-
Alibaba, Nio Stocks Drop: Hang Seng Opens Weaker As US Inflation Data, Fed Meet Eyed
Sunday, December 11, 2022 - 10:07pm | 771Hong Kong stocks opened in the red on Monday, with the benchmark Hang Seng losing 1% in morning trade, as investors and traders shifted focus to U.S. consumer price inflation due on Tuesday and the crucial FOMC meeting where the Federal Reserve is expected to hike its policy rates by 50...
-
Alibaba, Nio Rise: Hang Seng Opens Higher On Easing China Inflation, Strong Wall Street Cues
Thursday, December 8, 2022 - 10:28pm | 769Hong Kong shares opened in the green on Friday following positive cues from Wall Street where major indices gained following the release of the jobless claims data. Investors and traders also digested lower China inflation for November. Hong Kong Stocks Today Stock Movement Alibaba Group...
-
Alibaba, Nio Rise Over 1%: Hang Seng Rebounds On Easing COVID-19 Curbs In China
Wednesday, December 7, 2022 - 10:10pm | 763Hong Kong stocks opened in the green on Thursday morning, with the benchmark Hang Seng gaining over 1.5%, as investors and traders cheered the easing COVID-19 restrictions in China, which signaled a reopening of the economy. The government announced that work and local production cannot be...
-
Alibaba, Nio Stocks Mixed: Hang Seng Opens On Cautious Note As Recession Fears Grip Markets
Tuesday, December 6, 2022 - 10:07pm | 745Hong Kong stocks opened mixed on Wednesday morning as investors and traders remained cautious over recession concerns that sparked a weak session on Wall Street the day before. The benchmark Hang Seng gained 0.22% in opening trade with shares of Xpeng and Li Auto rising over 2%. However, shares of...
-
Alibaba Down 2%, Nio Falls Over 3%: Hang Seng Treads Water On Weak Wall Street Cues Over Rate-Hike Worries
Monday, December 5, 2022 - 10:45pm | 735Hong Kong shares opened lower on Tuesday, following an overnight decline in U.S. markets after some key economic data triggered fears of the Federal Reserve continuing to raise interest rates and causing a recession. Although the benchmark Hang Seng was marginally higher, EV stocks such...
-
Alibaba Up 5%, Nio Surges 12%: Hang Seng Jumps As China Dials Down Zero-COVID Controls
Sunday, December 4, 2022 - 11:26pm | 703Hong Kong stocks soared on Monday morning, with the benchmark Hang Seng index rising over 3%, as China relieved some of its COVID-19 restrictions, easing testing rules in some cities. Hong Kong Stocks Today Stock Movement Alibaba Group Holding Ltd. (NYSE: BABA) 5.01% JD.com Inc (...
-
Alibaba, Nio Shed Over 2%: Hang Seng Opens Weaker As Investors Turn Cautious Ahead Of US Jobs Data
Thursday, December 1, 2022 - 11:06pm | 754Hong Kong stocks opened mixed on Friday morning as investors and traders remained cautious ahead of the release of U.S. jobs data — a key factor that will determine the Federal Reserve’s future course of action. The benchmark Hang Seng fell 0.35% as shares of Alibaba rose over...
-
Alibaba, Nio Soar Over 7%: Powell's Speech Fires Up Hang Seng After Strong Wall Street Close
Wednesday, November 30, 2022 - 10:18pm | 680Hong Kong stocks soared on Thursday with the benchmark Hang Seng opening 2.47% higher following Federal Reserve Chair Jerome Powell’s speech that indicated the central bank may slow the pace of rate hikes as soon as December. EV stocks surged, with Xpeng shares rising over 21%, playing catch-...
-
Alibaba, Nio Fall 2%: Hang Seng Opens In The Red As Traders Digest China Factory Data, Await Fed Chair Speech
Tuesday, November 29, 2022 - 10:33pm | 836Hong Kong shares opened in the red on Wednesday morning Asia trade after China’s November factory activity narrowed at a faster pace. The official manufacturing purchasing managers' index (PMI) was recorded at 48 against a 49.2 reading in October, reported Reuters, citing the National...
-
Alibaba, Nio Rise Over 2%: Hong Kong Stocks Firm As Easing Developer Regulations Outweigh China COVID-19 Protests
Monday, November 28, 2022 - 10:50pm | 732Hong Kong stocks opened higher on Tuesday, with the benchmark Hang Seng rising 3% in morning trade, despite continuing unrest in China over Xi Jinping’s strict COVID-19 restrictions. Investors and traders weighed in some good news on the Chinese regulatory front that intends to support...
-
Alibaba, Nio Fall Over 2%: Hong Kong Stocks Weaker As Record China COVID-19 Cases Alarm Investors
Thursday, November 24, 2022 - 10:16pm | 713Hong Kong stocks opened in the red on Friday, with the benchmark Hang Seng losing over 1% in opening trade, as market focus shifted to increasing COVID-19 cases in China, which reported a record-high number of infections on Thursday. Hong Kong Stocks Today Stock Movement Alibaba...
-
Alibaba, Nio Stocks Rise: Hang Seng Reflects Caution Ahead Of FOMC Minutes Release
Tuesday, November 22, 2022 - 10:59pm | 759Hong Kong stocks opened in the green on Wednesday, with the benchmark Hang Seng trading marginally higher ahead of the release of the FOMC minutes due later today. On Monday, Cleveland Federal Reserve President Loretta Mester reportedly stated she thinks the central bank...
-
Alibaba, Nio Fall Over 3%: Hang Seng Opens Weaker As Focus Turns To Fed Minutes, China COVID-19 Cases
Monday, November 21, 2022 - 10:47pm | 844Hong Kong stocks opened in the red on Tuesday as investors and traders began considering the near-term risks weighing on the market, including the rising COVID-19 cases in China and the Federal Reserve’s minutes scheduled to be released on Wednesday. The benchmark Hang Seng lost close to 1%...
-
Alibaba, Nio Slide Over 3%: Hong Kong Stocks Falter As China COVID-19 Death, Rising Cases Spark Fears
Sunday, November 20, 2022 - 11:19pm | 727Hong Kong stocks opened lower on Monday, with the benchmark Hang Seng losing over 2.5% in morning trade, as COVID-19 cases continued to rise in China and Beijing’s most populous district extended its stay-at-home requests to residents. Hong Kong Stocks Today Stock Movement...
-
Alibaba, Meituan Surge Over 5%: Tech Stocks Pull Hang Seng Higher After China Issues Gaming Licenses
Thursday, November 17, 2022 - 11:11pm | 691Hong Kong markets opened higher on Friday, with the benchmark Hang Seng gaining close to 1% in morning trade, mostly led by tech stocks as China issued gaming licenses to a number of companies, in a move that potentially signals its crackdown on the gaming industry could be easing. Hong Kong...