Asia - Spark Newswire

2 minute read

Nio Surges 18% On Upbeat Analyst Coverage: Hong Kong Stocks Mixed As Xi-Putin Meeting, US Inflation Data In Focus

Today, 11:08 PM

Shares of electric-vehicle maker Nio surged 18% in Hong Kong on Tuesday morning, following positive analyst coverage, even as domestic stocks opened on a mixed note.

AAPL

1 minute read

Tesla, Nio Supplier CATL’s Chinese Rival Eyes $2B Hong Kong IPO: Report

By Bhavik Nair

Today, 11:08 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:

BYDDF

2 minute read

iPhone 14 Series Will Be Pricier In Japan And South Korea But Not China — Here’s Why

By Bhavik Nair

Today, 11:08 PM

Japanese and South Korean consumers will have to shell out relatively more for the latest iPhones this year compared to last year’s model as currencies of both these countries have depreciated significantly against the dollar.

AAPL

2 minute read

Why Alibaba, Nio Stocks Aren’t Trading In Hong Kong Today — And Here’s What’s On Investors’ Radar In Asia

By Bhavik Nair

Today, 11:08 PM

Asia-Pacific markets opened in the green on Monday over improved risk sentiment, but investors are keenly watching out for U.S. inflation data due later this week.

BABA

2 minute read

Vietnamese Tesla Challenger VinFast Begins Domestic Deliveries Of SUV; US Sales Will Reportedly Start In December

By Shanthi Rexaline

Today, 11:08 PM

Vietnam-based car manufacturer VinFast, which has pivoted to electric vehicles, began deliveries of its first batch of electric SUVs to domestic customers.

TSLA

5 minute read

Junshi Biosciences Hits Revenue Roadblock Amid Covid Drug Delay

By The Bamboo Works

Today, 11:08 PM

Key Takeaways: The company logged a revenue fall of 55% in the first half of the year and posted a loss of $131 million Phase 3 clinical trials for its Covid-19 oral drug wrapped up in May but the company has still not yet filed an application to market the product By Molly Wen

BGNE

2 minute read

How’s China Taking To iPhone 14 Lineup? Analyst Shares Insights, Strategy To Boost Profits In Mature Market

By Shanthi Rexaline

Today, 11:08 PM

Apple, Inc. (NASDAQ: AAPL) launched its newest iPhone lineup on Wednesday and the reactions have been mixed.

AAPL

2 minute read

Why Alibaba, Nio And Other Stocks Are Shooting Higher In Hong Kong Today

By Bhavik Nair

Today, 11:08 PM

Hong Kong stocks opened in the green on Friday, taking cues from Wall Street where major indices gained following clarity on the U.S. Federal Reserve’s policy path. China’s slower-than-expected consumer price inflation rise also lifted sentiments.

BABA

1 minute read

Oil Slides Further As Demand Worries Grow — But US Officials Prepare For Possible Price Surge By Year-End

By Bhavik Nair

Today, 11:08 PM

Oil fell on Friday dragged by demand concerns, increasing stockpiles, and the likelihood of the Biden administration making a fresh release from emergency reserves.

BNO

5 minute read

All in the Family: Cash-strapped ZhongAn Taps Chairman’s Ties to Fund a Money-losing Unit

By The Bamboo Works

Today, 11:08 PM

Key Takeaways: Sinolink will buy about 156 million new shares in ZhongAn’s overseas business development unit, ZhongAn International, for about $103 million The deal comes in a difficult year for ZhongAn, whose own cash holdings are dwindling By Warren Yang

BABA