US MOVERS&SHAKERS Dec 16-Dec 20, 2024

Moomoo NewsDec 20 03:15 ET · Markets

Automotive Sector To Remain Robust In 2025 Supported By EV Incentives

Business TodayDec 19 23:59 ET

Hong Kong stocks movement | Electric Vehicle stocks are rising. The year-end peak season, combined with the trade-in policy, continues to boost the industry's high prosperity trend.

The stocks of Electric Vehicles are rising. As of the time of writing, NIO-SW (09866) is up 5.48%, quoted at 36.55 Hong Kong dollars; LEAPMOTOR (09863) is up 4.19%, quoted at 32.3 Hong Kong dollars; Ideal Auto-W (02015) is up 2.91%, quoted at 93.7 Hong Kong dollars.

Zhitong FinanceDec 19 22:04 ET

Hong Kong stocks moving | Li Auto-W (02015) rises over 3% as it collaborates with the Aerospace Material Institute to jointly develop aerospace-grade Battery thermal insulation materials.

Ideal Autos-W (02015) rose over 3%, up 3.24% as of the time of writing, priced at 94 Hong Kong dollars, with a transaction volume of 0.553 billion Hong Kong dollars.

Zhitong FinanceDec 19 21:57 ET

Financial Associated Press Autos Morning News [December 20th]

① The Passenger Vehicle retail market is expected to be around 2.7 million units in December, an increase of 14.8% year-on-year and a growth of 11.4% compared to the previous month; ② Reporters learned from several informed sources that Chongqing Sokon Industry Group Stock may go for a secondary listing in Hong Kong and will hire China Securities Co., Ltd. and China International Capital Corporation as its listing sponsorship team.

cls.cnDec 19 19:49 ET

The Dow barely ended its longest continuous decline in 50 years, Micron fell by 16%, the US dollar reached a two-year high again, and US bonds, oil, and Bitcoin all dropped.

U.S. stock market's other Indexes turned down towards the end, Tesla rose by nearly 4% before closing down, NVIDIA reached a high of 4%, and Micron Technology had its steepest decline in five years. The yield on the 10-year U.S. Treasury bonds briefly increased by nearly 10 basis points approaching 4.60%, close to a seven-month high, while short-term bond yields fell, with the 2/10-year yield spread at its widest in two and a half years. The Bank of England held rates steady, but more officials supported a rate cut, leading to a decline in the British Pound. The Governor of the Bank of Japan suppressed interest rate hike expectations, causing the yen to fall towards 158, and the offshore renminbi briefly dropped below 7.32 yuan to its lowest in 15 months. Bitcoin fell by 5%, approaching $0.096 million. Spot Gold rose by 1.6% before narrowing back below $2,600, while the futures silver fell by 5%, and U.S. crude oil fell below $70.

wallstreetcnDec 19 18:26 ET