Why Alibaba, Tesla Rivals Xpeng, Li Auto Are Striking Major Gains In Hong Kong Today
Shares of U.S.-listed Chinese tech companies advanced in Hong Kong on Wednesday, lifting the benchmark Hang Seng Index into positive territory.
$XPeng(XPEV.US$ +6.6%
$Alibaba(BABA.US$ +3.6%
$Baidu(BIDU.US$ +3.5%
$Li Auto(LI.US$ +3.4%
$JD.com(JD.US$ +2.9%
$Tencent(TCEHY.US$ +1.2%
$Alibaba(BABA.US$ +3.6%
$Baidu(BIDU.US$ +3.5%
$Li Auto(LI.US$ +3.4%
$JD.com(JD.US$ +2.9%
$Tencent(TCEHY.US$ +1.2%
The Macro Factors: The Hang Seng Index was up 1.3%, as stocks attempted a rebound after three days of losses.
China inflation eased in January, raising hopes for more policy easing measures by Beijing. Risk appetite also improved amid easing worries about Russia-Ukraine tensions
Cathie Wood-led Ark Investment Management has raised its exposure in Xpeng by acquiring shares estimated to be worth $3.2 million. Xpeng is the only other pure electric vehicle player besides $Tesla(TSLA.US$ in Ark Invest’s portfolio.
Shares of Chinese companies closed higher in U.S. trading on Tuesday after the major averages ended sharply higher on easing geopolitical concerns following news Russia is pulling back some troops from the Ukrainian border.
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news porter, welcome and respect all view~
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MonkeyGee : cathie brought XPEV so this stock is dead
FiveHundredCents OP MonkeyGee :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
MonkeyGee FiveHundredCents OP : I'm more focus on what she is selling. she sells then the short fund buys to cover. she just sold out of DKNG and PLTR. At the bottom of the chart. what does she trade by if it's not fundamental or technical?