Why Are Weibo Shares Trading Lower Premarket?
China slapped social media platform Weibo Corp (NASDAQ: WB) with a 3 million yuan ($0.47 million) fine by China's internet regulator for repeatedly publishing illegal information,
Weibo Shares Fall 7.2% Below Issue in Hong Kong on Wednesday
-Reuters
https://www.reuters.com/markets/stocks/weibo-shares-slip-6-below-issue-price-hong-kong-trading-debut-2021-12-08/
Alibaba, Baidu And Nio Rival Li Auto Dip In Mixed Hong Kong Market; These Stocks Are Striking Gains
Shares of Alibaba Group Holding Limited (NYSE: BABA), Baidu Inc. (NASDAQ: BIDU) and Li Auto Inc. (NASDAQ: LI) fell in
UPDATE: ‘SEC issues final regs that allow it to delist foreign companies that don’t comply with audit rules’ -CNBC Tweet
https://twitter.com/CNBC/status/1466469839736913921
Earnings Scheduled For November 11, 2021
Companies Reporting Before The Bell
• NICE (NASDAQ:NICE) is likely to report quarterly earnings at $1.58 per share on revenue of $465.75 million.
China Stocks Quiet; Traders Circulate Earlier News China Retail Giant Evergrande Officially Defaults; DMSA Is Preparing Bankruptcy
https://www.prnewswire.com/news-releases/evergrande-officially-defaulted---dmsa-is-preparing-bankruptcy-proceedings-against-evergrande-group-301421327.html
This Foreboding Sign Looms Over Weibo’s Chart
If history is any guide, there may be trouble ahead for shares of Weibo(NASDAQ:WB). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.
China Stocks: A Clearance Sale Or A Sale To Steer Clear Of?
Chinese stocks, listed both in Asia--particularly in Hong Kong--as well as in the United States, just keep falling, much to the chagrin of investors and portfolio managers who thought exposure to Chinese stocks was an obvious and critical part of any 21st Century portfolio.