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%.
Chinese short video companies are falling in Hong Kong, with Bilibili down more than 3% and Kuaishou down over 1%.
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 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.
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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
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The escalating tensions between China and the US may dampen investor sentiment and induce short-term market volatility, Morgan Stanley said in a note.
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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%.
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.
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 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.
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%.
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%.
SenseTime continue to rally on new that FTSE Russell to evaluate shares for eligibility for indexes. Chinese AI giant SenseTime jumped as
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%.
The Hang Seng Index gained 1.82% close at 22,044, hitting the highest since July 5, 2022. The Hang Seng China Enterprises Index
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
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.
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 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%.
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%,
Shares of Chinese property developers stage of strong rally amid improving market sentiment on real estate financing.
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%.
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, 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.