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KraneShares CSI China Internet ETF Newsroom
Asia Markets Mixed as Investors Assess Economic Data in the Region; Eyes on PCE Inflation Data
Sensor Tower: "Honor of Kings" crowned global mobile game revenue champion in October, with monthly income increasing by 10% month-on-month.
According to Sensor Tower's "App Performance Insights" data, Tencent's (00700) "Honor of Kings" claimed the title of global mobile game revenue champion in October 2024, with a month-on-month income growth of 10%, mainly driven by the application stores in china.
Daily Bulls and Bears | The battle between bulls and bears is intense! The Hang Seng Index has shrunk in volume, dipping below 19,000 points, with several callable bull/bear contracts experiencing high volatility; Societe Generale: The second largest Hong
As of the market close, the total market turnover was 122.2 billion Hong Kong dollars; all warrants and callable bull/bear contracts totaled 11.6 billion Hong Kong dollars, accounting for 9.5% of the total market turnover, of which long positions accounted for 5.3% and short positions accounted for 4.2%.
Brokerage morning meeting highlights: continue to be bullish on the Chinese stock market with a "confidence reassessment bull market."
At today's brokerage morning meeting, China Securities Co.,Ltd. suggested continuing to be bullish on the Chinese stock market in the medium term with a 'confidence revaluation bull'; Galaxy Securities stated that top real estate companies are showing excellent operational management capabilities and have financial advantages, with the potential to further increase their market share; Citic Sec believes that the fiberglass industry is currently at a great opportunity allocation point.
US stocks closed | The three major indices rose together, with Dow Jones and S&P hitting new highs; tariff threats dragged down auto stocks, general motors fell 9%
Waiting for PCE inflation, the Fed's November minutes support gradual rate cuts, temporarily suppressing US bond yields and the dollar while gold rallies. The Dow turns higher at the end of the day, hitting new highs for three consecutive days, while small cap stocks fall from the highest level in six days, with chip stocks down more than 1%, but nvidia rebounds by 0.7%. Tesla reverses its decline, Nio falls by 7.7%, Amgen's weight loss drug once fell by more than 12%, and Dell falls more than 9% after hours.
NetEase, Inc. Goes Ex Dividend Tomorrow
Express News | Alibaba spent approximately 39.9733 million dollars to repurchase 3.7625 million shares on November 25.
Express News | tencent: On November 26, repurchased 1.78 million shares, at a total cost of approximately 0.703 billion Hong Kong dollars, with a price per share of 392.2-399 Hong Kong dollars.
A preview in one image | Meituan's Q3 financial report is coming! Dining takeout and in-store business are steadily growing, with major institutions setting a target price as high as 300 Hong Kong dollars.
Meituan will release its Q3 financial report this Friday. Currently, the market generally predicts that Meituan will achieve a revenue of 91.733 billion yuan in Q3, a year-on-year growth of about 20%; eps is 1.45 yuan.
Daily Bull Bear | Hang Seng Index night session slightly up, bull certificate transaction share plummeted to 49%; Kuaishou dyed blue rose against the market, a bull certificate surged by 85%
As of the market close, the total market turnover was 183.2 billion Hong Kong dollars; the total turnover of all warrants and callable bull/bear contracts was 11.8 billion Hong Kong dollars, accounting for 6.5% of the market turnover, with good positions accounting for 4.1% and short positions accounting for 2.3%.
U.S. stocks closed higher with all three major indices rising. The Dow, S&P, and Russell 2000 all hit record highs, while nvidia fell more than 4% against the market; bitcoin fell below $93,000, while microstrategy dropped more than 4%.
Funds continue to flow out of the technology sector, rotating into cyclical stocks. The Dow rose more than 400 points, while the Russell small cap stocks rose by 2.5% at one point. The S&P hit a new intraday high before narrowing its gains. Nvidia dropped over 4% to a three-week low, Tesla fell by nearly 4%, Nio dropped by 3.6%, but Alibaba rose by nearly 3%.
US stocks closed: The Dow Jones rose nearly 1% to a new high, while nvidia and Tesla fell sharply against the trend.
① The nasdaq china golden dragon index rose by 0.44%; ② bitcoin fell back, microstrategy dropped more than 4%; ③ international oil prices plummeted, conocophillips fell by 5%; ④ California plans to introduce electric autos purchase subsidies, with Tesla being excluded.
KE Holdings Analyst Ratings
Express News | Alibaba: On November 22, approximately 59.99 million dollars were spent to repurchase 5.777 million shares.
Express News | tencent: On November 25, repurchased 1.77 million shares, for a total expenditure of approximately 0.702 billion HKD, with a price per share of 394-402 HKD.
Asia-Pacific Markets Mixed as Traders Digest Latest Monetary Decision From the PBOC
PBoC Holds MLF Rate Steady for Second Month
Stock afternoon review: Included in the Hang Seng Index, rising over 3%. After earnings, Kuaishou has repurchased nearly 0.3 billion Hong Kong dollars.
Market Update | Kuaishou rebounded over 4% during trading and will be included in the Hang Seng Index components at the beginning of next month, with the company's DAU growth exceeding expectations.
On November 22, the hang seng index company announced the results of the quarterly review of the hang seng index series as of September 30, 2024. All changes will be implemented after the market closes on December 6, 2024 (Friday) and will take effect from December 9, 2024 (Monday). Among them, Kuaishou-W and other symbols will be included in the constituent stocks of the hang seng index, increasing the number of constituent stocks from 82 to 83.
Daily Bull and Bear | Hang Seng Index night session closed at 19204 points, with a net inflow of 54 million Hong Kong dollars in good warehouses; Baidu fell more than 8%, hitting a new low for the year, with a warrant for over 230% increase.
As of last Friday's market close, the total market turnover was 157.9 billion HKD; the total turnover of all warrant bull and bear certificates was 14.9 billion HKD, accounting for 9.5% of the total market turnover, among which good positions accounted for 6.4% and bearish positions accounted for 3.1%.