Gainers
HyreCar Inc. (NASDAQ: HYRE) jumped 60% to $1.2680 after the company announced it has received a $100 million revolving line of credit from a premier global investment bank and Medalist Partners.
Kingsoft Cloud Holdings (NASDAQ:KC) reported quarterly sales of $284.60 million which missed the analyst consensus estimate of $297.33 million by 4.28 percent. This is a 15.46 percent decrease over sales of $336.66
Key Takeaway:
Kingsoft Cloud has joined more than 100 companies that can be delisted in the U.S. amid an impasse in talks between Washington and Beijing over a U.S. law that requires Chinese companies listed in the country to share audit records, which the Chinese government considers state secrets
Hong Kong's benchmark Hang Seng Index edged lower on Thursday morning, with major U.S.-listed Chinese stocks trading mixed, after the city's central bank hiked interest rates in tune with the U.S. Federal Reserve's move overnight.