Newsfeeds - Spark Newswire

2 minute read

Alibaba Rises Nearly 3%, EV Stocks Strike Major Gains As Hang Seng Opens On High Note Over Strong Wall Street Cues

Today, 12:44 PM

Hong Kong’s Hang Seng Index rose over 1.3% in Thursday morning trade in line with positive cues from Wall Street the day before after July consumer inflation in the U.S. came in at 8.5%, below the expected figure of 8.7%, calming fears about aggressive rate hikes by the Fed.

BABA

2 minute read

Nio, XPeng Fall Over 4%, Alibaba Edges Down: Hang Seng Slips As Investors Brace For China, US Inflation Data

By Bhavik Nair

Today, 12:44 PM

Hong Kong shares opened in the red on Wednesday, with the benchmark Hang Seng Index losing 0.83% in opening trade as investors turned their eyes toward inflation data from China and the U.S.

BABA

2 minute read

Alibaba Gains 1%, JD Sheds 2%: Hang Seng Opens Lower As All Eyes On US Inflation Data

By Bhavik Nair

Today, 12:44 PM

Hong Kong shares were mixed on Tuesday morning, with the benchmark Hang Seng Index down more than 0.1%, as investors looked ahead to crucial U.S. inflation data that will decide the course of further rate hikes by the Federal Reserve. Shares of Alibaba rose 1.5% in opening trade, while those of JD.com lost over 2%.

BABA

2 minute read

Alibaba Slips 1%, Nio, XPeng Rise Over 3%: Hang Seng Opens Firmer After Mixed Wall Street Session

By Bhavik Nair

Today, 12:44 PM

Hong Kong’s benchmark Hang Seng Index opened in the green on Friday, gaining 0.3% in morning trade, even as Wall Street ended on a mixed note overnight ahead of the release of a U.S. jobs report.

BABA

2 minute read

Alibaba Surges Over 5% Ahead Of Earnings As Hang Seng Tracks Wall Street Higher

By Bhavik Nair

Today, 12:44 PM

Hong Kong’s benchmark Hang Seng Index rose over 2% in opening trade on Thursday, following an upbeat session on Wall Street overnight.

BABA

2 minute read

Alibaba, JD Surge Over 3% As Earnings Come Into Focus: Hong Kong Traders Shrug Off Pelosi-Linked Taiwan Tensions

By Bhavik Nair

Today, 12:44 PM

Shares of Alibaba and JD.com rose over 3% in Wednesday morning opening trade, with Hong Kong’s benchmark Hang Seng Index also beginning on a positive note, gaining 0.91%. Alibaba is set to release its June-quarter earnings on Thursday.

BABA

2 minute read

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

By Bhavik Nair

Today, 12:44 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

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

By Bhavik Nair

Today, 12:44 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

Alibaba Slumps 4% After Reports Of Jack Ma’s Plan For Ant: Hang Seng Falls Despite Wall Street Rally Amid Xi-Biden Phone Call

By Bhavik Nair

Today, 12:44 PM

Hong Kong’s benchmark Hang Seng Index was in the red on Friday, losing over 0.5% in opening trade, despite a continuing rally on Wall Street. Alibaba shares fell close to 4% following reports Chinese billionaire Jack Ma is planning to cede control of Ant Group.

AAPL

2 minute read

Alibaba Falls, Hang Seng Opens Lower After Hong Kong Follows Fed In 75 Bps Rate Hike

By Bhavik Nair

Today, 12:44 PM

Hong Kong's benchmark Hang Seng Index edged lower on Thursday morning, with major U.S.-listed Chinese stocks trading mixed, after the city's central bank hiked interest rates in tune with the U.S. Federal Reserve's move overnight.

BABA