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Hong Kong Shares Open Higher; Alibaba Leads Gains -- Market Talk
[Hong Kong Stock Connect] Alibaba (09988) rose 4.73% at the beginning of the market, officially included in the Hong Kong Stock Connect today.
Jingwu Finance News | After Alibaba (09988) was included in the Hong Kong Stock Connect, the stock price rose at the beginning of the session. As of the filing, it has risen 4.73% to HKD 82, with a turnover of HKD 2.73 billion. On the news front, according to the announcements issued by the Shanghai Stock Exchange and the Shenzhen Stock Exchange, the company's common shares traded on the Hong Kong Stock Exchange have been included in the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect, effective from September 10, 2024. After the inclusion, qualified investors from mainland China will be able to trade Alibaba Group's common shares directly.
Hong Kong stocks surge| Alibaba-W (09988) rises over 4%. It officially joins the Hong Kong stock connect today. Ant Group Co., Ltd. will distribute dividends to all shareholders.
Alibaba-W (09988) is now up over 4%, as of press time, up 4.28%, at HKD 81.65, with a turnover of HKD 2.144 billion.
Express News | Alibaba Group Shares in Hong Kong Set to Open up 2.2% on Its First Day Joining Stock Connect
Alibaba Options Spot-On: On September 9th, 87,684 Contracts Were Traded, With 2.41 Million Open Interest
10 Consumer Discretionary Stocks Whale Activity In Today's Session
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Btan : This is only the beginning….
102559790 Btan : impressive volume. in 1 hour, the transacted volume of share alr exceeded that whole day yesterday. it says the interest is extremely high.
Detached House OP : Ok, get back to serious work. Admit the Chinese economy is still weak unless Xi is prepared to implement stimulus. So for now, I am trading cos the 20 wk is trending up. So when sign that the price closes below that, I will take the profit & go. My guess is will try to test gradually the psychological 100. If can break above, at best 120. For those who are patient enough, the longer term will be ok. But US growth for AI will be better than this. Now US side is still doing a weekly correction, so not time to but yet.