Hong Kong Stocks Fall, While Nio Jumps 5% on Abu Dhabi Fund Injection

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Hong Kong Stocks Fall, While Nio Jumps 5% on Abu Dhabi Fund Injection

South China Morning Post2023-12-19

Stocks slip for a second day as China’s real estate slump persists; Gansu-based firms suffer after an earthquake rocked the northwestern provinceEV maker Nio gets another round of capital injection ...

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1M55
·2023-12-19
China, no longer the dream. Everyone lost money since 2020 with half capital gone. the trend is showing a crack by investing in them. Exiting seem the right approach and trusting that, without them in portfolio is well off. Those screaming US overvalued. Look over here. What cheap can be cheaper. Trading less than 5 PE? That is still expensive.
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Gansu-based firms suffer after an earthquake rocked the northwestern provinceEV maker Nio gets another round of capital injection ...</p>\n\n<a href=\"https://www.scmp.com/business/china-business/article/3245541/hong-kong-stocks-fall-longfor-slides-chinas-property-woes-focus-while-nio-jumps-abu-dhabi-fund\">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":"09888","symbol_name":"百度集团-SW","start_time":0,"source_url":"https://www.scmp.com/business/china-business/article/3245541/hong-kong-stocks-fall-longfor-slides-chinas-property-woes-focus-while-nio-jumps-abu-dhabi-fund","article_id":"1146665777","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1146665777","pubTimestamp":1702955271,"columns":[],"sourceInfo":{"source_id":"lsy1600132093512","name":"South China Morning Post"},"weMediaInfo":null,"summary":"Stocks slip for a second day as China’s real estate slump persists; 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Several companies based in Gansu weakened after an earthquake struck the northwestern Chinese province.The Hang Seng Index fell 1.1 per cent to 16,453.59 at 10.14am local time. The Tech Index dropped 1.2 per cent while the Shanghai Composite Index retreated 0.2 per cent.Developer Longfor Group slumped 3.6 per cent to HK$12.34 and property management firm Country Garden Services tumbled 11 per cent to HK$6.14. Alibaba Group lost 1 per cent to HK$71.40 and Tencent weakened 1 per cent to HK$308.60, while Meituan sank 5.4 per cent to HK$78.60.China’s real estate market crisis continues to claim fresh victims as funding stress persists, with state-backed developer China South City seeking to restructure US$1.35 billion of bonds this week. 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