The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
Singapore's First MINISO IP Collaboration Pop-Up Store Debuts at the Heart of the City, Unveiling Blind Box Wonders for the Holiday Season
MINISO's stock rose over 5% in the morning session, with sales in the second quarter for the ACG (Anime, Comic, Game) category increasing by 50% quarter-on-quarter.
MINISO (09896) rose 5.03% in early trading, currently at 48 Hong Kong dollars, with a transaction volume of 0.2 billion Hong Kong dollars. MINISO previously released its third-quarter performance, with total revenue increasing by 19.3% year-on-year to 4.52 billion yuan, of which overseas revenue grew by 39.8% year-on-year to 1.81 billion yuan. The gross margin for the quarter was 44.9%, up 3.1% from the same period last year, reaching a record high.
Hong Kong stocks movement | MINISO (09896) rises over 5% again, Q3 sales in the two-dimensional category increase by 50% compared to the previous quarter, and the company's stake in Yonghui Superstores has been approved.
MINISO (09896) rose more than 5% again, as of the time of this report, it increased by 4.81%, priced at 47.9 Hong Kong dollars, with a transaction volume of 0.157 billion Hong Kong dollars.
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Mr Careful : it is not likely that Chinese companies will be keen to invest in US. see what happens to tic tok first.