Canada’s largest public pension seems to be more bullish about electric vehicles than iPhones. Canada Pension Plan sold 85% of its Apple stock (ticker: AAPL), and scooped up shares of Tesla (TSLA), an...
Tag: Li Auto
CNY Rallies As Central Banks Hike Interest Rates
China Last Night KraneShares Key News Asian equity markets were broadly higher as Taiwan and South Korea outperformed. Central banks, including the Hong Kong Monetary Authority, the European Central B...
Rally Catches Its Breath As World Bank Releases 2023 GDP Forecast
China Last Night KraneShares Key News Asian equities were mixed overnight while Japan and South Korea outperformed. Hong Kong and China eased in afternoon trading though the Hang Seng closed in the gr...
EV & Auto Stocks Rise On December And 2022 Data As Tesla’s Market Share Drops
China Last Night KraneShares Key News Asian equities were mixed overnight as India underperformed the region. Light on news overnight as Hong Kong stocks took a breather after their strong rally which...
Markets Look Forward As Beijing & Guangzhou Are Past COVID Peak
China Last Night KraneShares Key News Asian equities were largely higher to start 2023 except for Japan, which took another day off today. Both Hong Kong and China opened lower with the Hang Seng down...
Warren Buffett-Backed BYD’s EV Sales Soar To Monthly Record In December
A BYD showroom in Shanghai last year. Photographer: Qilai Shen/Bloomberg © 2022 Bloomberg Finance LP Sales of new energy vehicles at BYD, China’s top-selling electric vehicle maker, more than doubled ...
Happy New Year As Electric Vehicle & Auto Companies Celebrate Policy Support, Week In Review
China Last Night KraneShares Week in Review Asian equities had a bumpy week as reopening, and the spread of COVID in China continued to capture headlines, and US equities came back from the Christmas ...
NIO shares soar in Hong Kong despite earnings miss
NIO Inc. 9866, +17.06% shares soared in Hong Kong, tracking Wall Street gains overnight as slower-than-expected U.S. inflation buoyed markets and helped investors shrug off the Chinese electric-car ma...
Party Congress Speech Prioritizes The Economy
Key News Asian equities were largely higher overnight though Japan, Taiwan, and Australia were down. The key news was President Xi’s two-hour Sunday speech, which kicked off the week-long Party Congre...
Healthcare Stocks Rise On Policy Support, Week In Review
China Last Night KraneShares Week in Review Asian equities were lower this week except for onshore China, which was the only market in the region to end the week in positive territory. The US Bureau o...
Mainland Stocks & CNY Stage Mid Day Reversal
China Last Night KraneShares Key News Asian equity markets were mixed as China outperformed. In the words of a Mainland stock broker, it was “an exciting trading day”. Onshore China (Shanghai/Shenzhen...
Onshore & Offshore Diverge As Hong Kong Short Interest Rises
China Last Night KraneShares Key News Asian equities were down overnight while the three markets that were closed Monday South Korea, Japan, Malaysia, and Taiwan played catch up to the downside as Chi...
Sales Fall Again In September At China SUV Leader Great Wall
Wei Jianjun, chairman of Great Wall Motor, in 2019. Photographer: Paul Yeung/Bloomberg © 2019 Bloomberg Finance LP Sales lagged again in September at China’s once high-flying SUV leader Great Wall Mot...
China Returns From Golden Week Holiday, US Semiconductor Ban Weighs On Technology
China Last Night KraneShares Key News Asian equities were all down following US stocks’ poor performance on Friday following the strong employment release as investors face the reality of further US F...
MSCI Solicits China A Share Feedback, Hong Kong Shorts Press Again, Week In Review
China Last Night KraneShares Week in Review Hong Kong returned from its holiday in good spirits as the Hang Seng Index gained +5.9% on Wednesday on multiple catalysts, including Hong Kong reopening fo...
Real Estate Rebounds On Policy Support, China Begins Golden Week Holiday
China Last Night KraneShares Key News Asian equities were largely off, as Japan outperformed while India and Thailand underperformed. China is closed this week for the National Holiday, while South Ko...
Mainland Rebounds On Zero COVID Dial Back, Healthcare Equipment Loans Raise Sector
China Last Night KraneShares Key News The US dollar’s parabolic rise has taken a breather, allowing some Asian markets to recover overnight. Mainland China rallied on explicit policy support for equit...
Travel Plays Fly On Hong Kong & Macau Reopening, PBOC Pumps Brakes On CNY Depreciation
China Last Night KraneShares Key News Asian equities were off with an emphasis on growth stocks except for Hong Kong, as internet stocks outperformed. Hong Kong finally saw some positive catalysts as ...
US Dollar Weighs On Global Risk Assets, Hong Kong Opens To Visitors, Week In Review
China Last Night KraneShares Week in Review The Public Company Accounting Oversight Board (PCAOB) began the process of reviewing the audit books of US-listed Chinese companies on Monday by meeting wit...
PCAOB Begins Audit Reviews
China Last Night KraneShares Key News Asian equity markets closed lower to start the week in anticipation of the US Federal Reserve hiking interest rates another 75 basis points. However, India manage...
China’s EV Startups Suffer Widening Losses Despite Sales Boom
Sept. 19, 2022 6:00 am ET Listen to article (2 minutes) HONG KONG—China’s electric-vehicle market is booming, but the country’s hottest EV startups are seeing losses grow even as sales rise. Rising ba...
XPeng Stock Is About to Go Higher, Says Analyst
Text size XPeng stock can gain in coming months, according to Deutsche Bank analyst Edison Yu. Hector Retamal/AFP via Getty Images Sometimes timing is everything. And Deutsche Bank believes now is the...
Moonshot Weighs On Wuxi While Nio Fans Rejoice In ET5 Launch
China Last Night KraneShares Key News Asian equities were largely higher while Hong Kong was off as the Asia Dollar Index increased overnight. Hong Kong and Chinese biotech stocks were hit hard after ...
Tesla Stock Takes Hit From Nvidia’s Warning About Business With China
Text size Production at Tesla’s Shanghai Gigafactory could face another supply problem in coming months. Xiaolu Chu/Getty Images Nvidia ’s new chip problem can impact shares of some chip custome...
Alibaba Prepares For PCAOB Audit Review, MSCI Rebalance Day Leads To High Volumes
China Last Night KraneShares Yesterday, U.S. China ADRs fell partly due to a Reuters article stating that Alibaba and JD.com will have PCAOB audit reviews. The “news,” which should be expe...
Baidu Beats, Hong Kong Short Volume Reaches All Time High, And US Dollar Takes A Breather
China Last Night KraneShares Key News Asian equities had a strong day, less so China and Hong Kong while India outperformed as the US dollar took a breather from its recent strong run. One has to wond...
XPeng Stock Gets Another Downgrade. It’s Becoming More Controversial Than Tesla.
Shares of pure-play electric vehicle producers can be controversial on Wall Street. High-growth car stocks can be difficult to value when the traditional auto players trade for less than seven or eigh...