Kung Hei Fat Choi! Asia had a strong day as Hong Kong traders returned from vacation in good spirits.
The Hang Seng Index gained +3.24%, led by internet companies. Volumes were +75% higher than Monday’s half-day, which is 72% of the 1-year average while advancers outpaced decliners by nearly 8 to 1. With China still on holiday, many investors took the day off.
Dual-listed Hong Kong stocks played catch up with their US-listed counterparts following a positive performance week. Remember that last Friday the Cyberspace Administration hosted an event that was attended by the National Development and Reform Commission , the State Administration for Market Regulation could be announced in June or earlier following a meeting between the CSRC, China’s financial regulator, and global banks and asset managers operating in China.
Electric vehicles had a great day in Hong Kong as Xpeng HK jumped +11.21% after announcing in January that it delivered 12,922 EVs, which outpaces Nio’s 9,652 and Li Auto’s 12,268. BYD HK gained +7.05% as January sales were 95,422 units versus 42,401 in January 2021. The EV ecosystem had been weak recently on worries that the tapering of China’s EV subsidies would curtail purchasers.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Winter's End, Groundhogs, Magic Numbers for a Water Tiger Year - Women's Legacy ProjectCollective superstition and mysticism are just that, tendencies to attribute meaning to uncertainty. However if enough of us attribute the similar meanings and momentum, and take guidance or inspiration from the same process or pattern, then we create a reality that reflects those attributes.
Lire la suite »
17-year-old tiger euthanized at Phoenix Zoo due to kidney failure, 'will be greatly missed'Kara Schilling, curator of mammals for the Phoenix Zoo, said: 'We will miss his 'roars' to greet the carnivore keeper staff in the mornings, and his 'grumbles' while he impatiently waited for his keepers to get his diet ready.'
Lire la suite »
Russia, China agree 30-year gas deal via new pipeline, to settle in eurosRussia has agreed a 30-year contract to supply gas to China via a new pipeline and will settle the new gas sales in euros, bolstering an energy alliance with Beijing amid Moscow's strained ties with the West over Ukraine and other issues.
Lire la suite »
Disney Parks surprises amazing 11-year-old for 'Magical Christmas Day Parade'11-year-old Orion Jean is on a mission to answer one question: How can kindness change a nation? Watch the full Disney Parks Magical Christmas Day Parade on ABC Saturday, December 25th at 10am EST.
Lire la suite »
Father of Missing 4-Year-Old Admitted to Leaving Kids Home Alone, Authorities SayCory Bigsby, father of the missing 4-year-old Codi Bigsby, admitted to Virginia authorities that he's repeatedly left his young children at home alone
Lire la suite »
The U.S. census's 72-year confidentiality rule has a strange historyUnder federal law, the U.S. government must restrict access to people's records for the once-a-decade tally until 72 years after a count's Census Day. The exact origins of that time span are murky.
Lire la suite »