Asia - Spark Newswire

2 minute read

China May Be Using Controversial Tool To Infuse Funds Into Policy Banks As It Seeks To Buckle Up Economy

Today, 9:25 AM

China has reportedly utilized a controversial tool to inject funds into policy banks for the first time in over two years, as Beijing increasingly turns to semi-official lenders to boost the economy at a time when the monetary stimulus is limited by rising glob

ACGBY

2 minute read

Alibaba, Nio Shed Over 2%: Why Hong Kong Shares Are Sliding Today

By Bhavik Nair

Today, 9:25 AM

Hong Kong stocks opened in the red on Monday after major Wall Street indices closed over 2% lower on Friday, following upbeat jobs data that could potentially pave the path for the U.S. Federal Reserve to continue on its aggressive rate hike path.

BABA

1 minute read

A Cemetery Service And A CPG Player: 2 High-Yielding Stocks This Congressman’s Trading

By Robert Kuczmarski

Today, 9:25 AM

Democratic Congressman Alan Lowenthal has two high-yielding dividend stocks in his family portfolio.

CCK

5 minute read

Cross-Border E-commerce Trader Zibuyu Files for IPO Despite Sinking Profits

By The Bamboo Works

Today, 9:25 AM

Key Takeaways: Cross-border e-commerce company Zibuyu has filed for a Hong Kong IPO, but could be undermined by its heavy reliance on Amazon and the U.S. market The company’s first-half profit plunged 46% as its merchandise return rates and costs both rose sharply By Stone Shek

AMZN

2 minute read

Alibaba Sheds 1%, Nio, EV Peers Tank Over 6%: Hong Kong Stocks Open Lower As Focus Turns To US Jobs Data

By Bhavik Nair

Today, 9:25 AM

Hong Kong stocks opened in the red on Friday ahead of the release of the U.S.

BABA

2 minute read

Samsung Shares Slide As Much As 2% On Bleak Q3 Profit View: Here’s Its Sales Forecast

By Bhavik Nair

Today, 9:25 AM

Samsung Electronics Co Ltd (OTC: SSLNF) has reported its earnings guidance for the third quarter, with the consolidated operating profit li

AMD

5 minute read

Falling IPO Star: Hong Kong Tipped to Lose Top-Three Ranking Again

By The Bamboo Works

Today, 9:25 AM

Key Takeaways: As of the third quarter of this year, the world’s top three IPO capital raisers were the Shanghai Stock Exchange, the Shenzhen Stock Exchange and the Korea Exchange, with Hong Kong lagging in fourth place

MNSO

2 minute read

Jack Ma’s Alipay May Lose Some Tax Benefits As It Gets Booted From Shanghai High-Tech Company List

By Bhavik Nair

Today, 9:25 AM

Jack Ma-owned mobile payment giant Alipay was removed from a high-tech company list in Shanghai, Bloomberg reported.

BABA

1 minute read

The Only Developed Market Index In Positive Territory This Year Has Returned About 1% — It’s Not In Europe Or America

By Bhavik Nair

Today, 9:25 AM

Singapore’s Straits Times Index has returned about 1% in 2022, and happens to be the only developed-market gauge in positive territory in dollar terms, reported Bloomberg.

SPY

2 minute read

Alibaba, Nio, EV Stocks Fall: Hang Seng’s Wednesday Rally Proves A Farce As Index Tracks Weaker Wall Street Close

By Bhavik Nair

Today, 9:25 AM

Hong Kong stocks opened in the red on Thursday after Wall Street indices lost steam following a two-day rally. The benchmark Hang Seng lost 0.52% in opening trade.

BABA