Asia - Spark Newswire

5 minute read

Qudian in Search of a Business as Stock Returns to Penny Territory

Today, 8:54 PM

Key Takeways: Qudian was notified by the New York Stock Exchange that it was in violation of listing rules that require its stock price to stay above $1 The warning was its third one this year, and came after the company said it was scaling down a food business it started just six months ago and ceased its main lending business

FINV

2 minute read

Asian Bloodbath Continues: Alibaba, XPeng Shed 2%, Yuan Hits Weakest Levels Since 2008

By Bhavik Nair

Today, 8:54 PM

Hong Kong shares opened lower on Wednesday, with the benchmark Hang Seng slipping 2.5%, taking cues from the S&P 500 which fell deeper into the bear territory after hitting a near two-year low. The Chinese yuan hit its lowest level since 2008 and was trading at 7.2296 against the dollar on Wednesday.

BABA

2 minute read

Alibaba, JD, Nio Mixed: Hang Seng Muted As Investors Await Cues, Gloomy World Bank Forecast For China Weighs

By Bhavik Nair

Today, 8:54 PM

Hong Kong stocks opened mixed on Tuesday, with the benchmark Hang Seng Index edging 0.05% lower and investors searching for cues, as global markets continued to bleed in the aftermath of the U.S. Federal Reserve’s aggressive rate hike and projections.

BABA

2 minute read

Does Wynn Resorts Stock Come With A ‘Zero Premium Call Option’ On Macau?

By Adam Eckert

Today, 8:54 PM

Wynn Resorts Ltd (NASDAQ: WYNN) shares were on the move Monday after Macau officials signaled COVID-19 travel restrictions could be lifted. Despite Monday's surge, one investor saw significantly more upside in the beaten-down casino operator.

WYNN

1 minute read

McDonald’s To Raise Menu Prices 2nd Time This Year In Japan: Here’s Why

By Bhavik Nair

Today, 8:54 PM

McDonald’s Holdings Co. Japan Ltd. (OTC: MDNDF) will raise its menu prices for the second time this year.

MCD

2 minute read

Alibaba Rises, Nio Muted But EV Rivals Rally: Hong Kong Stocks Buck The Trend As Asia Markets Bleed

By Bhavik Nair

Today, 8:54 PM

Hong Kong shares opened in the green on Monday, defying a wider Asia trend as most markets in the region were still plagued by negative sentiment triggered by the U.S. Federal Reserve's aggressive rate hike and outlook. The benchmark Hang Seng was 0.27% higher in early trading, while bourses in South Korea and Japan plunged over 2%.

BABA

2 minute read

Invest In These 2 High Yielding Data Center REITS As The Credit Risk For Tech Companies Increases

By Robert Kuczmarski

Today, 8:54 PM

Although interest rates are rising, it doesn't mean savvy investors cannot earn positive returns on real estate investment trusts (REITs). Historically, when the risk-free rate rose dramatically in six time periods, REITs earned positive returns during four of those periods, and out of half of those periods, they beat the S&P 500.

EQIX

2 minute read

China Gives Lightning-Fast Approvals To 5 New ETFs Amid Market Rout, Sino-US Tech War

By Bhavik Nair

Today, 8:54 PM

Amidst a global rout in technology shares and a worsening Sino-U.S.

CQQQ

2 minute read

Alibaba, XPeng Fall Over 1%: Hang Seng Opens Weaker As Investors Continue To Gauge Impact Of US Fed Rate Projections

By Bhavik Nair

Today, 8:54 PM

Hong Kong stocks opened in the red on Friday, with shares of Alibaba and XPeng falling over 1% each as investors continued to gauge the U.S. Federal Reserve’s rate projections for tackling inflation. The Hang Seng Index fell 0.34% at the open and continues to trade near its 2011 lows.

BABA

1 minute read

Tesla Battery Supplier CATL’s Rival Eyes $1.7B Hong Kong IPO: Here Are The Details

By Bhavik Nair

Today, 8:54 PM

Chinese battery-maker CALB Co., which is a rival to companies like Contemporary Amperex Technology Co Ltd. (CATL) and Warren Buffett-backed BYD Co. (OTC: BYDDF) (OTC: BYDDY), is looking to

BYDDF