Hong Kong shares opened lower on Thursday after Wall Street indices lost momentum after a two-day rally. The benchmark Hang Seng lost 0.52% in the opening trade.
| share | movement |
|---|---|
| Alibaba group holding company GmbH. BABA | -1.25% |
| JD.com inc JD | -2.63% |
| Baidu Inc BIDU | -1.38% |
| Tencent Holdings GmbH. TCEHY | -0.65% |
| meituan MPNGF | 0.06% |
| Nio Inc NEVER | -6.57% |
| XPeng Inc XPEV | -6.94% |
| Li car inc LI | -1.93% |
ANZ research said in a note that the optimism that fueled financial markets earlier this week receded as US data continued to highlight the need for further, decisive action by the central bank. “Attention is now firmly on the September jobs report, in which the consensus expects non-farm payrolls to rise by 260,000,” it said.
Also read: How to buy Chinese stocks
EV maker shares plummeted in opening trade Xpeng and no lost over 6%. Alibaba Stocks also lost over 1%.
macro news: Taiwan has warned it would consider any Chinese invasion of its airspace a “first strike.” reported Bloomberg.
In the weeks leading up to Communist party congressin which Xi Jinping is expected to secure a third term as party leader, China’s courts have launched high-profile corruption cases against high-ranking cadres in what is seen as a crackdown on disloyalty, reported FT.
corporate news: That US Department of Defense has added DJI Technology Cothe world’s largest manufacturer of consumer drones, added to a list of Chinese companies linked to the Beijing military, reported the South China Morning Post.
Trading with Chinese manufacturer of lithium batteries CALB Co Shares started in line with its issue price of HK$38 per share at the company’s Hong Kong Stock Exchange debut on Thursday, reported Reuters.
Top winners and losers: WuXi Biologics (Cayman) Inc. and JD.com, Inc. are the biggest losers among Hang Seng constituents, each down over 2.5%. CNOOC Limited and Hengan International Group…
