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Shares of US-listed Chinese Companies Are Trading Lower as Markets React to President Trump's Announcement of Sweeping Tariffs.
Express News | TENCENT: On April 3, approximately 0.501 billion Hong Kong dollars were spent to repurchase 1.011 million shares, with a repurchase price ranging from 492 to 498.8 Hong Kong dollars per share.
Futu Morning Report | Trump's reciprocal tariffs cause a significant drop in risk Assets, Nasdaq Futures down over 4%; Trump's first 50 days see poor performance in U.S. stocks, creating one of the worst records for a U.S. president in 75 years.
In the first 50 days of Trump 2.0, the U.S. stock market was bleak, setting one of the worst records for a U.S. president in 75 years; Newsmax fell over 77%, after surging 2230% in its first two days of trading.
Tencent made a substantial buyback! In the first quarter, 17.1 billion Hong Kong dollars were spent, exceeding the same period last year.
According to publicly available information from the Hong Kong Stock Exchange, as of March 31, Tencent repurchased a total of 42.984 million shares in the first quarter, spending over 17.12 billion Hong Kong dollars, surpassing 14.8 billion Hong Kong dollars in the same period last year, representing a year-on-year increase of 15.67%. It is understood that in 2024, Tencent's total repurchase amount is expected to reach 112 billion Hong Kong dollars, continuing to hold the title of "repurchase king" in the Hong Kong stock market.
Tariffs exceeded expectations, U.S. stock Futures plummeted, Apple fell sharply over 7% after hours, U.S. bonds rebounded, and Futures gold reached a new high five times.
Tesla initially fell over 6% but ended up rising over 5%. After Trump announced reciprocal tariffs, the yield on the ten-year U.S. Treasury bond first hit a daily high and then turned lower; Bitcoin surged past the 0.088 million mark before dropping over 3000 dollars. Crude Oil Product closed at a new high for over two months but turned down after Trump's announcement of tariffs.
U.S. stock market closes: all three major Indexes collectively rise as investors hold their breath waiting for Trump's tariffs.
① China Concept Stocks showed mixed performance, with the Nasdaq China Golden Dragon Index closing down 0.09%; ② Tesla closed up 5.31% after reports that Musk would leave the Department of Government Efficiency (DOGE) in the coming weeks; ③ Tesla's Q1 delivery volume plummeted to a two-and-a-half-year low; ④ The cloud of suspicion surrounding Trump's "cash-out" affected DJT's stock price.