China Central Economic Work Conference: A Key Indicator for Future Market Trends

Moomoo News GlobalDec 11, 2024 05:38 ET

Tonight, Chinese concepts soared! The nasdaq Golden Dragon index surged by 10%, while fangdd network doubled directly.

Some analysis indicates that the Political Bureau meeting first mentioned stabilizing the stock and real estate markets, and the US stock market quickly rallied on china assets. The 3x Long FTSE china etf surged over 26%, the 2x Long china internet plus-related stocks rose over 22%, the 2x Long FTSE china 50 ETF increased over 17%, and the 2x Long 300etf gained nearly 15%.

wallstreetcnDec 9, 2024 11:06 ET

China Will Adopt a "Moderately Accommodative" Monetary Policy in the Next Year, The First Shift to Easing Since 2011

Moomoo News GlobalDec 9, 2024 07:23 ET

Goldman Sachs: Maintains "buy" rating on Xpeng Motors-W with a target price of 46 Hong Kong dollars.

Goldman Sachs released a research report stating that it maintains a "buy" rating for Xpeng Motors-W (09868) with a target price of HKD 46. Looking ahead, Goldman Sachs expressed confidence that investors will focus on Xpeng Motors' MONAM03 and P7+ orders and capacity enhancement progress, the new model production lines and output outlook for 2025, and the potential timing for reaching breakeven. The report noted that Xpeng Motors' gross margin in the third quarter of this year exceeded market expectations, recording a gross margin of 15.3%. Goldman Sachs believes that the improvement in gross margin is mainly due to higher production scale reducing fixed costs per vehicle, as well as further income from Volkswagen's technical services.

Sina Hong Kong Stock.Nov 20, 2024 03:11 ET

SoftBank's second quarter net income reached approximately $7.7 billion, far exceeding market expectations.

Softbank Group announced on Tuesday that it achieved quarterly profit in the second fiscal quarter ending in September, benefiting from a series of successful IPOs of Indian companies it invested in, and the rebound in technology stock valuations boosted the Vision Fund's investment portfolio. The company's net income for the second fiscal quarter was 1.18 trillion yen (approximately $7.7 billion), compared to a net loss of 931 billion yen in the same period last year. This performance far exceeded the average analyst expectation of 295 billion yen. Softbank's Vision Fund reported that strong performance in initial public offerings of Indian startups, as well as investments in Coupang and Didi, contributed to this success.

Global market broadcastNov 12, 2024 02:18 ET

Express News | U.S.-Listed Shares of Chinese Firms Drop Premarket on Worries Over Growing U.S.-China Trade Tensions Under Trump Presidency

ReutersNov 6, 2024 04:27 ET