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Express News | New Oriental Education & Technology Group Inc : CFRA Cuts Target Price to $81 From $90
S&P rises over 2%, the best in nearly two years, with chip stocks up about 7%, Nasdaq and Chinese stocks up 2.8%, and US Treasury yields and the yen falling for three consecutive days.
The latest employment data alleviates concerns over the US economy, and US stocks rose more than 1.7%. Nvidia's stock rose more than 6%, and Tesla, Alibaba, PDD Holdings, and Tencent ADR rose more than 3%. Bullish on weight loss drug reports, Eli Lilly and Co's stock rose more than 13%, and Novo-Nordisk A/S's US stock rose nearly 8%. The 10-year US Treasury yield rose above 4%, and short-term bond yields rose by 10 basis points. Oil prices rose for the third consecutive day, gold halted its five-day decline, and digital currency had a big increase.
HKEX Movement | New Oriental-S (09901) fell by more than 7%. Morgan Stanley is cautious about its execution ability in the share buyback plan. Short-term profit margin affected by Eastbuy.
New Oriental-S (09901) fell more than 7%. As of press time, it fell 6.18%, to HKD 52.35, with a turnover of HKD 0.197 billion.
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Unusual movement: East Buy rose more than 6%, New Oriental completed stock withdrawal with Huitongxing, and the company is expected to build a brand new valuation system.
East Buy (01797) rose more than 6%, and as of press time, it rose 6.45%, to HKD 12.88, with a turnover of 0.114 billion Hong Kong dollars.