Asia - Spark Newswire

5 minute read

New Oriental Emerges from Carnage of Education Cleanup

Today, 9:29 AM

Key Takeaways: New Oriental Education returned to profitability in its latest reporting quarter, as its revenue declines continued to ease The company’s new business mix after China banned K-12 tutoring in core curriculum areas includes non-academic tutoring and study abroad services By Doug Young

EDU

2 minute read

Alibaba, JD Surge Over 8%: Hang Seng Shoots Up On Tech Rally

By Bhavik Nair

Today, 9:29 AM

Hong Kong stocks opened in the green on Thursday, with the benchmark Hang Seng gaining 2.8% in morning trade. The rally was led by tech stocks, with Alibaba and JD.com gaining over 8% and 9%, respectively. Shares of Meituan and Tencent Holdings gained over 4%.

BABA

2 minute read

Climate Change Politico Purchases Two High-Yielding Energy Stocks After Tech Stock Focus

By Robert Kuczmarski

Today, 9:29 AM

Thomas Suozzi is the U.S. Representative (D) for New York's 3rd District. Suozzi is a member of the House Ways and Means Committee, which is the chief tax-writing committee that has jurisdiction over taxation, tariffs and other revenue-raising measures.

AMD

2 minute read

As Markets Worry Over Xi Jinping, ‘Big Short’ Fame’s Michael Burry Notes Drastic Drop In Hang Seng Valuation Despite GDP Surging 18x From 1997

By Bhavik Nair

Today, 9:29 AM

On Monday, Hong Kong’s benchmark index Hang Seng fell below the 15,000 mark for the first time since April 2009 as investors continued to flee mainland Chinese stocks following President Xi Jinping’s

BABA

2 minute read

Nio Surges 15%, Alibaba Up Nearly 1%: What’s Pushing Hong Kong Stocks Higher Today

By Bhavik Nair

Today, 9:29 AM

Hong Kong shares opened in the green on Wednesday, with the benchmark Hang Seng gaining 2.5%, as investors began considering the possibility of slowing aggression by the Federal Reserve when it announces its monetary policy next week.

BABA

2 minute read

Bounce After The Bloodbath? Here’s What’s Going On With China Stocks

By AJ Fabino

Today, 9:29 AM

Tuesday saw a recovery in China stocks following the previous session's sell-off of Chinese assets by foreign investors who were concerned that President Xi Jinping's new leadership team would prioritize

BABA

2 minute read

What Will Big Tech Earnings Tell Us About China?

By AJ Fabino

Today, 9:29 AM

While Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) — reporting after the closing bell Tuesday — Meta Platforms Inc (NASADQ: META), and Netflix Inc (NASDAQ:

AAPL

5 minute read

China’s ‘Wartime Cabinet’ Is Complete: What Xi Jinping’s Loyalists Mean For US Stocks, Investing, Chip Sector, Taiwan

By Natan Ponieman

Today, 9:29 AM

Xi Jinping has been confirmed for a third five-year mandate as Chinese Communist Party general secretary. Were he to complete his third term, he would become the longest-running paramount leader since Mao Zedong.

AAPL

2 minute read

As Xi Jinping Firmed His Grip Over China, Foreign Investors Reportedly Exit Mainland Stocks At Record Pace

By Bhavik Nair

Today, 9:29 AM

Foreign investors have sold a record net 17.9 billion yuan ($2.5 billion) of mainland China shares through trading links with Hong Kong on Monday, with the year-to-date investment level turning into a small net outflow.

BABA

2 minute read

Alibaba, JD Put Up Resistance As Hang Seng Index Falls Below 15,000 Level For 1st Time Since 2009

By Bhavik Nair

Today, 9:29 AM

Hong Kong stocks traded mixed on Tuesday with the benchmark Hang Seng Index falling over 1% in morning trade as investors continued to flee mainland Chinese stocks following President Xi Jinping’s historic consolidation of power.

BABA