Is Trip.com About To Take Off?
When the going gets tough, packing up your bags and going on holiday isn’t most people’s idea of a first choice.
BYD Beats Q3 Analyst Expectations; HSBC Cuts Price Target But Cites Continued Growth
BYD Company Limited (OTC: BYDDF) (OTC: BYDDY) reported earnings for Q3 2023 after the bell in Hong Kong that beat analyst expectations by a wide margin.
Is It Time To Buy Nio?
This year hasn’t been one for investors in Nio Inc (NYSE: NIO) to remember with much fondness.
Tencent Investors Cheer Hong Kong’s Second-Largest IPO For 2023
Tencent Holdings Limited (OTC: TCEHY)-backed J&T Global Express breathed life back into Hong Kong’s flagging IPO market with an oversubscribed market debut Friday.
Chinese EV Names Jump In Hong Kong As Tesla Scraps Discount For Chinese Model Y
Chinese EV makers leaped on news that Tesla was scrapping a Model Y discount Friday as investors hoped that the move signaled the beginning of a détente to the country’s EV price war.
Xpeng was up 4%, Li Auto was trading 3% higher and Nio rose 2% by lunch time in Hong Kong trading. BYD was up just over 1%.
Strong Consumer Turnout Drives Hong Kong Stocks Higher Friday As China’s Former Premier Li Keqiang Dies At 68
Hong Kong stocks rallied Friday as the week closed out higher for consumer stocks and EV makers which investors hope will be the beneficiary of a forthcoming government stimulus.
The Hang Seng Index ended the day 2.1% higher at 17,398.73 while China’s CSI 300 Index rose 1.4% to 3,562.39.
What Do Q3 Earnings of Two Of The Largest Chinese Financial Firms Tell Us About China’s Economy Right Now?
Thursday, two of China’s largest financial institutions released third quarter earnings.
Why Did One Of China’s Biggest Consumer Names Sell-Off 20% Thursday?
Sportswear maker Li Ning Co Ltd (OTC: LNGGY) (OTC: LNGGF) became the latest casualty of a downturn in China and Hong Kong, after the company announced Wednesday night it had missed sales expectations in the third quarter.
Hong Kong Stocks End The Week In A Rout As China’s Central Bank Pumps $100 Billion Into Banking System Ahead Of Long Weekend
Shares in Hong Kong ended the week lower after a rout of selling among tech names and as property continues to skewer markets.
Investors also focused on bank earnings next week which they expect to be lower due to tightening margins. China’s Central Bank pumped a record stimulus into the banking system to keep short-term prime loan rates steady amid the recent credit woes.
The Week’s Top 5 China Tech Stories In Focus
Here are the story summaries of the Top 5 stories coming out of China’s fledgling tech sector this week: