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2022-12-08

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Alibaba Rose 3.47%, Nio Rise 1.97%: Hang Seng Rebounds On Easing COVID-19 Curbs In China

KEY POINTSShares of Alibaba rose 3.47% and Nio rose 1.97% while Meituan rose 4.06% and Li Auto stock

Alibaba Rose 3.47%, Nio Rise 1.97%: Hang Seng Rebounds On Easing COVID-19 Curbs In China

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The Dow Jones futures lost 0.18% while the Nasdaq futures shed 0.41%. The S&amp;P 500 futures were trading lower by 0.31%.</p><p>Elsewhere in Asia-Pacific, Australia’s ASX 200 was down 0.7%. Japan’s Nikkei 225 traded 0.87% lower while China’s Shanghai Composite index fell 0.08%. South Korea’s Kospi fell 0.9%.</p></body></html>","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>Alibaba Rose 3.47%, Nio Rise 1.97%: Hang Seng Rebounds On Easing COVID-19 Curbs In China</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; 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}\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 Rose 3.47%, Nio Rise 1.97%: Hang Seng Rebounds On Easing COVID-19 Curbs In China\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2022-12-08 10:14</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><h2>KEY POINTS</h2><ul><li>Shares of Alibaba rose 3.47% and Nio rose 1.97% while Meituan rose 4.06% and Li Auto stocks rose 3.25% in morning trade.</li><li>China&#39;s exports and imports narrowed at their steepest pace in at least 2.5 years in Nov.</li><li>Senior Chinese officials are discussing an economic growth target for 2023 of around 5%.</li></ul><p><img src=\"https://static.tigerbbs.com/964a9f442a3fd620c87ff63987d5c517\" tg-width=\"1000\" tg-height=\"625\" referrerpolicy=\"no-referrer\"/>Hong Kong stocks opened in the green on Thursday morning, with the benchmark Hang Seng gaining 1.96%, as investors and traders cheered the easing COVID-19 restrictions in China, which signaled a reopening of the economy. The government announced that work and local production cannot be stopped unless an area is considered high-risk.<img src=\"https://static.tigerbbs.com/a8302811d9e794a260bd24f59f3f9b91\" tg-width=\"375\" tg-height=\"538\" referrerpolicy=\"no-referrer\"/>Shares of Alibaba rose 3.47% and Nio rose 1.97% while Meituan rose 4.06% and Li Auto stocks rose 3.25% in morning trade.</p><p><b>Macro News:</b> China&#39;s exports and imports narrowed at their steepest pace in at least 2.5 years in November, dragged by sluggish demand, COVID-led production disruptions and a property slump, reported Reuters.</p><p>China should change its official name for COVID-19 to indicate the virus&#39; mutation, and patients with light symptoms should be permitted to quarantine at home, said a leading authority on traditional Chinese medicine, according to Reuters.</p><p>Senior Chinese officials are discussing an economic growth target for 2023 of around 5%, Bloomberg reported, citing people familiar with the discussion.</p><p><b>Company News:</b> <b>Warren Buffett</b>-backed <b>BYD Co.</b> is thinking about building a battery plant in the U.S. but doesn’t currently plan on selling its electric cars there,reportedBloomberg citing a top executive.</p><p>U.K.-based <b>INEOS</b> and <b>China Petroleum &amp; ChemicalCorporation</b>, known as Sinopec, have announced a new joint venture agreement that will see INEOS acquire a 50% share in the existing <b>Tianjin Nangang</b> Ethylene Project from Sinopec.</p><p><b>Top Gainers and Losers:</b> <b>Galaxy Entertainment Group Limited</b> and <b>Meituan</b> are the top gainers on the Hang Seng index, having risen over 4%. <b>Lenovo Group Limited</b> and <b>CK Infrastructure Holdings Limited</b> are the top losers, having shed 0.5% each.</p><p><b>Global News:</b> U.S. futures traded in the red on Thursday morning Asia session. The Dow Jones futures lost 0.18% while the Nasdaq futures shed 0.41%. The S&amp;P 500 futures were trading lower by 0.31%.</p><p>Elsewhere in Asia-Pacific, Australia’s ASX 200 was down 0.7%. Japan’s Nikkei 225 traded 0.87% lower while China’s Shanghai Composite index fell 0.08%. South Korea’s Kospi fell 0.9%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","09866":"蔚来-SW"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160997619","content_text":"KEY POINTSShares of Alibaba rose 3.47% and Nio rose 1.97% while Meituan rose 4.06% and Li Auto stocks rose 3.25% in morning trade.China's exports and imports narrowed at their steepest pace in at least 2.5 years in Nov.Senior Chinese officials are discussing an economic growth target for 2023 of around 5%.Hong Kong stocks opened in the green on Thursday morning, with the benchmark Hang Seng gaining 1.96%, as investors and traders cheered the easing COVID-19 restrictions in China, which signaled a reopening of the economy. The government announced that work and local production cannot be stopped unless an area is considered high-risk.Shares of Alibaba rose 3.47% and Nio rose 1.97% while Meituan rose 4.06% and Li Auto stocks rose 3.25% in morning trade.Macro News: China's exports and imports narrowed at their steepest pace in at least 2.5 years in November, dragged by sluggish demand, COVID-led production disruptions and a property slump, reported Reuters.China should change its official name for COVID-19 to indicate the virus' mutation, and patients with light symptoms should be permitted to quarantine at home, said a leading authority on traditional Chinese medicine, according to Reuters.Senior Chinese officials are discussing an economic growth target for 2023 of around 5%, Bloomberg reported, citing people familiar with the discussion.Company News: Warren Buffett-backed BYD Co. is thinking about building a battery plant in the U.S. but doesn’t currently plan on selling its electric cars there,reportedBloomberg citing a top executive.U.K.-based INEOS and China Petroleum & ChemicalCorporation, known as Sinopec, have announced a new joint venture agreement that will see INEOS acquire a 50% share in the existing Tianjin Nangang Ethylene Project from Sinopec.Top Gainers and Losers: Galaxy Entertainment Group Limited and Meituan are the top gainers on the Hang Seng index, having risen over 4%. Lenovo Group Limited and CK Infrastructure Holdings Limited are the top losers, having shed 0.5% each.Global News: U.S. futures traded in the red on Thursday morning Asia session. The Dow Jones futures lost 0.18% while the Nasdaq futures shed 0.41%. The S&P 500 futures were trading lower by 0.31%.Elsewhere in Asia-Pacific, Australia’s ASX 200 was down 0.7%. Japan’s Nikkei 225 traded 0.87% lower while China’s Shanghai Composite index fell 0.08%. South Korea’s Kospi fell 0.9%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":324,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":6,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}