Asia - Spark Newswire

5 minute read

TuSimple Looks to Decouple From China. Others to Follow?

Today, 2:37 AM

Key Takeaways: Autonomous truck company TuSimple is reportedly looking to spin off its China business, leaving its more advanced U.S. business as its main asset Such a spinoff could provide upside for company’s stock by significantly reducing U.S. national security concerns By Doug Young

BABA

2 minute read

Shanghai Disneyland Resort Temporarily Closes Due To COVID-19 Surge: Could It Hurt The Mouse’s Growth Momentum?

By Chris Katje

Today, 2:37 AM

An international theme park is closing temporarily due to a surge in COVID-19 cases. Here’s a look at what the move could mean for The Walt Disney Co (NYSE: DIS).

DIS

2 minute read

AUDACIOUS Opens Medical Cannabis Clinic In Southeast Asia

By Vuk Zdinjak

Today, 2:37 AM

AUDACIOUS (OTCQB: AUSAF) and Thai-based partner Golden Triangle Health have partnered to open the first Herbidus Medical Center in Bangkok. Herbidus is among the first clinics in Asia that can prescribe cannabis for medical treatments in compliance with the law.

AUSAF

2 minute read

Tesla Rival Nio Shoots Up 9%, Alibaba Clocks 4% Gain: What’s Driving The Hong Kong Markets Today?

By Madhukumar Warrier

Today, 2:37 AM

Shares of several of the U.S.-listed Chinese tech companies are trading significantly higher in Hong Kong on Monday — while the benchmark Hang Seng Index trimmed early gains — as investors hoped for policy support measures from Beijing.

BABA

2 minute read

Stock Indexes Little Changed Amid War, Inflation, Oil Prices; Yield Inversion Looms: Reuters

By Vandana Singh

Today, 2:37 AM

Global stocks clenched to their gains for the week on Friday, but rising interest rates, high oil prices, and the Russia-Ukraine kept the rebound at bay as yields sent a warning signal for the economy.

ERUS

1 minute read

Pete Najarian Books Profit On Alibaba Trade, But He’s Still Holding These Names With China Exposure

By Adam Eckert

Today, 2:37 AM

Market Rebellion co-founder Pete Najaraian bought short-term Alibaba Group Holding Ltd (NYSE: BABA) call options earlier this week. He sold those calls following a surge in Alibaba's stock price.

BABA

2 minute read

Alibaba Up 9%, Nio Up 4.6% — What’s Driving Hong Kong Markets Higher Today?

By Madhukumar Warrier

Today, 2:37 AM

Shares of U.S.-listed Chinese tech companies extended strong gains in Hong Kong on Thursday after Beijing vowed to ensure stability in the stock market and support overseas listings of domestic companies.

BABA

2 minute read

Kevin O’Leary Called The Bottom In Chinese Stocks: Now What?

By Adam Eckert

Today, 2:37 AM

Kevin O'Leary, chairman of O'Shares ETFs, took some heat for buying Chinese stocks earlier this week when seemingly everyone disagreed with his reasoning, but it was an obvious move for the savvy investor.

BABA

2 minute read

Why Alibaba, JD And Tesla Rivals Li Auto, Nio Are Rebounding Big-Time In Hong Kong Today

By Madhukumar Warrier

Today, 2:37 AM

Shares of U.S.-listed Chinese tech companies surged in Hong Kong on Wednesday, lifting the benchmark Hang Seng Index into positive territory after three days of losses.

BABA

3 minute read

Betting Against Bonds: Our Freezing Of Russia’s Dollar Assets Will Likely Drive China Away From U.S. Treasuries

By David Pinsen

Today, 2:37 AM

Karolina Grabowska/Pexels Turning Slightly More Bearish In a post in late January, I mentioned that a bearish ETF had hit our top names for the first time since 2020:

GUSH