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We’re looking at a 7-day holiday next week for China and holiday in HK on 10/1. Despite this, CN ADRs are powering higher - many are now higher than their HK counterparts - indicating lack of short-selling pressure and few interested in taking profits. Beijing is instilling confidence in the market the likes of which I haven’t seen in years. More stimulus seems to be coming down the road. A lot of people got burned really bad and are n...
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Hong Kong stocks opened lower in the morning. $Hang Seng Index (800000.HK)$ opened 136 points or 0.7% lower at 18,199. $Hang Seng China Enterprises Index (800100.HK)$ opened 55 points or 0.8% lower at 6,500. $Hang Seng TECH Index (800700.HK)$ opened 47 points or 1.3% lower at 3,720.
$SENSETIME-W (00020.HK)$ opened plummeting 4.5% at $1.26 after raising nearly $2 billion in a 9.1% discounted share placement.
For other tech stocks, $BABA-W (09988.HK)$ , ...
$SENSETIME-W (00020.HK)$ opened plummeting 4.5% at $1.26 after raising nearly $2 billion in a 9.1% discounted share placement.
For other tech stocks, $BABA-W (09988.HK)$ , ...
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5 Top Picks This Week
What Happened Last Week (6 - 10 May)
US Markets closed last week higher for the 3rd consecutive week thanks to the current relief rally. The S&P500 index is just shy of 1.5% away from the previous high set at the end of March 2024. While the NASDAQ index is about 2.5% away from all time highs. Last week was a pretty quiet week due to the lack of any key economic news or unexpected market events. US 10-year Note auction ...
What Happened Last Week (6 - 10 May)
US Markets closed last week higher for the 3rd consecutive week thanks to the current relief rally. The S&P500 index is just shy of 1.5% away from the previous high set at the end of March 2024. While the NASDAQ index is about 2.5% away from all time highs. Last week was a pretty quiet week due to the lack of any key economic news or unexpected market events. US 10-year Note auction ...
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Back in beginning of April, I shared that China/HK stocks are showing sign of strength.
On top of the policies that China government impose, charts have continuously formed higher low, and nearing a high - close to a breakout
$Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ YINN - leveraged ETF of $iShares China Large-Cap ETF (FXI.US)$ FXI, it tracks the big cap of China companies, have similar price movement but 3 times leveraged. I made my buying ...
On top of the policies that China government impose, charts have continuously formed higher low, and nearing a high - close to a breakout
$Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ YINN - leveraged ETF of $iShares China Large-Cap ETF (FXI.US)$ FXI, it tracks the big cap of China companies, have similar price movement but 3 times leveraged. I made my buying ...
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