Hong Kong stock movement | NEW ORIENTAL-S (09901) is currently down over 5%. Profit margins have fallen short of expectations for three consecutive quarters. HSBC states that the live-streaming e-commerce Business has hindered short-term growth prospects.

NEW ORIENTAL-S (09901) is down over 5%, as of the time of writing, it has dropped 5.12%, trading at 47.25 Hong Kong dollars, with a transaction volume of 0.207 billion Hong Kong dollars.

Zhitong Finance02:30 ET

China to Lift Fiscal Spending to Boost Economy

Dow JonesDec 12 06:57 ET

The NASDAQ broke through 0.02 million points for the first time, Tesla led a group of tech giants to a new high, and Bitcoin climbed to 0.1 million dollars

The Dow and Apple fell, the Nasdaq rose nearly 2%, Tesla and Google rose nearly 6%, while Meta, Amazon, and Netflix all reached new highs. NVIDIA rose over 3%, Broadcom rose nearly 7%, Super Micro Computer once dropped over 8%, the decline of Chinese concepts narrowed, and Fangdd Network turned to rise over 11%. The U.S. November CPI confirms interest rate cut bets for next week, with a pause on rate cuts expected in January next year. The dollar and U.S. Treasury yields rebounded in a V-shape, while spot Gold reached its highest level in five weeks. The yen plunged below 152, while the offshore yuan once dropped over 300 points, falling below 7.29 yuan. After a significant interest rate cut by the Bank of Canada, the Canadian dollar and Canadian bond yields turned to rise, and oil prices increased by about 2%.

wallstreetcnDec 11 18:27 ET

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

Moomoo News GlobalDec 11 05:38 ET

NEW ORIENTAL-S (09901.HK): Appointed Zhuge Yue as an independent Director.

On December 11, Gelonghui reported that NEW ORIENTAL-S (09901.HK) announced that Yang Zhuang has resigned from his position as an independent director of the company, effective December 16, 2024. Dr. Yang also resigned from his roles as a member of the Audit Committee, a member of the Compensation Committee, and Chairman of the Nomination and Corporate Governance Committee on the same day. The company also announced the appointment of Zhuge Yue as an independent director, effective December 16, 2024. Dr. Zhuge has also been appointed as a member of the Audit Committee, a member of the Compensation Committee, and Chairman of the Nomination and Corporate Governance Committee.

Gelonghui FinanceDec 11 04:16 ET

Express News | New Oriental Announces Changes in Board and Committee Composition

ReutersDec 11 04:00 ET