Hong Kong shares opened lower on Monday morning, taking hints of Wall Street’s decline on Friday as major indices fell 1.5%. Benchmark Hang Seng fell 1% in opening trade.
| share | movement |
|---|---|
| Alibaba group holding company GmbH. BABA | -0.83% |
| JD.com inc JD | -2.82% |
| Baidu Inc BIDU | -0.26% |
| Tencent Holdings GmbH. TCEHY | -1.35% |
| meituan MPNGF | -2.36% |
| Nio Inc NEVER | 1.63% |
| XPeng Inc XPEV | -2.5% |
| Li car inc LI | -0.5% |
EV stocks are traded mixed with stocks of Xpeng Trade 2.5% lower during no The stock rose 1.63%. shares of Alibaba down over 0.8% during morning trade meituan, JD.com lost over 2%.
Also Read: How to Buy Alibaba (Baba) Stock
macro news: US Secretary of Defense Lloyd Austin said on Sunday he does not anticipate an imminent invasion of Taiwan by China, but said the country is trying to establish a “new normal” with its military activities around the island. reported Reuters.
In the Communist Partyat the upcoming national congress, China’s leaders will discuss and calibrate the country’s strategy for the next five years, reported the South China Morning Post citing People’s Daily.
corporate news: Nio, XPeng and Li Auto released their September deliveries on Saturday, with the numbers showing a flat performance in line with that of recent months.
China Petroleum and Chemical Corporation SNPMF intends to delist its American Depository Shares, which are traded on the London Stock Exchange, reported Reuters.
Top winners and losers: Country Garden Services Holdings Company Limited and Longfor Group Holdings Limited are the top gainers among Hang Seng ingredients, with over 10% and 7%, respectively. New World Development Company Limited and ENN Energy Holdings Limited are the biggest losers at over 4% and 3% respectively.
Global News: US futures traded mixed in Asia on Monday morning. Dow Jones futures rose 0.02% while Nasdaq futures lost 0.52%. The S&P…
