Alibaba, Nio Drop Over 2%: Hang Seng Opens Weaker As Wall Street "Santa Claus" Rally Remains Elusive

Benzinga2022-12-20

Hong Kong stocks opened in the red on Tuesday morning with the benchmark Hang Seng losing 0.93% in morning trade as mounting fears of a recession are overshadowing hopes of a "Santa Claus" rally, generally seen during the end of the year. EV peers fell with Nio and Xpeng declining over 5% in morning trade. Alibaba and Tencent shares lost close to 2%.

Macro News: Securities regulators in mainland China and Hong Kong have agreed to widen the scope of stocks eligible for inclusion in the city’s trading links with Shanghai and Shenzhen, reported Bloomberg.

Company News: Tencent Holdings has acquired a 20% stake in a South Korean video gaming studio SHIFT UP, reported the South China Morning Post citing a local media report.

The wait time for NIO’s ES7 model has been reduced to 2-3 weeks compared to the previous 4-6 weeks, reported CnEVPost.

Top Gainers and Losers: Longfor Group Holdings Limited and Country Garden Services Holdings Company Limited are the top losers among Hang Seng constituents, having shed over 5% each. WuXi Biologics (Cayman) Inc. and Techtronic Industries Company Limited are the only two gainers on the index, having risen 0.6% and 0.28%, respectively.

Global News: U.S. futures traded in the green on Monday morning Asia session. The Dow Jones futures gained 0.12% while the Nasdaq futures rose 0.18%. The S&P 500 futures were trading higher by 0.14%.

Elsewhere in Asia-Pacific, Australia’s ASX 200 was trading lower by 0.55%. Japan’s Nikkei 225 traded 0.33% higher while China’s Shanghai Composite index lost 0.32%. South Korea’s Kospi shed 0.03%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Aindra
2022-12-20
Aindra
👍
T202311701
2022-12-20
T202311701
O
Singman
2022-12-20
Singman
Like
- IcyAlchemist:
  Liked

