Asia - Spark Newswire

1 minute read

What Alibaba, Tencent And Baidu’s June-Quarter Earnings May Look Like

Today, 5:50 PM

Alibaba Group Holding Ltd. (NYSE: BABA) is expected to post its first quarterly revenue decline on Thursday morning, with the firm grappling with an uncertain regime and a consumer crisis that is hurting the world’s second-largest economy, reported

BABA

3 minute read

Pelosi Lands In Taiwan As China Begins Live Fire Exercises: What You Need To Know

By Anthony Noto

Today, 5:50 PM

House Speaker Nancy Pelosi, a California Democrat whose visit to Taiwan on Tuesday is heating up Sino-American relations, is a longtime critic of China and has been a forthright human rights advocate throughout her career.<

SOXX

2 minute read

China/U.S. Tensions Top Of Mind

By GRIT Capital

Today, 5:50 PM

Good Morning Everyone! Remember, generational wealth is built during bear markets.

AFL

1 minute read

Pelosi Effect? Why Key Apple Supplier TSMC’s Shares Are Slipping Today

By Bhavik Nair

Today, 5:50 PM

Shares of chipmaker Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: TSM) fell as much as 2.98% in Asia trading on Tuesday after China expressed anger at reports of U.S. House Speaker Nancy Pelosi making a possible trip to Taiwan later in the day.

AAPL

2 minute read

Alibaba, JD, Nio Fall In Hong Kong As Nancy Pelosi’s Taiwan Plan Keeps Markets On Edge

By Bhavik Nair

Today, 5:50 PM

Hong Kong’s benchmark Hang Seng Index opened in the red, losing over 2.5% in opening trade, following the trend in broader Asian markets after reports emerged that U.S. House Speaker Nancy Pelosi was to arrive in Taiwan on Tuesday. China has issued a strongly worded statement saying it will take firm measures if she does so.

BABA

2 minute read

Nio July Deliveries Fall 22% Sequentially: EV Maker Flags Production Woes From Casting Parts Shortage

By Shanthi Rexaline

Today, 5:50 PM

Nio Inc. (NYSE: NIO) on Monday announced that its July deliveries rose year-over-year but declined sequentially. Separately, rumors of an ultra-cheap, third brand from the company floated around in local Chinese media.

1 minute read

Li Auto July Deliveries Fall 20% Sequentially, EV Maker Points To Strong Orders For New Smart SUV

By Shanthi Rexaline

Today, 5:50 PM

Chinese electric vehicle startup Li Auto, Inc. (NASDAQ: LI) reported Monday a month-over-month decline in July deliveries. The company said its Li L9 SUV launched in late June has received positive feedback from customers.

2 minute read

Will Alibaba Be Delisted From NYSE? Here’s What The Firm Says

By Bhavik Nair

Today, 5:50 PM

Alibaba Group Holding Inc. (NYSE: BABA) has said it will continue to monitor market developments, comply with applicable laws and regulations and strive to maintain its listing status on both the New York Stock Exchange (NYSE) and the Hong Kong Stock Exchange.

BABA

2 minute read

Alibaba Slides 4% On US Delisting Fears, EV Stocks Shoot Up: Key Events Hong Kong Traders Are Watching Today

By Bhavik Nair

Today, 5:50 PM

Hong Kong’s benchmark Hang Seng Index opened in the red on Monday, losing 0.88%, ahead of the release of China’s Caixin/Markit manufacturing purchasing managers’ index for July.

BABA

2 minute read

This Indian Businesswoman Just Overtook Chinese Billionaire Yang Huiyan To Become Asia’s Richest Woman

By Navdeep Yadav

Today, 5:50 PM

India’s business tycoon Savitri Jindal overtook Chinese billionaire Yang Huiyan atop the wealth rankings as China’s real-estate developers reel from a mortgage boycott.

CTRYF