Hong Kong stocks opened Friday morning after another lower Selling off on Wall Street after a temporary relief rally. Electric vehicle stocks plummeted Xpeng, Li car and no down over 4% in morning trade.
| share | movement |
|---|---|
| Alibaba group holding company GmbH. BABA | 0.78% |
| JD.com inc JD | -1.39% |
| Baidu Inc BIDU | -0.52% |
| Tencent Holdings GmbH. TCEHY | -0.74% |
| meituan MPNGF | -3.35% |
| Nio Inc NEVER | -8.33% |
| XPeng Inc XPEV | -4.8% |
| Li car inc LI | -4.18% |
macro news: China’s official manufacturing purchasing managers’ index rose to 50.1 from 49.4 in August, according to the report Bloomberg, citing the National Statistics Office.
That People’s Bank of China has asked major state-owned banks to prepare to sell local entity dollars in offshore markets to halt the decline of the yuan, Reuters reported.
corporate news: Tencent launched an advanced new hearing aid powered by artificial intelligence on South China Morning, priced at RMB 2,880 (USD 399). post reported.
RoboSensea Chinese developer of sensor technologies, supported by BYD Co.Ltd.raises approximately $150 million in new funding round, reported Bloomberg.
Top Winners and Losers: Li Ning Company Limited and ANTA Sports Products Limited were the top losers among Hang Seng constituents, down over 5% and 3%, respectively. CSPC Pharmaceutical Group Ltd. and China Mengniu Dairy Company Ltd. were the top gainers, each up over 2%.
Global News: US futures traded mixed in Friday’s Asian session. Dow Jones futures fell 0.02% while Nasdaq futures gained 0.08%. S&P 500 futures were up 0.1%.
Elsewhere in Asia, the Australian ASX 200 lost 0.89%. Japan’s Nikkei 225 lost 1.79%, while China’s Shanghai Composite Index lost 0.52%. South Korea’s Kospi was down…
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