SHANGHAI (Reuters) -Xiaomi won more orders than expected for its new YU7 electric sports utility vehicle in the first hours after it went on sale, sending the company’s shares up 8% to an all-time high. The Chinese EV and smartphone maker on Thursday priced its new electric YU7 SUV from 253,500 yuan ($35,364), almost 4%…
Hong Kong stocks fell on Tuesday after notching the biggest gain in two months a day earlier, as traders digested the apparent breakthrough in the China-US trade talks. The Hang Seng Index dropped 1.7 per cent to 23,156.89 at the noon break, giving up some of Monday’s 3 per cent gain. The Hang Seng Tech…
CLN KraneShares Key News Asian equities had a strong day on light volumes, except the Philippines, which was closed for Maundy Thursday, also known as Holy Thursday, commemorating the Last Supper. Hong Kong and Stock Connect are closed tomorrow and Monday. It was a fairly quiet night as Hong Kong rebounded by the same names…
CLN KraneShares Key News Asian equities experienced another deep drawdown, except for Hong Kong, Mainland China, and Thailand, as the Philippines missed the fun due to “Araw ng Kagitingan,” which celebrates the heroism of Filipino and American soldiers in World War II. This morning, China’s government reciprocated the U.S. government’s tariff increase by increasing tariffs…
Hong Kong’s market for initial public offerings is roaring back. After a period in the doldrums, the city has climbed to become the world’s fourth-biggest IPO market, after America’s Nasdaq, the New York Stock Exchange and Tokyo Stock Exchange. Now is the time for Hong Kong to regain its throne. A total of US$2.3 billion…
CLN KraneShares Key News Asian equities were lower overnight following President Trump’s “Liberation Day” tariff announcements. Vietnam and Japan were hit hard, while Taiwan and Indonesia picked the right day to be closed. Hong Kong, Mainland China, and South Korea were all off, but quite resilient as all markets were down less than -2%. I…
Tesla (TSLA) was under pressure again on Tuesday, falling as much as 3.8% in midday trading as a slew of competitors in China announced updates that again signaled competition on the mainland ramping up for the EV giant. Tuesday’s loss follows a 5% drop for Tesla stock to start the week, and shares are now…
Xiaomi has raised its full-year target for electric vehicle (EV) deliveries by 16 per cent on the back of strong demand after reporting solid financial results for last year, underpinning confidence among market bulls who drove its stock to an all-time high this week. The EV maker on Tuesday lifted its target to 350,000 from…
Chinese smartphone maker Xiaomi said on Thursday that its Android smartphones sold in India will come preinstalled with Indian fintech company PhonePe’s app store. Xiaomi’s Android smartphones usually come preinstalled with Google’s Play Store and the Chinese company’s own GetApps. Xiaomi said that it has signed a multi-year deal with PhonePe to replace GetApps with…
Although it was first unveiled in January at Samsung’s Galaxy Unpacked event, Samsung’s latest Galaxy S25 phones — and particularly the Edge model, which Samsung deemed its thinnest yet — stole the spotlight. We still don’t know much about the Samsung Galaxy S25 Edge. Visitors at the MWC 2025 didn’t receive any information on it,…