Alibaba Down 1%, NIO Down 6%: Hong Kong Stocks Slip on Weak Chinese Corporate Earnings

South China Morning Post03-19

Hong Kong stocks slipped as weak corporate earnings and downbeat guidance amid China’s growth concerns weighed on sentiment.The Hang Seng Index declined 0.9 per cent to 16,628.48 as of 10.48am local ...

Source Link

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

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1129050682?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-03-19 10:55","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1129050682","market":"hk","top_or_hot":-1,"title":"Alibaba Down 1%, NIO Down 6%: Hong Kong Stocks Slip on Weak Chinese Corporate Earnings","media":"South China Morning Post","content":"<div>\n<p>Hong Kong stocks slipped as weak corporate earnings and downbeat guidance amid China’s growth concerns weighed on sentiment.The Hang Seng Index declined 0.9 per cent to 16,628.48 as of 10.48am local ...</p>\n\n<a href=\"https://www.scmp.com/business/markets/article/3255873/hong-kong-stocks-slip-weak-chinese-corporate-earnings-wuxi-apptech-wuxi-biologics-xpeng-leading\">Source Link</a>\n\n</div>\n","source":"lsy1600132093512","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 Down 1%, NIO Down 6%: Hong Kong Stocks Slip on Weak Chinese Corporate Earnings</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 Down 1%, NIO Down 6%: Hong Kong Stocks Slip on Weak Chinese Corporate Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-19 10:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/markets/article/3255873/hong-kong-stocks-slip-weak-chinese-corporate-earnings-wuxi-apptech-wuxi-biologics-xpeng-leading><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hong Kong stocks slipped as weak corporate earnings and downbeat guidance amid China’s growth concerns weighed on sentiment.The Hang Seng Index declined 0.9 per cent to 16,628.48 as of 10.48am local ...</p>\n\n<a href=\"https://www.scmp.com/business/markets/article/3255873/hong-kong-stocks-slip-weak-chinese-corporate-earnings-wuxi-apptech-wuxi-biologics-xpeng-leading\">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":"HSTECH","symbol_name":"恒生科技指数","start_time":0,"source_url":"https://www.scmp.com/business/markets/article/3255873/hong-kong-stocks-slip-weak-chinese-corporate-earnings-wuxi-apptech-wuxi-biologics-xpeng-leading","article_id":"1129050682","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1129050682","pubTimestamp":1710816946,"sourceInfo":{"source_id":"lsy1600132093512","name":"South China Morning Post"},"weMediaInfo":null,"summary":"Hong Kong stocks slipped as weak corporate earnings and downbeat guidance amid China’s growth concerns weighed on sentiment.The Hang Seng Index declined 0.9 per cent to 16,628.48 as of 10.48am local t","collect":0,"end_time":0,"defaultTopTitle":"scmp.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"HSTECH":"恒生科技指数","HSI":"恒生指数","HSCEI":"国企指数"},"translate_title":"阿里巴巴-SW下跌1%，蔚来下跌6%：港股因中国企业盈利疲软而下跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HSCEI":1.1,"HSI":1.1,"HSTECH":1.1},"content_text":"Hong Kong stocks slipped as weak corporate earnings and downbeat guidance amid China’s growth concerns weighed on sentiment.The Hang Seng Index declined 0.9 per cent to 16,628.48 as of 10.48am local time. The Tech Index lost 1.6 per cent and the Shanghai Composite Index lost 0.2 per cent.Wuxi Apptech tumbled 6.4 per cent to HK$40, the lowest level in over a month, after the company gave downbeat 2024 guidance due to “uncertainties in external environment”. Analysts at Nomura and Goldman Sachs slashed the price target to reflect the souring prospects. Wuxi Biologics slumped 5 per cent to HK$14.02.Alibaba 1.3 per cent to HK$71.10. Li Auto fell 8.5%, NIO fell 6.1%.Smartphone maker Xiaomi retreated 0.5 per cent to HK$14.86 and EV maker Xpeng slumped 3.6 per cent to HK$39.05 before their report cards later today.So far, 126 companies accounting for 26 per cent of MSCI China’s market capitalisation have reported fourth quarter earnings, and average net income has climbed 14 per cent year on year, compared with a 20 per cent jump in Asia excluding Japan, according to Goldman Sachs.The Hang Seng Index has declined 3.1 per cent after touching a three-month high last week, as China’s rate hold decision, persistent property market downturn and weak corporate earnings hurt risk appetite and prompt traders to take profit. Sentiment remains cautious ahead of the Fed’s meeting this week when traders will get more information about the rate trajectory.Asian stocks mostly traded lower. Japan’s Nikkei 225 lost 0.4 per cent, South Korea’s Kospi tumbled 1.1 per cent, and Australia’s S&P/ASX 200 declined less than 0.1 per cent.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":5,"commentSize":0,"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":"4.22.4","shortVersion":"4.22.4","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/1129050682"}