Newsfeeds - Spark Newswire

2 minute read

Why Alibaba, Nio And Other Stocks Are Shooting Higher In Hong Kong Today

Today, 6:25 PM

Hong Kong stocks opened in the green on Friday, taking cues from Wall Street where major indices gained following clarity on the U.S. Federal Reserve’s policy path. China’s slower-than-expected consumer price inflation rise also lifted sentiments.

BABA

2 minute read

Alibaba, Nio Rise Over 1% As Hong Kong Tech Stocks Cheer Wall Street Rebound: Cautious Investors Eye Key Fed Event

By Bhavik Nair

Today, 6:25 PM

Major U.S.-listed Chinese tech and electric-vehicle stocks rose in Hong Kong on Thursday, with Alibaba and Nio adding over 1%, tracking an upbeat overnight finish on Wall Street.

BABA

2 minute read

Alibaba, Nio Fall Over 2% In Weak Hang Seng Opening: Why Investors Are Focused On Fed’s Beige Book, ECB Move

By Bhavik Nair

Today, 6:25 PM

Hong Kong stocks opened lower on Wednesday, with the benchmark Hang Seng Index down 1.43%, as investors braced for the release of the U.S. Federal Reserve's Beige Book (a commentary on economic conditions) due later today and the European Central Bank's policy decision on Thursday.

BABA

2 minute read

Hong Kong Stocks Shrug Off Chengdu Lockdown Extension: Is China’s Stimulus Roll-Out Plan Lifting Sentiment?

By Bhavik Nair

Today, 6:25 PM

Hong Kong stocks opened in the green on Tuesday, with the benchmark Hang Seng Index gaining 0.08%, as investors kept their eyes peeled for the Reserve Bank of Australia’s policy decision and digested China's plan to accelerate stimulus rollout in the third quarter.

BABA

2 minute read

Hong Kong Stocks Open Mixed Ahead Of US Jobs Data: Is The Market Ignoring Chengdu Lockdown?

By Bhavik Nair

Today, 6:25 PM

Hong Kong stocks opened mixed on Friday ahead of the release of the U.S. jobs report that would give more cues on the course and aggression of the U.S. rate hike later this month. The Hang Seng index lost 0.5% in opening trade. Shares of XPeng lose over 3% in the morning session.

BABA

2 minute read

Alibaba, Nio Slip: Hong Kong Stocks Stumble As China Private Factory Survey Data Shrinks For 1st Time In 3 Months

By Bhavik Nair

Today, 6:25 PM

Hong Kong stocks fell on Thursday, with the Hang Seng index losing 1.23% in opening trade. China's factory activity shrank for the first time in three months in August.

BABA

2 minute read

Tech Giant Baidu Falls 7% On Revenue Drop: Chinese PMI Data, Sluggish Wall Street Drag Hong Kong Stocks

By Bhavik Nair

Today, 6:25 PM

Hong Kong stocks opened in the red on Wednesday following a sluggish session on Wall Street as central bankers in the U.S. and Europe continued to maintain their hawkish tones. Shares of Baidu fell over 7% in opening trade after the company reported second-quarter earnings.

BABA

2 minute read

Alibaba, XPeng Slip As Hang Seng Breaches Key Support Level: American Firms’ China Optimism Hits Record Low

By Bhavik Nair

Today, 6:25 PM

The Hang Seng Index opened 1.5% lower on Tuesday, as investors factored in the possibility of an aggressive rate hike in the U.S. when the Federal Open Market Committee meets in September. Market participants also weighed the results of a survey that showed American firms’ optimism about China hit a record low.

BABA

2 minute read

Alibaba, Nio, XPeng Fall Over 1%: Hang Seng Shows Some Resilience After Wall Street Plunge

By Bhavik Nair

Today, 6:25 PM

Hong Kong shares showed a bit of resilience at the open on Monday, with the benchmark Hang Seng Index falling just 1%, despite a significant plunge in all major U.S. indices on Friday driven by Federal Reserve Chair Jerome Powell’s comments on the economic outlook.

BABA

2 minute read

Alibaba, JD, Nio Shoot Up Over 2%: Hang Seng Shadows Firmer Wall Street Ahead Of Powell’s Jackson Hole Speech

By Bhavik Nair

Today, 6:25 PM

Hong Kong stocks opened higher on Friday, tracking an upbeat Wall Street session overnight, as investors braced for U.S. Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole summit due later in the day.

BABA