EH, Gold and BABA Show Strong Bullish Trends
One of the biggest movers in the China ADR universe today is EHang Holdings. Pilotless eVTOL rocks.
Image
2. $BABA-W(09988)$ $Alibaba(BABA)$
BABA now down 0.4% and trading at a 3.4% discount to HK listed shares despite tomorrow Chinese investors will come back to the market since Sept 30 and able to trade Alibaba on the Stock Connect. 🤔
You might be wondering why Chinese buyers are a little weary of buying gold these days. But the fact it’s holding close to $2700 in the absence China purchases is remarkable. The rest of the world is taking on more gold and realizing central banks are just itching to return to QE.
Image
https://x.com/BrianTycangco/status/1843280670392746163
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.
