Asia - Spark Newswire

1 minute read

Tesla China Sales Rebound To Near Record Levels In August, CPCA Data Shows: Are 2022 Delivery Goals Within Reach?

Today, 1:31 PM

Tesla, Inc.’s (NASDAQ: TSLA) China wholesale sales rebounded strongly in August, data from China Consumer Passenger Car Association showed, according to CnEVPost.

BYDDF

2 minute read

GM Tries To Regain China Drive By Aiming At Super-Rich: Here’s What It’s All About

By Bhavik Nair

Today, 1:31 PM

General Motors Company (NYSE: GM) is planning to woo the urban rich in China through a new direct sales platform that will curate its most elite products across multiple brands as the American automaker tries to regain momentum in the world's biggest car market.

BYDDF

2 minute read

Alibaba, Nio Rise Over 1% As Hong Kong Tech Stocks Cheer Wall Street Rebound: Cautious Investors Eye Key Fed Event

By Bhavik Nair

Today, 1:31 PM

Major U.S.-listed Chinese tech and electric-vehicle stocks rose in Hong Kong on Thursday, with Alibaba and Nio adding over 1%, tracking an upbeat overnight finish on Wall Street.

BABA

5 minute read

No Early Relief for JW Therapeutics from Cancer Wonder Drug

By The Bamboo Works

Today, 1:31 PM

Key Takeaways: JW Therapeutics prices its new cancer therapy at around a million yuan, with the high production costs hard to bring down. Large-scale market expansion is not going to be easy The company is undervalued compared with its peers pending further progress in commercializing its products By Molly Wen

LEGN

2 minute read

Alibaba, Nio Fall Over 2% In Weak Hang Seng Opening: Why Investors Are Focused On Fed’s Beige Book, ECB Move

By Bhavik Nair

Today, 1:31 PM

Hong Kong stocks opened lower on Wednesday, with the benchmark Hang Seng Index down 1.43%, as investors braced for the release of the U.S. Federal Reserve's Beige Book (a commentary on economic conditions) due later today and the European Central Bank's policy decision on Thursday.

BABA

2 minute read

Oil Loses Steam: With OPEC+ Supply Cut Baked In, All Eyes Now On ECB, Fed Rate Decisions

By Bhavik Nair

Today, 1:31 PM

Oil prices fell in Asia trading on Wednesday, dragged by worries over potential rate hikes by the European Central Bank (ECB) and Federal Reserve this month, as well as extended COVID-led lockdowns in China.

BNO

2 minute read

Warren Buffett-Backed BYD Makes EV Battery Manufacturing An All-Chinese Affair At The Top As It Leaps Past LG Energy

By Shanthi Rexaline

Today, 1:31 PM

Warren Buffett-backed BYD Manufacturing Company Limited.

BYDDF

1 minute read

Nio’s New ‘Anti-Shake’ AR Glasses Will Ensure A Smooth Movie Viewing Inside Moving Cars

By Bhavik Nair

Today, 1:31 PM

Nio Inc (NYSE: NIO) has launched its augmented reality (AR) glasses, co-developed with AR device maker Nreal, now available for pre-order on the NIO App in China, the company said in a statement.

BABA

2 minute read

Hong Kong Stocks Shrug Off Chengdu Lockdown Extension: Is China’s Stimulus Roll-Out Plan Lifting Sentiment?

By Bhavik Nair

Today, 1:31 PM

Hong Kong stocks opened in the green on Tuesday, with the benchmark Hang Seng Index gaining 0.08%, as investors kept their eyes peeled for the Reserve Bank of Australia’s policy decision and digested China's plan to accelerate stimulus rollout in the third quarter.

BABA

2 minute read

Oil Maintains Gains After This OPEC+ Decision: Iranian Nuclear Deal Talks Setback Lends Support

By Bhavik Nair

Today, 1:31 PM

Oil maintained gains from the previous session on Tuesday morning in Asia trading after the Organization of Petroleum Exporting Countries and allies including Russia (OPEC+) decided on a modest 100,000 barrel-a-day supply cut while adding that the group may do more in the fourth quarter if necessary.

BNO