Hang Seng losing 1% in morning trade, as investors and traders shifted focus to U.S. consumer price inflation due on Tuesday and the crucial FOMC meeting where the Federal Reserve is expected to hike its policy rates by 50...
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Alibaba, Nio Rise: Hang Seng Opens Higher On Easing China Inflation, Strong Wall Street Cues
Thursday, December 8, 2022 - 10:28pm | 769Hong Kong shares opened in the green on Friday following positive cues from Wall Street where major indices gained following the release of the jobless claims data. Investors and traders also digested lower China inflation for November. Hong Kong Stocks Today Stock Movement Alibaba Group...
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Alibaba, Nio Rise Over 1%: Hang Seng Rebounds On Easing COVID-19 Curbs In China
Wednesday, December 7, 2022 - 10:10pm | 763Hong Kong stocks opened in the green on Thursday morning, with the benchmark Hang Seng gaining over 1.5%, as investors and traders cheered the easing COVID-19 restrictions in China, which signaled a reopening of the economy. The government announced that work and local production cannot be...
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Alibaba, Nio Stocks Mixed: Hang Seng Opens On Cautious Note As Recession Fears Grip Markets
Tuesday, December 6, 2022 - 10:07pm | 745Hong Kong stocks opened mixed on Wednesday morning as investors and traders remained cautious over recession concerns that sparked a weak session on Wall Street the day before. The benchmark Hang Seng gained 0.22% in opening trade with shares of Xpeng and Li Auto rising over 2%. However, shares of...
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Alibaba Down 2%, Nio Falls Over 3%: Hang Seng Treads Water On Weak Wall Street Cues Over Rate-Hike Worries
Monday, December 5, 2022 - 10:45pm | 735Hong Kong shares opened lower on Tuesday, following an overnight decline in U.S. markets after some key economic data triggered fears of the Federal Reserve continuing to raise interest rates and causing a recession. Although the benchmark Hang Seng was marginally higher, EV stocks such...
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Alibaba Up 5%, Nio Surges 12%: Hang Seng Jumps As China Dials Down Zero-COVID Controls
Sunday, December 4, 2022 - 11:26pm | 703Hong Kong stocks soared on Monday morning, with the benchmark Hang Seng index rising over 3%, as China relieved some of its COVID-19 restrictions, easing testing rules in some cities. Hong Kong Stocks Today Stock Movement Alibaba Group Holding Ltd. (NYSE: BABA) 5.01% JD.com Inc (...
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Alibaba, Nio Shed Over 2%: Hang Seng Opens Weaker As Investors Turn Cautious Ahead Of US Jobs Data
Thursday, December 1, 2022 - 11:06pm | 754Hong Kong stocks opened mixed on Friday morning as investors and traders remained cautious ahead of the release of U.S. jobs data — a key factor that will determine the Federal Reserve’s future course of action. The benchmark Hang Seng fell 0.35% as shares of Alibaba rose over...
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Alibaba, Nio Soar Over 7%: Powell's Speech Fires Up Hang Seng After Strong Wall Street Close
Wednesday, November 30, 2022 - 10:18pm | 680Hong Kong stocks soared on Thursday with the benchmark Hang Seng opening 2.47% higher following Federal Reserve Chair Jerome Powell’s speech that indicated the central bank may slow the pace of rate hikes as soon as December. EV stocks surged, with Xpeng shares rising over 21%, playing catch-...