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2022-09-28

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Asian Bloodbath Continues: Alibaba, XPeng Shed 2%, Yuan Hits Weakest Levels Since 2008

2022-09-22

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The Chinese yuan hit its lowest level since 2008 and was trading at 7.2296 against the dollar on Wednesday.EV-maker stocks sank in Hong Kong trading, with shares of Xpeng, Nio and Li Auto shares falling over 5%. Shares of JD.com plunged 5%, while Alibaba lost over 2%.Macro News: China’s industrial profits dropped 2.1% in the first eight months of 2022 compared to a year earlier, after a 1.1% drop logged in January-July, reportedReutersciting data from the National Bureau of Statistics (NBS).Chinese monetary authorities have asked local banks to revive a yuan fixing tool that was abandoned two years ago as they look to defend the rapidly weakening currency, reported Reuters.Company News: Tencent’s online literature arm stated it would pull the plug on its e-reader service, reported the South China Morning Post.William Li, founder-CEO of Chinese EV maker Nio, has warned that Europe’s energy crisis is slowing its expansion in a region where it is aiming to take on dominant players, reported FT.Top Gainers and Losers: Country Garden Services Holdings Company Limitedand JD.com, Inc. are the top losers among Hang Seng constituents, having lost over 6% and 5% respectively. There were no gainers on Wednesday.Global News: U.S. futures traded in the red on Wednesday morning Asia session. The Dow Jones futures were down 0.37% while the Nasdaq futures lost 0.6%. The S&P 500 futures were down 0.46%.Elsewhere in Asia, Australia’s ASX 200 was down 0.7%. Japan’s Nikkei 225 was down 2.31% while China’s Shanghai Composite index lost 0.73%. 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11:16","market":"hk","language":"en","title":"Asian Bloodbath Continues: Alibaba, XPeng Shed 2%, Yuan Hits Weakest Levels Since 2008","url":"https://stock-news.laohu8.com/highlight/detail?id=1123161193","media":"Benzinga","summary":"ZINGER KEY POINTSXpeng, Nio and Li Auto fell over 5% in Hong Kong.The Chinese yuan hit its lowest le","content":"<html><head></head><body><p><b>ZINGER KEY POINTS</b></p><ul><li>Xpeng, Nio and Li Auto fell over 5% in Hong Kong.</li><li>The Chinese yuan hit its lowest level since 2008.</li><li>Chinese monetary authorities have asked local banks to revive a yuan fixing tool.</li></ul><p>Hong Kong shares opened lower on Wednesday, with the benchmark Hang Seng slipping 2.5%, taking cues from the S&amp;P 500 which fell deeper into the bear territory after hitting a near two-year low. The Chinese yuan hit its lowest level since 2008 and was trading at 7.2296 against the dollar on Wednesday.</p><p>EV-maker stocks sank in Hong Kong trading, with shares of Xpeng, Nio and Li Auto shares falling over 5%. Shares of JD.com plunged 5%, while Alibaba lost over 2%.</p><p><b>Macro News</b>: China’s industrial profits dropped 2.1% in the first eight months of 2022 compared to a year earlier, after a 1.1% drop logged in January-July, reportedReutersciting data from the <b>National Bureau of Statistics (NBS)</b>.</p><p>Chinese monetary authorities have asked local banks to revive a yuan fixing tool that was abandoned two years ago as they look to defend the rapidly weakening currency, reported Reuters.</p><p><b>Company News</b>: <b>Tencent</b>’s online literature arm stated it would pull the plug on its e-reader service, reported the South China Morning Post.</p><p><b>William Li</b>, founder-CEO of Chinese EV maker <b>Nio</b>, has warned that Europe’s energy crisis is slowing its expansion in a region where it is aiming to take on dominant players, reported FT.</p><p><b>Top Gainers and Losers</b>: <b>Country Garden Services Holdings Company Limited</b>and <b>JD.com</b>, Inc. are the top losers among Hang Seng constituents, having lost over 6% and 5% respectively. There were no gainers on Wednesday.</p><p><b>Global News</b>: U.S. futures traded in the red on Wednesday morning Asia session. The Dow Jones futures were down 0.37% while the Nasdaq futures lost 0.6%. The S&amp;P 500 futures were down 0.46%.