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The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
Singapore's First MINISO IP Collaboration Pop-Up Store Debuts at the Heart of the City, Unveiling Blind Box Wonders for the Holiday Season
[Hong Kong Stock Connect] MINISO (09896) rose by 5.36% and will launch its self-developed millet-related products next year. Institutions indicate that it has a wide space for store expansion both domestically and internationally.
Jinwu Finance | MINISO (09896) stock price surged, as of the time of this report, up 5.36%, priced at 48.1 HKD, with a transaction volume of 0.218 billion HKD. In terms of news, China Merchants pointed out that in the short term, the company's domestic operation is growing steadily and expanding rapidly overseas. In the long term, the consumer market is vast, and the company’s "1 China supply chain + Global IP + Global design + Global channel" "1+3" moat is solid. There is a bullish outlook on MINISO's steady domestic expansion and continuous high growth in overseas markets, along with the long-term growth brought by the ongoing incubation of TOPTOY. HAITONG SEC stated that MINISO, as a global comprehensive retail brand, has...
MINISO's stock rose over 5% in the morning session, with sales in the second quarter for the ACG (Anime, Comic, Game) category increasing by 50% quarter-on-quarter.
MINISO (09896) rose 5.03% in early trading, currently at 48 Hong Kong dollars, with a transaction volume of 0.2 billion Hong Kong dollars. MINISO previously released its third-quarter performance, with total revenue increasing by 19.3% year-on-year to 4.52 billion yuan, of which overseas revenue grew by 39.8% year-on-year to 1.81 billion yuan. The gross margin for the quarter was 44.9%, up 3.1% from the same period last year, reaching a record high.
Hong Kong stocks movement | MINISO (09896) rises over 5% again, Q3 sales in the two-dimensional category increase by 50% compared to the previous quarter, and the company's stake in Yonghui Superstores has been approved.
MINISO (09896) rose more than 5% again, as of the time of this report, it increased by 4.81%, priced at 47.9 Hong Kong dollars, with a transaction volume of 0.157 billion Hong Kong dollars.
China Central Economic Work Conference: A Key Indicator for Future Market Trends
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Mr Careful : it is not likely that Chinese companies will be keen to invest in US. see what happens to tic tok first.