U.S. stock market morning session | Tesla surged more than 8%, with a market cap exceeding $1.1 trillion; Xiaomi ADR soared 5% after earnings, with Q3 revenue reaching a record high of $92.5 billion.
On the evening of October 18th, Beijing time, the market this week is focused on the earnings reports of several important companies including nvidia, as well as the Federal Reserve's interest rate cut policy and the outlook for the US stock market after the elections.
Nvidia, Super Micro Computer, Tesla, Netflix, and More Stock Market Movers
US stocks show movement | Chinese concept autos stocks rose broadly before the market, zeekr surged nearly 7%, and the China-Europe electric vehicle negotiations made some progress.
On November 18, Gelonghui reported that zeekr surged nearly 7%, leading the way, with NIO rising 2.45%, Xpeng increasing by 1.49%, and Li Auto up by 0.53%. In terms of news, recently, according to "CCTV" subsidiary "Yuyuantan Tian", the China-Europe technical team held five rounds of consultations in peking from November 2 to 7, engaging in in-depth discussions on the specific content of the EU's anti-subsidy case for Chinese electric vehicles price commitment plan, achieving some progress. Following the consultations, both sides mentioned in their press releases that they made progress. This detail suggests that there is a consensus between the two sides regarding the phrase "made progress". After negotiations, both sides have...
haitong int'l: Alibaba intends to reduce its shareholding in XPeng (09868.HK) instead of increasing it, accelerating the exit from non-core assets.
Haitong Int'l published a research report stating that rumors about Alibaba (09988.HK) significantly increasing its shareholding in Xiaopeng Automobiles (09868.HK) in the third quarter may be a misunderstanding. This could be due to Alibaba converting its common shares of Xiaopeng into ADS for easier potential trades in the USA, indicating an intent to reduce its shareholding, aligning with Alibaba's recent strategy of disposing of non-core assets. The firm noted that as of the end of September, Alibaba still held approximately 31.309 million Xiaopeng ADS, and it believes there is a high likelihood of continued shareholding reduction in the future, not due to a change in Alibaba's outlook on Xiaopeng's future but because of Alibaba accelerating the divestment of non-core assets.
Express News | The Civil Aviation Administration is about to launch eVTOL pilot projects in six cities.
Earnings Week Ahead: NVDA, WMT, SNOW, TGT, BIDU, NIO, ZIM, and More