Though South Korean auto brand Kia also witnessed a 12.6% dip in registrations, it was offset by the rise in registrations for its sister brand Hyundai.
Alibaba Group (NYSE: BABA) is considering a $5 billion convertible bond sale, following rival JD's move. This could fund share repurchases and growth. BABA's ADRs have dropped 6.6% this week. Reports of bearish sentiment from U.S. short sellers may have caused this. BABA reported 7% revenue growth in Q4 2023. BABA stock has lost 0.24% in the last 12 months.
Taiwan Semiconductor's supplier Applied Materials is expected to see a revenue increase this quarter due to rising demand for AI and consumer products.