Hong Kong shares opened lower on Wednesday, with the benchmark Hang Seng slipping 2.5%, taking cues from the S&P 500 which fell deeper into the bear territory after hitting a near two-year low. The Chinese yuan hit its lowest level since 2008 and was trading at 7.2296 against the dollar on Wednesday.
Yesterday, 12:45 PM
Streaming giant Netflix Inc. (NASDAQ: NFLX) has produced some of the most well-received shows of the last decade including “Stranger Things” and “Squid Game.”
Alibaba, JD, Nio Mixed: Hang Seng Muted As Investors Await Cues, Gloomy World Bank Forecast For China Weighs
September 26, 10:55 PM
Hong Kong stocks opened mixed on Tuesday, with the benchmark Hang Seng Index edging 0.05% lower and investors searching for cues, as global markets continued to bleed in the aftermath of the U.S. Federal Reserve’s aggressive rate hike and projections.
September 26, 1:46 PM
Onboarding the next group of people to the world of non-fungible tokens could see an evolution beyond art and profile pictures into the increased utility of gaming, sports, tickets and company rewards. Large companies with massive customer bases can also help onboard more people to the space, but it may come at a cost.
September 25, 10:31 PM
Hong Kong shares opened in the green on Monday, defying a wider Asia trend as most markets in the region were still plagued by negative sentiment triggered by the U.S. Federal Reserve's aggressive rate hike and outlook. The benchmark Hang Seng was 0.27% higher in early trading, while bourses in South Korea and Japan plunged over 2%.
Alibaba, XPeng Fall Over 1%: Hang Seng Opens Weaker As Investors Continue To Gauge Impact Of US Fed Rate Projections
September 22, 10:49 PM
Hong Kong stocks opened in the red on Friday, with shares of Alibaba and XPeng falling over 1% each as investors continued to gauge the U.S. Federal Reserve’s rate projections for tackling inflation. The Hang Seng Index fell 0.34% at the open and continues to trade near its 2011 lows.
September 21, 10:49 PM
Hong Kong's benchmark Hang Seng Index lost over 1.9% in opening trade to hit 2011 lows after the U.S. Federal Reserve raised interest rates by 0.75% and indicated they could be hit as high as 4.6% next year. That dented stocks of U.S.-listed Chinese EV makers, whose business prospects depend a lot on interest rates.
September 19, 11:54 AM
Chinese tech stocks suffered a meltdown since many hit all-time highs in early 2021, with no significant improvement in 2022 compelling Goldman Sachs to at least take a new look at this sector,
Nio, EV Shares Drop Over 1%, While Alibaba, Tech Peers Mixed: What’s Weighing On Hong Kong Stocks Today
September 14, 10:33 PM
Hong Kong stocks opened mixed on Thursday morning, with the benchmark Hang Seng gaining 0.38%, while EV stocks declined. Shares of XPeng, Li Auto and Nio fell over 1%.