Asia - Spark Newswire

3 minute read

Alibaba, Nio Fall Over 5%: Hang Seng Opens Weaker As Fed Stays Hawkish, China Asserts COVID-Zero Policy

Today, 9:36 AM

Hong Kong shares opened in the red on Thursday, with the benchmark Hang Seng falling over 0.9% in morning trade, after the Federal Reserve’s anticipation of a higher bar for interest rates to rein in inflation

BABA

2 minute read

World’s Largest Apple iPhone Plant Hit With New Lockdowns In China: What You Need To Know

By Adam Eckert

Today, 9:36 AM

China has ordered an industrial park that includes the world’s largest Apple Inc (NASDAQ: AAPL) iPhone assembly plant to enter a seven-day lockdown related to

AAPL

1 minute read

Munster Says Apple Entering Transition Phase Of Reducing Reliance On China

By Bhavik Nair

Today, 9:36 AM

Apple Inc (NASDAQ: AAPL) is entering a transition of reducing its reliance on China that may take as long as a decade to achieve, said

AAPL

1 minute read

Tesla China Rival Reportedly Pauses Production As COVID-19 Curbs Bite

By Bhavik Nair

Today, 9:36 AM

Tesla Inc (NASDAQ: TSLA) rival and Chinese EV-maker Nio Inc (NYSE: NIO) has suspended production at its factories owing

NIO

2 minute read

Alibaba, Nio Stocks Fall As Hong Kong Investors Turn Cautious Ahead Of Fed Meet

By Bhavik Nair

Today, 9:36 AM

Hong Kong stocks opened lower on Wednesday morning as all eyes turned toward the Federal Reserve’s policy announcement later in the day. The benchmark Hang Seng fell 0.8% and Xpeng shares fell over 8%, while Nio shares lost over 6%. Alibaba shares lost over 2%.

BABA

2 minute read

Tesla China Rivals See Shares Shoot Higher Amid Mixed October Deliveries: Are Investors Moving Past Xi Jinping Related Selloff?

By Shanthi Rexaline

Today, 9:36 AM

Chinese electric vehicle startups Nio Inc. (NYSE: NIO), XPeng Inc. (NYSE: XPEV) and Li Auto Inc.

2 minute read

Could Titanium Sponge Become A Geopolitical Tool For Russia, China To Restrain The US Aerospace Industry?

By Robert Kuczmarski

Today, 9:36 AM

Titanium sponge, the basis for titanium metal, is lighter and tougher than steel and is essential for the aerospace industry.

5 minute read

Things Don’t Add Up Well in Used Computer Renter’s IPO Bid

By The Bamboo Works

Today, 9:36 AM

Key Takeaways: LX Technology, parent of Little Bear Rental, has been approved for a Hong Kong IPO, despite losing over 740 million yuan in the past three and a half years Its major early shareholders, including Tencent, Lenovo and JD.com, have started cutting their ties with the company even before the IPO By Tina Yip

2 minute read

Alibaba, Meituan, Nio Jump: Hang Seng Looks Past Weak China Factory Data To Focus On Fed Policy

By Bhavik Nair

Today, 9:36 AM

Hong Kong shares opened in the green on Monday, with the benchmark Hang Seng rising 0.63%, as investors and traders shrugged off a contraction in China’s factory activity while focussing more on the possibility of the U.S.

BABA

2 minute read

Mark Mobius Says China May Ease COVID-Zero Policy By Year-End — But Has This Worry For Private Sector

By Bhavik Nair

Today, 9:36 AM

Emerging markets expert and founder of Mobius Capital Partners, Mark Mobius, has said that China is likely to ease its Covid Zero policy by the end of 2022 as its economy is struggling and the government needs money &ldqu

BABA