Excellent good share 👍🏻👍-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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DannDann
2022-11-15

Excellent good share 👍🏻👍

Alibaba Up Over 9%, Tencent Rose Over 7%: Hang Seng Index Jumped Over 3% Though Varying Voices From Fed Cool Rally Down

ZINGER KEY POINTSBenchmark Hang Seng Index was trading 3.33% higher.Alibaba and Tencent shares gaine

Alibaba Up Over 9%, Tencent Rose Over 7%: Hang Seng Index Jumped Over 3% Though Varying Voices From Fed Cool Rally Down

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jethro
·2023-01-03
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Different voices from the U.S. central bank seem to have confused traders and investors as major Wall Street indices took a breakfrom last week’s rally.</p><p>“Fed Fund futures sold off as senior FOMC [<b>Waller</b>] and Treasury officials [<b>Yellen</b>] advise market participants not to read too much into the weaker October CPI report, and that there is still a long way to go in the battle against inflation. Meanwhile, Fed Vice Chair <b>Brainard</b> noted it would be appropriate to slow the pace of hikes &#39;soon,&#39;” said ANZ Research in a note.</p><p>Shares of Nio rose over 2%. Alibaba and Tencent shares gained over 9% and 8%, respectively, on Tuesday morning.</p><p><b>Company News:</b> Alibaba’s logistics arm <b>Cainiao</b> has announced the opening of its Latin American headquarters in Sao Paulo, Brazil, according to CNBC.</p><p><b>Tesla Inc</b> -rival <b>Leapmotor</b>, which announced its first quarterly results post its IPO, has posted a 400% rise in its revenue while its net loss has doubled, reported CnEVPost.</p><p><b>Top Gainers and Losers:</b> <b>Longfor Group Holdings Limited</b> and <b>Country Garden Services Holdings Company Limited</b> are the top losers among Hang Seng constituents, shedding over 6% and 3%, respectively. ENN Energy Holdings Limited and New World Development Company Limited are the top losers, having shed over 2% and 1%, respectively.</p><p><b>Global News:</b> U.S. futures traded higher on Tuesday morning Asia session. Dow Jones futures were up 0.22%, while Nasdaq futures gained 0.39%. The S&amp;P 500 futures were trading higher by 0.27%.</p><p>Elsewhere in Asia-Pacific, Australia’s ASX 200 was down 0.28%. Japan’s Nikkei 225 traded 0.06% lower while China’s Shanghai Composite index was up by 0.31%. 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Different voices from the U.S. central bank seem to have confused traders and investors as major Wall Street indices took a breakfrom last week’s rally.“Fed Fund futures sold off as senior FOMC [Waller] and Treasury officials [Yellen] advise market participants not to read too much into the weaker October CPI report, and that there is still a long way to go in the battle against inflation. Meanwhile, Fed Vice Chair Brainard noted it would be appropriate to slow the pace of hikes 'soon,'” said ANZ Research in a note.Shares of Nio rose over 2%. Alibaba and Tencent shares gained over 9% and 8%, respectively, on Tuesday morning.Company News: Alibaba’s logistics arm Cainiao has announced the opening of its Latin American headquarters in Sao Paulo, Brazil, according to CNBC.Tesla Inc -rival Leapmotor, which announced its first quarterly results post its IPO, has posted a 400% rise in its revenue while its net loss has doubled, reported CnEVPost.Top Gainers and Losers: Longfor Group Holdings Limited and Country Garden Services Holdings Company Limited are the top losers among Hang Seng constituents, shedding over 6% and 3%, respectively. ENN Energy Holdings Limited and New World Development Company Limited are the top losers, having shed over 2% and 1%, respectively.Global News: U.S. futures traded higher on Tuesday morning Asia session. Dow Jones futures were up 0.22%, while Nasdaq futures gained 0.39%. The S&P 500 futures were trading higher by 0.27%.Elsewhere in Asia-Pacific, Australia’s ASX 200 was down 0.28%. 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