CLN KraneShares Key News Asian equities were largely lower, as Taiwan underperformed following ASML’s earnings miss yesterday, while Thailand and Indonesia managed to outperform. Hong Kong and Mainland China bounced around the room throughout the day, despite US-listed China stocks being down significantly yesterday. The recent correction, following the massive stimulus-driven rally, paused on light…
On October 9th, according to Chinastarmarket, informed sources revealed that Baidu Apollo Go plans to launch robotaxi service in Hong Kong, which will also be its first business outside the mainland market. In the second quarter of 2024, Baidu‘s autonomous driving service Apollo Go provided approximately 899,000 autonomous driving orders, a year-on-year increase of 26%….
The explosive Chinese stock rally over the last month finally lost steam today after a press conference by Chinese officials failed to sustain investor exuberance over previously announced stimulus measures. Shares of the electric carmaker Li Auto (NASDAQ: LI) traded nearly 7.5% lower as of midday, while shares of the search giant and artificial intelligence…
What’s Going On With Chinese Stocks Alibaba, JD, Nio, Li Auto XPeng on Friday? Alibaba Group Holding (NYSE:BABA), the China tech industry barometer, is trading higher, marking its third week of gains as investors anticipate more upcoming stimulus, SCMP reports. Alibaba’s e-commerce rivals, including PDD Holdings Inc. (NASDAQ:PDD), JD.com, Inc. (NASDAQ:JD), and Baidu, Inc. (NASDAQ:BIDU),…
We recently published a list of 7 Cheap Chinese Stocks To Invest In Now. In this article, we are going to take a look at where Baidu (NASDAQ:BIDU) stands against the other cheap Chinese stocks to invest in now. The Economy of China According to a report by the International Monetary Fund (IMF), China’s economy…
What’s Going On With Chinese Stocks Alibaba, NIO, XPeng, Li Auto On Wednesday? Alibaba Group Holding (NYSE:BABA) and domestic rival stocks continued their rally since China announced stimulus plans to spur demand. Alibaba peers, including Baidu, Inc. (NASDAQ:BIDU), JD.com, Inc. (NASDAQ:JD), and PDD Holdings Inc. (NASDAQ:PDD), traded higher on Wednesday. Last week, China’s central bank…
CLN KraneShares Week in Review Asian equities were higher this week except for Singapore, Pakistan, Malaysia, and Indonesia, as Hong Kong and Mainland China outperformed on rate cuts and new stimulus measures. China’s equity market surged on Tuesday as the People’s Bank of China (PBOC) announced broad rate cuts, a lowering of mortgage down payment…
Hong Kong stocks climbed for a third day to a fresh four-month high as the stimulus rally continued, but local developers declined amid New World Development’s trading suspension. The Hang Seng Index jumped 2.3 per cent to 19,572.45 at local noon trading break, the highest level since May 20. The Tech Index surged 4.2 per…
CLN KraneShares Week in Review Asian equities were mostly higher this week as the US Fed cut interest rates by 0.50% and Hong Kong outperformed while Mainland China underperformed. Appliance giant Midea listed its shares publicly for the first time on the Hong Kong Stock Exchange on Tuesday, representing the first IPO of a Mainland-listed…
The U.S. has spent years wielding its trading powers to slow China’s advanced chipmaking efforts — but that hasn’t stopped the country from developing its own competitors in the artificial intelligence race. While some advanced chips and access to many Western-developed AI models are not available in China (due to both U.S. trade restrictions and…