Nio, EV Shares Drop Over 1%, While Alibaba, Tech Peers Mixed: What's Weighing on Hong Kong Stocks Today
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%.
Alibaba, Baidu Slide Over 3% as Wall Street Horror Spreads to Hong Kong Stocks
Hong Kong shares plunged on Wednesday, taking cues from a heavy sell-off on Wall Street triggered by higher-than-expected U.S. inflation for August.
Nio Surges 18% on Upbeat Analyst Coverage: Hong Kong Stocks Mixed, US Inflation Data in Focus
Shares of electric-vehicle maker Nio surged 18% in Hong Kong on Tuesday morning, following positive analyst coverage, even as domestic stocks opened on a mixed note.
Alibaba, Nio Slip: Hong Kong Stocks Stumble as China Private Factory Survey Data Shrinks For 1st Time in 3 Months
Hong Kong stocks fell on Thursday, with the Hang Seng index losing 1.23% in opening trade. China's factory activity shrank for the first time in three months in August. The Caixin/Markit manufacturing purchasing managers' index (PMI) fell to 49.5 in August against 50.4 in July, reported Reuters.
Tech Giant Baidu Falls 6% on Revenue Drop: Chinese PMI Data, Sluggish Wall Street Drag Hong Kong Stocks
Hong Kong stocks opened in the red on Wednesday following a sluggish session on Wall Street as central bankers in the U.S. and Europe continued to maintain their hawkish tones. Shares of Baidu fell over 7% in opening trade after the company reported second-quarter earnings.
Alibaba, Nio, XPeng Fall Over 1%: Hang Seng Shows Some Resilience After Wall Street Plunge
Hong Kong shares showed a bit of resilience at the open on Monday, with the benchmark $恒生指数(800000.HK)$ falling just 1%, despite a significant plunge in all major U.S. indices on Friday driven by Fede
Meituan Reports 16% Growth in Q2 Revenue
Meituan press release (OTCPK:MPNGF): Q2 GAAP EPS of -RMB0.18. Adjusted profit of RMB 2.06B. Revenue of RMB50.9B (+16.2% Y/Y). Meituan CFO Shaohui Chen said, "The ongoing pandemic has presented continu
Alibaba, JD, Nio Shoot Up Over 2%: Hang Seng Shadows Firmer Wall Street Ahead of Powell's Jackson Hole Speech
Hong Kong stocks opened higher on Friday, tracking an upbeat Wall Street session overnight, as investors braced for U.S. Federal Reserve Chair Jerome Powell's speech at the Jackson Hole summit due later in the day.
Notable Earnings Before Friday's Open
Major earnings expected before the bell on Friday include: JinkoSolar Holding (JKS) Meituan (OTCPK:MPNGF) For Seeking Alpha's full earnings season calendar, click here.
XPeng Plunges 10% on Weak Results, Alibaba Sheds 1%: Hang Seng Opens Lower as Fed's Jackson Hole Meet Takes Precedence
Electric-vehicle stocks plunged in Hong Kong on Wednesday morning, with Tesla rival XPeng Inc tumbling over 10% after posting a quarterly net loss that more than doubled.