Alibaba Up 2%, Nio Down 4%: Hong Kong Stocks Mixed as Investors Brace for Fed Minutes, JOLTS Data

Hong Kong stocks opened mixed on Wednesday, with the benchmark Hang Seng gaining over 1%, as investors and traders braced for the release of the minutes of the Federal Reserve meeting. Market participants are also awaiting the Job Openings and Labor Turnover Survey data from the U.S.

Benzinga Real-time NewsJan 3, 2023 21:43 ET

Alibaba, Nio Slip: Hang Seng Marks Weak Start to 2023 After Gloomy China Factory Activity Data

Hong Kong stocks opened mixed on the first trading day of 2023, with the benchmark Hang Seng losing 0.36% in morning trade. The market seems to be taking into account the fact that China's factory activity narrowed at a faster pace in December dragged by rising COVID-19 infections.

Benzinga Real-time NewsJan 2, 2023 22:16 ET

Alibaba, Nio Down Nearly 1%: Hang Seng Mirrors Wall Street Weakness Amid Red-Hot Japan Inflation

Hong Kong stocks opened in the red on Friday, with the benchmark Hang Seng losing 0.39%, after U.S. markets witnessed a sell-off overnight as worries of a recession reduced hopes for a "Santa Claus" rally. Japan's core consumer inflation hit a 40-year high, with the November core CPI rising 3.7% year-over-year, dampening sentiment further.

Benzinga Real-time NewsDec 22, 2022 21:54 ET

Alibaba, Nio Soar: Hang Seng Jumps Over 2% as Wall Street Cheers Upbeat Consumer Confidence Reading

Hong Kong stocks soared in early morning trade on Thursday, with the benchmark Hang Seng rising over 2%, as investors and traders cheered U.S. consumer confidence data surging to an eight-month high in December following a drop in inflation and the labor market remaining strong. Twelve-month inflation expectations, too, fell to their lowest level since Sept. 2021, at 6.7%.

Benzinga Real-time NewsDec 21, 2022 21:47 ET

Alibaba, Nio Rise: Hang Seng Rises On Wall Street Cues, City Chief John Lee Gears Up for Beijing Visit

Hong Kong shares opened in the green on Wednesday, with the benchmark Hang Seng trading 0.3% higher. The city's Chief Executive John Lee is set to travel to Beijing from Dec. 21 to Dec. 24 as part of his annual visit to brief state leaders on Hong Kong's economic, social and political situation.

Benzinga Real-time NewsDec 20, 2022 21:48 ET

Alibaba, Nio Drop Over 2%: Hang Seng Opens Weaker as Wall Street 'Santa Claus' Rally Remains Elusive

Hong Kong stocks opened in the red on Tuesday morning with the benchmark Hang Seng losing 0.93% in morning trade as mounting fears of a recession are overshadowing hopes of a "Santa Claus" rally, generally seen during the end of the year. EV peers fell with Nio and Xpeng declining over 5% in morning trade. Alibaba and Tencent shares lost close to 2%.

Benzinga Real-time NewsDec 19, 2022 21:48 ET