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SPDB International HK Starts NetEase Cloud Music at Buy With HK$145 Price Target
Hong Kong stock movement | NetEase Cloud Music (09899) rose nearly 6% in the morning, continuously expanding its copyright library and optimizing the experience. Institutions are Bullish on the company's potential for revenue and profit growth.
NetEase Cloud Music (09899) rose nearly 6% in the morning session, as of the time of writing, it is up 4.52%, reported at 122.5 Hong Kong dollars, with a turnover of 14.3218 million Hong Kong dollars.
Before the Federal Reserve's decision, the rally of U.S. stocks faltered, the Nasdaq said goodbye to record highs, the Dow fell for nine consecutive days, Broadcom dropped over 4%, Chinese concept stocks rebounded against the trend, and Bitcoin reached a
The Dow Jones has seen its first nine consecutive declines since 1978; NVIDIA has seen four consecutive declines, while Tesla has risen over 3% against the trend, hitting new highs for three consecutive days. Chinese concept stocks rebounded nearly 2%, with PDD Holdings rising nearly 3% and Bilibili increasing over 4%. Salaries in the United Kingdom have grown faster than expected, with two-year UK bond yields rising 10 basis points in one day. The USD has rebounded; the Canadian dollar has hit a more than four-year low since the pandemic; Bitcoin surged over $0.108 million during trading, hitting a new historical high for two consecutive days. Crude Oil Product has fallen for two consecutive days, with US oil dropping more than 2% at one point; Gold has hit a new low for the week.
Shares of US-listed Chinese Stocks Are Trading Lower Due to Stimulus Concerns and Disappointing Economic Data. The Biden Administration Plans to Raise Tariffs on Solar Wafers, Polysilicon and Some Tungsten Products.
WayneTheBoon : I’ve been saying this for years that Nio is not primary listed in HK so it’s doesn’t get investments from the mainland, but no one listens