Hong Kong shares opened lower on Friday ahead of the release of the monthly US jobs data which is likely to be one of the guiding factors for the US federal reserve‘s rate hiking trail.
| share | movement |
|---|---|
| Alibaba group holding company GmbH. BABA | -0.9% |
| JD.com inc JD | -2.22% |
| Baidu Inc BIDU | -1.64% |
| Tencent Holdings GmbH. TCEHY | -1.73% |
| meituan MPNGF | -0.79% |
| Nio Inc NEVER | -7.75% |
| XPeng Inc XPEV | -6.74% |
| Li car inc LI | -15.43% |
The benchmark Hang Seng index fell 1% in opening trade. Li Auto’s shares plummeted 15% while fellow EVs like Nio and Xpeng fueled over 6%. Alibaba shares lost over 1%.
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Macro News: The UN Judiciary Council has rejected a Western-led request to hold a debate on China’s alleged human rights abuses against Uyghurs and other Muslims in Xinjiang. reported Reuters.
of China People’s Liberation Army has deployed more advanced aircraft in the South and East China Seas and the Taiwan Strait to protect its territorial integrity reported the South China Morning Post, citing expert commentary following the release of a documentary series by state broadcaster China Central Television.
Company news: The Biden administration is looking for a replacement SK Hynix Inc HXSCL and samsung electronics co ltd SSNLF facing new restrictions on memory chip makers in China who want to thwart Beijing’s technological ambitions, reported Reuters citing sources.
US adds BGI Genomics Co Ltd and CRRC Corp CRCCY on a blacklist that puts them under an investment ban for Americans, reported Reuters.
Top winners and losers: Longfor Group Holdings Limited and Alibaba Health Information Technology Limited are the top losers among Hang Seng constituents, down over 4% and 3%, respectively. Nongfu Spring Co.,Ltd. and Galaxy Entertainment Group Limited are the top gainers, each up over 1%.
Global News: US futures traded mixed on Friday morning Asia…
