HK stocks morning review: the three major indexes opened slightly higher, bullish policies boosted electric power stocks and U-Presid China fell by 2.8%.
Last week, Hong Kong stocks rebounded after falling, and the Hang Seng Index returned above the 17,000 mark. Today, the three major indexes opened slightly higher, with the Hang Seng Index up 0.07%, the CSI up 0.13%, and the Hang Seng Tech Index up 0.04%.
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.
What's Going On With NetEase (NTES) Stock?
Furui: Monthly game approvals in mainland China have entered the right track. Tencent is the preferred industry leader (00700).
Furui rates Tencent, XD Inc, and Netease as 'buy', with Tencent as the top pick.
Netease-S (09999.HK) will hold a board of directors meeting on August 21 to approve the second quarter performance.
Netease-S (09999.HK) announced on August 5th that the board of directors will hold a meeting on August 21st, 2024, approving the unaudited performance and announcement of the second quarter and first half of 2024 ending on June 30th, 2024, as well as distributing the proposal of quarterly dividend.
NetEase to Report Second Quarter 2024 Financial Results on August 22