</p><p>Elsewhere in Asia, Australia’s ASX 200 was down 0.7%. Japan’s Nikkei 225 was down 2.31% while China’s Shanghai Composite index lost 0.73%. South Korea’s Kospi was down 2.41%.</p></body></html>","source":"lsy1606299360108","collect":0,"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>Asian Bloodbath Continues: Alibaba, XPeng Shed 2%, Yuan Hits Weakest Levels Since 2008</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\">\nAsian Bloodbath Continues: Alibaba, XPeng Shed 2%, Yuan Hits Weakest Levels Since 2008\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-28 11:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/asia/22/09/29045467/asian-bloodbath-continues-alibaba-xpeng-drop-over-2-chinese-yuan-hit-its-weakest-levels-since-2008><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ZINGER KEY POINTSXpeng, Nio and Li Auto fell over 5% in Hong Kong.The Chinese yuan hit its lowest level since 2008.Chinese monetary authorities have asked local banks to revive a yuan fixing tool.Hong...</p>\n\n<a href=\"https://www.benzinga.com/markets/asia/22/09/29045467/asian-bloodbath-continues-alibaba-xpeng-drop-over-2-chinese-yuan-hit-its-weakest-levels-since-2008\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","09868":"小鹏汽车-W"},"source_url":"https://www.benzinga.com/markets/asia/22/09/29045467/asian-bloodbath-continues-alibaba-xpeng-drop-over-2-chinese-yuan-hit-its-weakest-levels-since-2008","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123161193","content_text":"ZINGER KEY POINTSXpeng, Nio and Li Auto fell over 5% in Hong Kong.The Chinese yuan hit its lowest level since 2008.Chinese monetary authorities have asked local banks to revive a yuan fixing tool.Hong Kong shares opened lower on Wednesday, with the benchmark Hang Seng slipping 2.5%, taking cues from the S&P 500 which fell deeper into the bear territory after hitting a near two-year low. The Chinese yuan hit its lowest level since 2008 and was trading at 7.2296 against the dollar on Wednesday.EV-maker stocks sank in Hong Kong trading, with shares of Xpeng, Nio and Li Auto shares falling over 5%. Shares of JD.com plunged 5%, while Alibaba lost over 2%.Macro News: China’s industrial profits dropped 2.1% in the first eight months of 2022 compared to a year earlier, after a 1.1% drop logged in January-July, reportedReutersciting data from the National Bureau of Statistics (NBS).Chinese monetary authorities have asked local banks to revive a yuan fixing tool that was abandoned two years ago as they look to defend the rapidly weakening currency, reported Reuters.Company News: Tencent’s online literature arm stated it would pull the plug on its e-reader service, reported the South China Morning Post.William Li, founder-CEO of Chinese EV maker Nio, has warned that Europe’s energy crisis is slowing its expansion in a region where it is aiming to take on dominant players, reported FT.Top Gainers and Losers: Country Garden Services Holdings Company Limitedand JD.com, Inc. are the top losers among Hang Seng constituents, having lost over 6% and 5% respectively. There were no gainers on Wednesday.Global News: U.S. futures traded in the red on Wednesday morning Asia session. The Dow Jones futures were down 0.37% while the Nasdaq futures lost 0.6%. The S&P 500 futures were down 0.46%.Elsewhere in Asia, Australia’s ASX 200 was down 0.7%. Japan’s Nikkei 225 was down 2.31% while China’s Shanghai Composite index lost 0.73%. South Korea’s Kospi was down 2.41%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":238,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9919457318,"gmtCreate":1663852753134,"gmtModify":1676537349520,"author":{"id":"4095641161585110","authorId":"4095641161585110","name":"LordXin","avatar":"https://community-static.tradeup.com/news/758c3e75730b4eb0ddf838ab17a53e00","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4095641161585110","authorIdStr":"4095641161585110"},"themes":[],"htmlText":"DDa is good","listText":"DDa is good","text":"DDa is good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9919457318","isVote":1,"tweetType":1,"viewCount":331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}