Up to half of the Elon Musk-run EV maker's profitability comes from sales in China – so expect Tesla to behave like a Chinese tech stock, the bank said. ( read original story ...)
Asian Stock Markets Mixed, Muted as Earnings Season Unfolds
Asian stock exchanges were mixed and largely muted on Tuesday, as traders awaited fresh market catalysts or looked for bargains after recent trading floor routs. Hong Kong edged lower, Shanghai was ... ( read original story ...)
China’s Shanghai extends free COVID testing services to Nov 30
China's financial hub Shanghai will extend its free and regular COVID-19 testing services to Nov. 30 from Oct. 31, the city government said in a notice on its WeChat account on Tuesday. ( read original story ...)
Chinese PV Industry Brief: Canadian Solar suspends Shanghai IPO
The Chinese-Canadian module manufacturer announced its IPO plans in June 2021 ... to the mainland Chinese stock market, either in Shanghai or Shenzhen. It said that thus far, it has not submitted ... ( read original story ...)
China Stock Markets Down Following Xi Jinping’s Power Play
China's stock market dropped on Monday after Xi Jinping was confirmed as the country's leader for a third consecutive five-year term, breaking with the Communist Party's traditional two-term limit. As ... ( read original story ...)
Alibaba, Tencent plunge as Hang Seng sinks below 16,000-mark after China’s leadership reshuffle leaves no market reformists on board
The Hang Seng Index slumps to another new low as investors see more risks from China’s leadership reshuffle over the weekend. Tech and property stocks bear the brunt of selling. ( read original story ...)
China’s Stock Mkts Closed Updates: SSE Index -2.02%, SZSE Index -2.05%, HSI -6.36%, total trading amount to USD 157 bln
Shanghai Composite Index closed at 2,977.56, down 2.02%, Shenzhen Component Index finished at 10,694.61, down 2.05%, the Hang Seng Index closed at 15,180.69, down 6.36%. The trading volume for three ... ( read original story ...)