Chinese concept stocks experienced a "short squeeze" with short sellers losing nearly $7 billion.
Despite the recent rise in Chinese stocks listed in the US, the short sellers are not eager to close their positions. If the market continues to rise, analysts expect a significant short squeeze to further boost stock prices.
Express News | US stock night trading: Chinese ETF surges non-stop! 3 times long on the rich China ETF, up more than 14%
Express News | Hang Seng Tech Index expanded by 7%, Bilibili rose over 18%, and East Buy surged over 15%.
Express News | US stocks night session: china concept stocks gain expanded, ke holdings rose more than 11%.
Futu Morning Post | The situation in the Middle East has escalated! US oil and gas stocks rose; BlackRock raised Chinese stock ratings, Chinese assets fervent
China increases subsidies for electric vehicles, tesla is expected to achieve its first quarter sales growth this year; New carmaking forces show strong potential: Li Auto sets a new delivery record with 'Zhiling Xia', nio has delivered over 20,000 vehicles for 5 consecutive months.
Bilibili-W(09626.HK) received jpmorgan's shareholding of 0.925 million shares.
According to the latest equity disclosure data from the Hong Kong Stock Exchange on September 24, 2024, bilibili-W (09626.HK) received JPMorgan Chase & Co.'s shareholding of 0.925 million shares at an average price of HK$129.5851 per share, involving approximately HK$0.12 billion. After the shareholding, JPMorgan Chase & Co.'s latest holding of good positions increased to 30,942,039 shares, and the holding percentage of good positions increased from 8.89% to 9.16%.