Asia Markets Trade Mixed on Hawkish RBA Minutes, Japanese Yen Strengthens on Intervention Fears
Asia Markets Mixed, BOJ's Ueda Offers Few Rate Hints; Eyes on LPR Decision and Nvidia Results
Goldman Sachs Sees More China Tariffs in Early 2025 With Trump Set to Return
China's Retail Turnover Rise to Eight-month High in Oct; Jobless Rate Fell to Four-month Low
How much gold has zijin mining group's guoge mine really been "plundered"? The issue of illegal mining may be difficult to resolve in the short term.
1. Over 3 tons of gold were robbed overseas, the 'suspicions' have not been completely clarified; 2. The illegal mining problem in the La Llanada gold mine in Colombia may be difficult to solve in the short term; 3. Nearly half of zijin mining group's assets are overseas, with a majority located in underdeveloped regions with weak political and economic stability.
Reports suggest that the Trump team plans to cancel the $7,500 tax credit for electric autos, leading to a sharp drop in electric car stocks.
The Trump team is considering canceling the $7,500 electric vehicle subsidy policy to fund its tax reduction plan. This policy is one of the measures adopted by the Biden administration to combat inflation. Trump supporters and the oil industry hope to cancel electric vehicle tax incentives, while the auto industry groups are calling for retention. Musk believes that canceling the subsidy policy will not have a significant impact on Tesla, but will rather cause more trouble for competitors. Electric vehicle stocks plummet, with Tesla down 5.77% and "Tesla rival" Rivian down 14.3%.
Asia Markets Mixed, Mirroring Global Market Sentiments as Investors Assess Latest U.S. CPI Figures
Ningde Zeng Yuqun: Musk does not understand batteries, the "zero carbon" power grid will be ten times larger than the electric vehicle battery business.
Musk's bet on cylindrical batteries (i.e., 4680) "will fail and will never succeed." "We had a very intense debate. He (Musk) was silent because he did not know how to manufacture the battery. This is about electrochemistry, and he is good at chips, software, hardware, and machinery."
Asia-Pacific Markets Trade in Red, Tracking Losses on Wall Street; U.S. Inflation Data in Focus
The biggest dark horse of the car circle was born this year.
Charge towards the giants.
Asia Markets Fall Amid Strong U.S. Dollar as "Trump Trades" Continue to Drive Financial Markets
China Stimulus Trade to Pick up in Stocks by Late-Nov, JPM Says
kweichow moutai's mid-term dividend is 30 billion yuan. The earliest buyback can be initiated on the 28th of this month. | Quick announcement.
1. Kweichow Moutai plans to distribute a mid-term dividend of 23.882 yuan per share (including tax), with a total cash payment of 30 billion yuan, which meets expectations; 2. In the afternoon of the 27th of this month, Kweichow Moutai will convene a shareholder meeting to deliberate on the repurchase matters, and it is expected to smoothly obtain shareholder approval, meaning that the company can start the repurchase process as early as the next day; 3. Recently, several brokerages have lowered their expectations for Kweichow Moutai's performance growth in 2025, generally expecting around 10%-11%.
byd company limited firmly holds the iron throne
Intensifying competition.
Zijin Mining Group plans to invest over ten billion yuan to develop another overseas mine, with an expected annual production of 0.1 million tons of copper and 3.8 tons of gold. | Speed reading announcement
①Zijin Mining Group once again took a major overseas copper-gold mine with an investment of over 10 billion yuan; ②It is expected to produce 0.1 million tons of copper and 3.8 tons of gold per year.
China's Trade Data for October Shows a Jump in Exports
Byd company limited's financial insurance performance report for the first three quarters: average vehicle premium has dropped to 4700 yuan, single-quarter premium surged by nearly 0.5 billion but still difficult to make profit.
①BYD Company Limited's insurance business achieved insurance business revenue of 0.478 billion yuan in the third quarter, a staggering increase of 611.09% compared to the previous quarter; ②In the third quarter, BYD Company Limited's insurance business incurred a net loss of 0.106 billion yuan, a shift from profit to loss compared to the second quarter; ③In the first three quarters of 2024, BYD Company Limited's average vehicle insurance premium reached 4700 yuan, a decrease of 200 yuan compared to the previous period.
China's New Stock Accounts Hit Nine-Year High as Market Booms
Is there another 'wolf' entering the car insurance market? Following BYD Property Insurance, this Japanese-funded property insurance company has also been approved to enter the market, with shareholders including Toyota Motor behind the group.
①AI and Friese Day Same Wealth Insurance (China) Limited has been approved to change its business scope. The main newly added business scope is motor vehicle insurance, including compulsory motor vehicle traffic accident liability insurance and commercial motor vehicle insurance. ②AI and Friese Day Same Wealth Insurance (China) Limited is a core enterprise of the MS&AD Insurance Group. And Toyota Motor is one of the main shareholders of the MS&AD Insurance Group.
Asian Indexes Mostly Higher Ahead of U.S. Election Day