Despite a July slowdown, BYD retains its lead in China’s competitive EV market. Anna Barclay | Getty Images News | Getty Images Hong Kong-listed shares of BYD slid nearly 8% Monday after the Chinese electric vehicle maker reported a sharp drop in quarterly profit amid an aggressive price war across its domestic industry. The Tesla rival on Friday reported net profit …
Read More »In Hong Kong, Eric Trump Lauds Growing Influence of Crypto The New York Times Eric Trump sees bitcoin hitting $1 million, praises China cryptocurrency role Reuters Eric Trump Plans to Visit Japan in September for Crypto Push Bloomberg.com China Bitcoin News: Eric Trump Praises China’s Role in Bitcoin, Says U.S. and Beijing Are ‘Leading the Way’ CoinDesk What is American Bitcoin, and why is …
Read More »Asia stocks edge higher as tech meanders on Nvidia; Hong Kong hit by soft earnings Investing.com Europe markets set to open higher as investors assess Nvidia results CNBC Asia markets rocky as Nvidia drops, China chipmakers blast off Reuters Asia markets waver, Nvidia drops after earnings beat Yahoo Finance Asian shares are mixed after US stocks creep higher ahead of Nvidia earnings report WWLP Source …
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BANGKOK (AP) — Shares in China Evergrande were removed from the Hong Kong Stock Exchange on Monday, marking another step in the retreat of the giant real estate developer whose downfall contributed to a prolonged crisis in China’s property market. Evergrande’s creditors are still working to wind up debts that amounted to more than $340 billion. Once China’s second-largest developer, …
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Evergrande, formerly one of China’s biggest property developers, has been delisted from the Hong Kong stock exchange, capping the end of a long fall from grace. The company was removed from the exchange on Monday after an 18-month freeze on trading, imposed when the developer – once valued at more than HK$400bn (US$50bn) – was put into liquidation. Liquidators had …
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Since the new- generation ES8 debuted on August 21, Nio shares have jumped about 33 percent over three trading days in Hong Kong. The increased traffic for the new ES8 has further boosted interest in the Onvo L90. (Image credit: Nio) Nio Inc (NYSE: NIO) shares traded in Hong Kong continued to surge, driven by ongoing optimism following the debut …
Read More »Chinese Flu Shot Maker Soars in Hong Kong Trading Debut Bloomberg.com Dark Pool Intelligence | The innovative vaccine company, Zhonghui Bio-B, closed the dark pool trading session with a 158.76% gain, resulting in a profit of HKD 4,096 per lot. 富途牛牛 Mainland flu shot maker soars nearly 170% in HKSAR trading debut chinadailyasia.com AB&B BIO-TECH-B (02627.HK) Said to Be Priced at Lower Limit …
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Asher Hong won the U.S. men’s all-around gymnastics title by a record margin under a two-decade-old scoring system. Hong, a 21-year-old rising Stanford junior, totaled 170.02 points over two days in New Orleans, distancing fellow Olympic team bronze medalist Frederick Richard by 7.465 points. Hong had the largest margin victory under the Code of Points system implemented in 2006. The …
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There has been a real difference in Arsenal’s style and how they have approached games on their pre-season tour of Singapore and Hong Kong. The Gunners scored 17 fewer goals than Liverpool last season and finished 10 points behind the champions in second place. They struggled to break down teams that defended in low blocks, but against Spurs – and …
Read More »HONG KONG (AP) — A Hong Kong conglomerate that had agreed to sell its two ports at the Panama Canal said Monday it may seek a Chinese investor to join a consortium of buyers, a move that could please Beijing but bring more U.S. scrutiny to the geopolitically fraught deal. CK Hutchison Holdings’ initial plan to sell port assets in …
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