Leave a comment

3

58

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1117314695?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-12-20 10:35","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1117314695","market":"hk","top_or_hot":-1,"title":"Alibaba, Nio Drop Over 2%: Hang Seng Opens Weaker As Wall Street \"Santa Claus\" Rally Remains Elusive","media":"Benzinga","content":"<html><head></head><body><p>Hong Kong stocks opened in the red on Tuesday morning with the benchmark Hang Seng losing 0.93% in morning trade as mounting fears of a recession are overshadowing hopes of a &#34;Santa Claus&#34; rally, generally seen during the end of the year. EV peers fell with Nio and Xpeng declining over 5% in morning trade. Alibaba and Tencent shares lost close to 2%.</p><p><b>Macro News</b>: Securities regulators in mainland China and Hong Kong have agreed to widen the scope of stocks eligible for inclusion in the city’s trading links with Shanghai and Shenzhen, reported Bloomberg.</p><p><b>Company News</b>: Tencent Holdings has acquired a 20% stake in a South Korean video gaming studio SHIFT UP, reported the South China Morning Post citing a local media report.</p><p>The wait time for NIO’s ES7 model has been reduced to 2-3 weeks compared to the previous 4-6 weeks, reported CnEVPost.</p><p><b>Top Gainers and Losers</b>: Longfor Group Holdings Limited and Country Garden Services Holdings Company Limited are the top losers among Hang Seng constituents, having shed over 5% each. WuXi Biologics (Cayman) Inc. and Techtronic Industries Company Limited are the only two gainers on the index, having risen 0.6% and 0.28%, respectively.</p><p><b>Global News</b>: U.S. futures traded in the green on Monday morning Asia session. The Dow Jones futures gained 0.12% while the Nasdaq futures rose 0.18%. The S&amp;P 500 futures were trading higher by 0.14%.</p><p>Elsewhere in Asia-Pacific, Australia’s ASX 200 was trading lower by 0.55%. Japan’s Nikkei 225 traded 0.33% higher while China’s Shanghai Composite index lost 0.32%. South Korea’s Kospi shed 0.03%.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba, Nio Drop Over 2%: Hang Seng Opens Weaker As Wall Street \"Santa Claus\" Rally Remains Elusive</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba, Nio Drop Over 2%: Hang Seng Opens Weaker As Wall Street \"Santa Claus\" Rally Remains Elusive\n</h2>\n\n<h4 class=\"meta\">\n\n2022-12-20 10:35 北京时间&nbsp;&nbsp;&nbsp;<strong>Benzinga</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hong Kong stocks opened in the red on Tuesday morning with the benchmark Hang Seng losing 0.93% in morning trade as mounting fears of a recession are overshadowing hopes of a \"Santa Claus\" rally, ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09988","symbol_name":"阿里巴巴-W","start_time":0,"source_url":"","article_id":"1117314695","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1117314695","pubTimestamp":1671503728,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"Hong Kong stocks opened in the red on Tuesday morning with the benchmark Hang Seng losing 0.93% in m","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"09988":"阿里巴巴-W","09866":"蔚来-SW"},"translate_title":"阿里巴巴-SW、蔚来下跌超过2%：恒生指数开盘走软，华尔街“圣诞老人”反弹仍难以捉摸","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09866":0.9,"09988":0.9},"content_text":"Hong Kong stocks opened in the red on Tuesday morning with the benchmark Hang Seng losing 0.93% in morning trade as mounting fears of a recession are overshadowing hopes of a \"Santa Claus\" rally, generally seen during the end of the year. EV peers fell with Nio and Xpeng declining over 5% in morning trade. Alibaba and Tencent shares lost close to 2%.Macro News: Securities regulators in mainland China and Hong Kong have agreed to widen the scope of stocks eligible for inclusion in the city’s trading links with Shanghai and Shenzhen, reported Bloomberg.Company News: Tencent Holdings has acquired a 20% stake in a South Korean video gaming studio SHIFT UP, reported the South China Morning Post citing a local media report.The wait time for NIO’s ES7 model has been reduced to 2-3 weeks compared to the previous 4-6 weeks, reported CnEVPost.Top Gainers and Losers: Longfor Group Holdings Limited and Country Garden Services Holdings Company Limited are the top losers among Hang Seng constituents, having shed over 5% each. WuXi Biologics (Cayman) Inc. and Techtronic Industries Company Limited are the only two gainers on the index, having risen 0.6% and 0.28%, respectively.Global News: U.S. futures traded in the green on Monday morning Asia session. The Dow Jones futures gained 0.12% while the Nasdaq futures rose 0.18%. The S&P 500 futures were trading higher by 0.14%.Elsewhere in Asia-Pacific, Australia’s ASX 200 was trading lower by 0.55%. Japan’s Nikkei 225 traded 0.33% higher while China’s Shanghai Composite index lost 0.32%. South Korea’s Kospi shed 0.03%.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9926817877,"gmtCreate":1671508049200,"gmtModify":1676538548016,"author":{"id":"4115973560542492","authorId":"4115973560542492","name":"Aindra","avatar":"https://community-static.tradeup.com/news/87cd82860a8b90fe62e099eddce8bdf7","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4115973560542492","idStr":"4115973560542492"},"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9926817877","repostId":1117314695,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9926835372,"gmtCreate":1671505306996,"gmtModify":1676538547539,"author":{"id":"4115257325505790","authorId":"4115257325505790","name":"T202311701","avatar":"https://community-static.tradeup.com/news/816311e9879fbae4e952e2a5386f68ca","vip":1,"crmLevel":9,"crmLevelSwitch":0,"authorIdStr":"4115257325505790","idStr":"4115257325505790"},"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9926835372","repostId":1117314695,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9926832171,"gmtCreate":1671505099893,"gmtModify":1676538547492,"author":{"id":"3575125836760247","authorId":"3575125836760247","name":"Singman","avatar":"https://static.tigerbbs.com/d770feb757705f2d631d2d5f381ae07b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3575125836760247","idStr":"3575125836760247"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9926832171","repostId":1117314695,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105271663,"gmtCreate":1671510056262,"gmtModify":1671510069311,"authorId":3586429646894350,"author":{"id":3586429646894350,"idStr":"3586429646894350","authorId":3586429646894350,"name":"IcyAlchemist","avatar":"https://community-static.tradeup.com/news/70287be4fce2077caea2b6d320a924aa","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9926832171,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Liked</span>","text":"<span class=\"s1\">Liked</span>","html":"<span class=\"s1\">Liked</span>"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":58,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1117314695"}