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Alibaba, Nio Fall 2%: Hang Seng Opens In The Red As Traders Digest China Factory Data, Await Fed Chair Speech
Tuesday, November 29, 2022 - 10:33pm | 836Hong Kong shares opened in the red on Wednesday morning Asia trade after China’s November factory activity narrowed at a faster pace. The official manufacturing purchasing managers' index (PMI) was recorded at 48 against a 49.2 reading in October, reported Reuters, citing the National...
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Alibaba, Nio Rise Over 2%: Hong Kong Stocks Firm As Easing Developer Regulations Outweigh China COVID-19 Protests
Monday, November 28, 2022 - 10:50pm | 732Hong Kong stocks opened higher on Tuesday, with the benchmark Hang Seng rising 3% in morning trade, despite continuing unrest in China over Xi Jinping’s strict COVID-19 restrictions. Investors and traders weighed in some good news on the Chinese regulatory front that intends to support...
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Alibaba, Nio Fall Over 2%: Hong Kong Stocks Weaker As Record China COVID-19 Cases Alarm Investors
Thursday, November 24, 2022 - 10:16pm | 713Hong Kong stocks opened in the red on Friday, with the benchmark Hang Seng losing over 1% in opening trade, as market focus shifted to increasing COVID-19 cases in China, which reported a record-high number of infections on Thursday. Hong Kong Stocks Today Stock Movement Alibaba...
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Alibaba, Nio Stocks Rise: Hang Seng Reflects Caution Ahead Of FOMC Minutes Release
Tuesday, November 22, 2022 - 10:59pm | 759Hong Kong stocks opened in the green on Wednesday, with the benchmark Hang Seng trading marginally higher ahead of the release of the FOMC minutes due later today. On Monday, Cleveland Federal Reserve President Loretta Mester reportedly stated she thinks the central bank...
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Alibaba, Nio Fall Over 3%: Hang Seng Opens Weaker As Focus Turns To Fed Minutes, China COVID-19 Cases
Monday, November 21, 2022 - 10:47pm | 844Hong Kong stocks opened in the red on Tuesday as investors and traders began considering the near-term risks weighing on the market, including the rising COVID-19 cases in China and the Federal Reserve’s minutes scheduled to be released on Wednesday. The benchmark Hang Seng lost close to 1%...
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Alibaba, Nio Slide Over 3%: Hong Kong Stocks Falter As China COVID-19 Death, Rising Cases Spark Fears
Sunday, November 20, 2022 - 11:19pm | 727Hong Kong stocks opened lower on Monday, with the benchmark Hang Seng losing over 2.5% in morning trade, as COVID-19 cases continued to rise in China and Beijing’s most populous district extended its stay-at-home requests to residents. Hong Kong Stocks Today Stock Movement...
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Alibaba, Meituan Surge Over 5%: Tech Stocks Pull Hang Seng Higher After China Issues Gaming Licenses
Thursday, November 17, 2022 - 11:11pm | 691Hong Kong markets opened higher on Friday, with the benchmark Hang Seng gaining close to 1% in morning trade, mostly led by tech stocks as China issued gaming licenses to a number of companies, in a move that potentially signals its crackdown on the gaming industry could be easing. Hong Kong...
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Tencent Stake-Cut In Meituan Sends Hang Seng Down Over 2.5%: Alibaba, EV Shares Take A Hit
Wednesday, November 16, 2022 - 10:46pm | 785Hong Kong stocks opened in the red on Thursday, with the benchmark Hang Seng losing over 2.5% in morning trade, following news of Tencent cutting its $20 billion stake in Meituan. The latter has said it would maintain its mutually beneficial business relationship with Tencent post the divestment,...
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Alibaba Up Over 2%, Nio Down 3%: Hong Kong Stocks Mixed As Varying Voices From Fed Cool Rally Down
Monday, November 14, 2022 - 10:20pm | 854Hong Kong stocks traded mixed on Tuesday morning, with the benchmark Hang Seng Index trading 1.87% higher, while some electric-vehicle stocks took a hit. Different voices from the U.S. central bank seem to have confused traders and investors as major Wall Street indices took a break from last...
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Alibaba Firms, Nio, Xpeng Surge: Hang Seng Opens 3% Higher After China Eases COVID-19 Curbs
Sunday, November 13, 2022 - 11:56pm | 753Hong Kong stocks opened in the green on Monday, with the benchmark Hang Seng rising over 3% in morning trade, after China eased some of its harsh COVID-19 rules. The country reduced quarantine by two days for those who come in close contact with infected people, and for inbound travelers, and...
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Alibaba Jumps 7%, Nio Surges 13%: Hang Seng Breaches 17,000-mark For 1st Time Since Mid-October
Thursday, November 10, 2022 - 11:57pm | 751Hong Kong stocks rose on Friday, with the benchmark Hang Seng opening over 5% higher, as softer-than-expected inflation in the U.S. sparked optimism among investors and traders that price rises may have peaked out. Hong Kong Stocks Today Stock Movement Alibaba Group Holding Ltd. (NYSE:...
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Alibaba Down 3%, Nio Plunges 9%: Hang Seng Opens In Red As All Eyes Turn to US Inflation Data Release
Wednesday, November 9, 2022 - 11:45pm | 832Hong Kong stocks opened weaker on Thursday, with the benchmark Hang Seng losing 1.84%, as investors eyed Thursday’s inflation data from the U.S. Hong Kong Stocks Today Stock Movement Alibaba Group Holding Ltd. (NYSE: BABA) -3.64% JD.com Inc (NASDAQ: JD) -3.72% Baidu Inc...
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Alibaba, Nio Fall: Hong Kong Stocks Weaken As China COVID-19 Cases Rise, US Midterm Results Eyed
Tuesday, November 8, 2022 - 11:35pm | 793Hong Kong stocks opened in the red on Wednesday, with the benchmark Hang Seng losing over 1%, as investors and traders await the results of the U.S. midterm elections and China’s producer prices dropped into deflation for the first time in about two years. Hong Kong Stocks Today Stock...
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Alibaba Falls Nearly 2%, Nio Slides 9%: What's Fraying Hang Seng Investor Nerves Today
Monday, November 7, 2022 - 11:35pm | 696Hong Kong stocks opened in the red on Tuesday, with the benchmark Hang Seng opening 0.18% lower as investors and traders remained cautious ahead of the U.S. mid-term election on Tuesday, as well as consumer price inflation data due later this week. Hong Kong Stocks Today Stock Movement...
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Alibaba Falls, Nio Rises: Hang Seng Opens Strong As Investors Eye China Trade Data, U.S. Mid-Terms
Sunday, November 6, 2022 - 10:33pm | 781Hong Kong stocks opened in the green on Monday morning, with the benchmark Hang Seng gaining over 1%, as investors shifted their focus toward U.S. mid-term elections and China trade data due later today. Hong Kong Stocks Today Stock Movement Alibaba Group Holding Ltd. (NYSE: BABA)...