Morning Briefing: Tesla rival Li Auto launches $2 billion Hong Kong share sale

Moomoo Breakfast US wrote a column · Aug 3, 2021 05:24

Morning Briefing: Tesla rival Li Auto launches $2 billion Hong Kong share sale

Hey, moomooers! Here are things you need to know before the opening bell:

- Stock futures rose in early morning trading on Tuesday after worries about slowing growth sparked a Monday sell-off on Wall Street.

- Electric-car maker Li Auto kicked off a near-$2 billion stock offering in Hong Kong, joining a string of U.S.-listed Chinese companies in tapping investors closer to home.

Market snapshot

Stock futures rose in early morning trading on Tuesday after worries about slowing growth sparked a Monday sell-off on Wall Street.

Futures on the $Dow Jones Industrial Average (.DJI.US)$gained 134 points. $S&P 500 Index (.SPX.US)$futures and $Nasdaq Composite Index (.IXIC.US)$futures both edged higher.

Source: Bloomberg

Crypto

$Bitcoin (BTC.CC)$continues to drop on the second trading day of August, traded 1.79% lower than yesterday at $3,8489.8 at the time of writing. $Ethereum (ETH.CC)$were dropping 4.75%, traded at $2,488.7.

Source: Moomoo

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Tesla rival Li Auto launches $2 billion Hong Kong share sale

Electric-car maker Li Auto kicked off a near-$2 billion stock offering in Hong Kong, joining a string of U.S.-listed Chinese companies in tapping investors closer to home.

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