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Express News | Ishares China Large Cap ETF up 1.5%, Kraneshares CSI China Internet ETF Gains 2.5%
Express News | Li Auto Climbs 4.7%, JD.com Adds 1.8%, NIO up 4.5%, Xpeng Rises 3.3%
Express News | PDD Holdings up 1.5%, NetEase Gains 2%, Baidu Rises 2.2%
Express News | U.S.-Listed Shares of Chinese Firms Rise Tracking Hong Kong Shares Surge
US Stock Market Outlook | Unexpected Slump! US 'Small Non-Farms' Reach Four-Month Low; Federal Reserve Meeting Minutes to be Released Tonight, US Stock Market will Close Early Due to the Holiday.
"Fed Pronouncements": Powell talks about progress in inflation, bringing rate cuts back into view; did the market become conservative? Strategist: The Fed is expected to cut interest rates three times this year! Growth tech stocks fluctuate before the market, Tesla rises nearly 2%, while Microsoft, Apple, and Nvidia fall slightly.
After Regulatory Hurdles In US, Alibaba-Rivals Shein And Temu Face Customs In EU
The European Union (EU) is considering imposing on inexpensive goods bought online through Chinese retailers like Alibaba Group Holding Limited's (NASDAQ:BABAF) rivals Shein and PDD Holdings' (NASDA
EU Mulls Closing off Import Duty Exemption, Potentially Impacting Shein, Temu - Report
Major bank rating | Citigroup: Focus on the 8 potential catalysts listed in the third Plenum, select PDD Holdings, Li Ning, BYD Company Limited, and other companies.
On July 3, Citigroup released a research report indicating that the Third Plenary Session of the 19th Central Committee of the Communist Party of China will be held from July 15 to 18. It is expected that exports and non-real estate infrastructure investment will still be the main driving force of the Chinese mainland economy in the second half of the year. Citigroup expresses bullishness on shares that may benefit from export growth and rising commodity prices, with PDD Holdings, ASMPT, Aluminum Corporation of China, Techtronic Ind, MGM China, Li Ning, and BYD Company Limited being the top picks. Citigroup also listed eight major catalysts, ranked according to the probability of occurrence: (1) structural reform, which is expected to affect major industries such as electrical utilities, real estate, and insurance; (2) wind power and power grid equipment, autos, and semiconductors.
US stocks close | S&P and Nasdaq hit new closing highs, Amazon, Apple, and Microsoft hit new highs again, and Tesla surged more than 10%.
Chinese concept stocks index rebounds and breaks away from its 5-month low, with alibaba, nio inc, li auto inc rising about 2%.
Update: PDD's Temu, Online Site Shein Asked to Submit Information on Digital Services Act Compliance
(Updates with Temu's response in the fourth paragraph.) PDD Holdings' (PDD) Temu and private online marketplace Shein were asked by the European Commission to provide more information on the measures
US Stock Market Preview | Powell's speech tonight is heart-wrenching; Q2 deliveries are higher than expected, Tesla's pre-market rises more than 4%.
It is recommended to take profits! Morgan Stanley: It's time to unwind short positions in US bonds; the US chip industry faces a labor shortage, and the Biden administration is investing heavily to address it; Maersk CEO: the interruption of Red Sea shipping will continue until the third quarter of this year; Tesla's Chinese deliveries in June decreased by 24% year-on-year, and its global production for the second quarter will be announced later.
Citigroup: Spotlight on Top 8 Potential Catalyst Priorities in Three Centres, ASMPT, China Aluminum, Ico, MGM China, Li Ning and BYD
According to a research report published by Citigroup, the highly anticipated Third Plenary Session will be held from July 15th to 18th, with export and non-real estate infrastructure investment remaining the main driving force of the Chinese mainland economy in the second half of the year. The bank pointed out that although China is expected to achieve a 5% economic growth target this year, more time and policies are expected to be introduced to enhance investor confidence. In addition to gradual measures, no major policy breakthroughs are expected in the second half of the year. Citigroup is bullish on stocks benefiting from export growth and rising commodity prices, with PDD Holdings (PDD.US) and ASMPT Holdings Limited (00522.HK) as top picks in the market.
Bocom Intl Rating: Valuations of the mainland internet plus-related industry have recently pulled back, supported by performance and buybacks
On July 2nd, Guolonghui reported that bocom intl published a research report, rating the mainland internet industry as a leader. The report mentioned that in the second quarter of 2024, there is a sustained significant increase in shareholding of software-related industries in the Hong Kong stock market. Advertising and entertainment remain higher than the industry average, but shareholding in the e-commerce industry continues to decline. International institutional holdings are mainly concentrated in the life service, e-commerce, and gaming industries, with a higher shareholding ratio than the industry average. It has a significant difference in preference from the Hong Kong stock market, and has slightly rebounded in shareholding of entertainment and advertising companies, but still below the average. In June, the sentiment of the Mainland's internet sector fell back, and the China Internet ETF (KWEB) fell by 7% month-on-month, compared with a 6% rise in the Nasdaq and a 2% drop in the Hang Seng Index.
US stock market closed | Nasdaq hit another record high! Tesla rose more than 6%, while Nvidia fell more than 3.5% before bouncing back.
After rising by 1.6%, the China concept index saw its gains halved, with NIO Inc and Li Auto Inc rising by about 6.7%, and Xpeng rising by over 5%.
PDD Holdings' Temu, Online Site Shein Asked to Submit Information on Digital Services Act Compliance
PDD Holdings' (PDD) Temu and private online marketplace Shein were asked by the European Commission to provide more information on the measures they have taken to comply with the Digital Services Act,
US stocks closed lower on the last day of June with all three major indexes down. The AI-driven Nasdaq rose 18% in the first half of the year, while Nvidia soared 149%.
After hitting a new high, the S&P and Dow fell together, possibly due to Goldman Sachs and JPMorgan bearish on US stocks. Amazon, Google, and Microsoft fell from their recent highs, while most chip stocks rose. However, Nvidia rose 3% before falling 0.4% as the AI hype drove the Nasdaq up 18% and the S&P up 14.5% in the first half of the year.
'Amazon's Bargain Store Would Use Same Trade 'Loophole' as Temu, Shein' - The Information
'Amazon's Bargain Store Would Use Same Trade 'Loophole' as Temu, Shein' - The Information
10 Consumer Discretionary Stocks Whale Activity In Today's Session
This whale alert can help traders discover the next big trading opportunities.
A Closer Look at PDD Holdings's Options Market Dynamics
Financial giants have made a conspicuous bearish move on PDD Holdings. Our analysis of options history for PDD Holdings (NASDAQ:PDD) revealed 10 unusual trades.Delving into the details, we found 30% o
US Stock Market Preview | US May core PCE annual rate drops to a new three-year low, three major futures indexes slightly up.
The first half of the year has been a strong period for the US stock market and it will face three major challenges in the future; Nike's pre-market trading fell nearly 15%, and the company's fourth quarter revenue fell short of expectations.