Alibaba, Nio Strike Gains, Peers Trade Mixed: What’s Driving Hong Kong Markets Today
Shares of U.S.-listed Chinese firms were a mixed bag in Hong Kong on Monday at press time.
EXCLUSIVE: India Crypto Exchange CEO Says Exorbitant Taxes Will ‘Forcibly’ Drive Investors Overseas
Indian cryptocurrency trading platform Unocoin's chief has opposed the government's idea of imposing an additional 28% tax on digital coins, saying the move would drive investors out of the country.
Luckin 2.0? Freefalling Cloopen Flags Potential Irregularities, Spooking Investors
Key takeaways:
• Cloopen said it formed an independent special committee to look into employee misconduct and transaction irregularities discovered by auditor KPMG
Amid Slowing Sales at Home, Innovent Biologics Stumbles Overseas
Key takeaways:
Innovent Biologics terminated a plan to sell its bevacizumab biosimilar in North America with a local partner after trials for the drug fell behind schedule
The company’s loss tripled last year on growing competition for its core product, whose sales fell 22% in this year’s first-quarter
Why Alibaba Stock Looks Poised For Reversal
Alibaba Group Holdings, Ltd (NYSE: BABA) stock is spiking higher on Friday, in tandem with the S&P 500, which was surging over 2%.
North Korea Reports COVID-19 Cases Surging To 350,000 From 1 In Single Day Ahead Of Biden Asia Visit
At least six people have died due to COVID-19, and more than 350,000 are infected in North Korea as an "explosive" coronavirus outbreak takes a toll on the isolated nation, the country's state media KCNA confirmed, according to CNN.
Alibaba Up 2.8%, Nio Jumps 5.8%: What’s Pushing Hong Kong Markets Higher Today
Shares of U.S.-listed Chinese companies traded higher in Hong Kong on Friday, after ending the previous session deep in the red.
Which Chinese Firms Face Delisting From US Stock Exchanges?
Geopolitical tensions between China and the US have escalated in recent years amid efforts by both countries to become the world’s economic powerhouse.
Why Nio And Electric Vehicle Peers Are Plunging In Hong Kong Today
Shares of U.S.-listed Chinese electric automakers Nio Inc.