Short video companies fall after regulators vowed to step up efforts to prevent addiction among minors
Chinese short video companies are falling in Hong Kong, with Bilibili down more than 3% and Kuaishou down over 1%.
Category: MARKET
UBS remains optimistic about China’s economic outlook, prefers Chinese, EM stocks
Despite the recent consolidation in China’s stock market, UBS remains optimistic about its economic outlook and maintains preference for Chinese and emerging
China’s Zhihu surged up to 57% to hit record high in Hong Kong on ChatGPT potential
China’s largest question and answer platform Zhihu, surged as much as 57% to hit HK$36.6, marking the highest on record, before paring gains to close up 39.6% at HK$32.45.
Citigroup raised target price for Meituan, opened 90-Day positive Catalyst Watch, kept rating at Buy
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Baidu shares hit one-year high on ChatGPT-style bot plan
Chinese search engine giant Baidu surged 15.3% to close at HK$166.3 in Hong Kong on Tuesday, marking the highest level since February
China’s mobile game sector recovers, revenue hit record high in January – research
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Sino-US tension may dampen investor sentiment in short term, China valuation remains attractive – Morgan Stanley
The escalating tensions between China and the US may dampen investor sentiment and induce short-term market volatility, Morgan Stanley said in a note.
China Duty Free slid on slumping in 2022 earnings, Goldman Sachs sees profit-taking pressure in short term
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Citigroup cut target price of Apple supplier Sunny Optical to HK$140, rating unchanged at Buy
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China’s live hog prices trigger alert for excessive falls, state planner vows to buy pork for state reserves
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Apple suppliers trade lower on news that authorized Apple retailers cut prices in China
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Goldman Sachs raised target price of BYD to HK$32.51, maintaining Buy rating
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Chinese non-ferrous metal companies’ stocks trade lower after US labor data beat expectation
In Hong Kong, China Hongqiao is sliding more than 6%, Zijin Mining, Shandong Gold, China Nonferrous Mining and China Gold International down more than 5%, Zhaojin Mining, Luoyang Molybdenum, Lingbao Gold, etc. are more than 4%.
Aluminium giant China Hongqiao tumble in Hong Kong after expects net profit to tumble 40% in 2022
China Hongqiao, the world’s top private aluminium producer, said that its net profit for the year ended 31 December 2022 is expected to tumble by about 40% from a year earlier.
Chinese homebuilders’ shares slide on weak home sales in Jan, some top cities record zero new home transactions in holidays
Shares of Chinese property developer are sliding in Hong Kong, with Times China sliding more than 8% as of 3:43 pm local time, Midea Real Estate down 5.1%, KWG Group down 4.7%, China Jinmao down 4.4% and Country Garden down 3.6%.
China’s oil related commodities tumbled, fuel oil slumped 5.1%
China’s most-traded fuel oil futures contract on the Shanghai Futures Exchange, for May delivery, tumbled 5.1% to close at 2,606 yuan per tonne.
Chinese pharmaceutical companies rally after regulator vowed to accelerate approval of new drugs
Shares of Chinese pharmaceutical companies stage a strong rally, with Immunotech Biopharm surging more than 20% as of 11:31 in Hong Kong, Alphamab surging 11.5%, Viva Biotech up more than 6%.
Shares of Macau casino operators are trading lower on report of tax on junket commission
SJM Holdings, Melco International Development and Sands China are falling more than 3%, Galaxy Entertainment down 2.8%, Wynn Macau and MGM China down more than 1%.
China’s AI giant SenseTime rallied on FTSE Russell review
SenseTime continue to rally on new that FTSE Russell to evaluate shares for eligibility for indexes. Chinese AI giant SenseTime jumped as
CATL shares hit highest in five months on new investment projects
China’s electric vehicle battery giant CATL opened over 6% higher at 479.37 yuan, hitting the highest in nearly five months, before paring gains to 5.3%.
Hong Kong stocks hit in six months on last trading day before Spring Festival holidays
The Hang Seng Index gained 1.82% close at 22,044, hitting the highest since July 5, 2022. The Hang Seng China Enterprises Index
BYD shares hit highest in more than four month on expansion plan in India, strong performance in China in 2022
Chinese electric vehicle maker BYD Company surged as much as 9.1% to hit HK$236.8, the highest in more than four month. Its
HKEX shares hit highest in more than six months, CICC maintains rating at Outperform
The Hong Kong Exchanges and Clearing (HKEX), the operator of the Hong Kong Stock Exchange, surged by up to 5.4% to hit HK$382.4, the highest level in more than six months. The stock has rebounded by more than 80% from the recent low seen in December.
Airlines, airports trade high on surging flight bookings after China reopens border
Shares of Chinese airlines and airports trade higher in Hong Kong, with China Southern Airlines gaining more than 4%, China Eastern Airlines and Meilan Airport up about 3%.
Chinese solar related companies rallied on news several firms announced production hike plans
Chinese solar power related companies stage a strong rally on Friday. In Hong Kong, Xinyi Solar surged 6.7%, jumping for the 4th consecutive day and GCL Tech gained 5%. Solar glass makers also rallied, with Flat Glass surging13.2%, Luoyang Galss up 6%, Xinyi Glass up 3.7%.
Chinese property developers stage strong rally on latest policy support
In Hong Kong, Logan Group surging more than 10.9% as of 9:55 am local time, CIFI Holdings up 6.3%, Powerlong up 6.2%,
Chinese property developers rally amid improving sentiment on real estate financing
Shares of Chinese property developers stage of strong rally amid improving market sentiment on real estate financing.
Chinese carmakers’ shares tumble amid demand concerns
Chinese automakers are sliding in Hong Kong, with NIO slumping nearly 10% as of 10 am local time, Xpeng Motors down more than 7%, Li Auto falling nearly 6%, Great Wall Motors down 2.2%.
Chinese property developers trade higher on expectations of further relaxation of real estate policy
An index tracking mainland-listed real estate developers, compiled by Wind Information, is trading more than 1% higher. Property developers based in Guangdong province are outperforming, with Shenzhen Zhenye surging by the daily limit of 10% and Shenzhen Special Economic Zone Real Estate and Properties up more than 7%.
Koolearn Technology hit new record high on strong live-streaming e-commerce performance
Koolearn Technology, the online education and e-commerce unit of New Oriental Education, surged by more than 8% to hit a new record high of HK$54.7 before closing 7.35% at HK$54.05.