The Week Ahead: PDD and XPeng Open US Earnings; Nvidia and July PCE Test the AI Trade
The Week·- PDD Holdings and other Chinese stocks release financial reports this week, while Alibaba plans to raise 80 billion HKD exclusively for artificial intelligence investments. - Hong Kong stocks incorporate artificial intelligence industry chain shares in the index quarterly review, and Ping An reports a mid-year net profit of 92.585 billion RMB. - The United States real estate data and the Jackson Hole central bank annual meeting approach amid ongoing automotive recall and international tariff regulatory risks.HSI Opens Down 84Pts; BIDU-SW Up 1% Ahead of Results; XIAOMI-W Down 1%+
AASTOCKS News·- Hong Kong stocks opened lower on August 18, with the HSI dropping 84 points or 0.33 % to 25,368 following overnight US stock declines driven by Middle East tensions and rising oil prices. - Major technology stocks softened broadly, while BIDU-SW rose 1 % and XIAOMI-W fell 1.47 % ahead of their quarterly results announcements today. - Blue chip performances varied, with AIA sinking 1.43 % and CNOOC gaining 1 %, while GEELY AUTO dipped 0.21 % following a major management reshuffle.HSI Opens Up 61 Pts, as BABA-W Up 2%, MINIMAX-W Up 4%+
AASTOCKS News·- The HSI opened higher at 25,998 points, rising 61 points or 0.24% amid mixed global market cues. - Major tech stocks showed varied performances, with BABA-W gaining 2.13% and MINIMAX-W soaring over 4%. - Spot gold rebounded above USD 4,400 per ounce, driving gains across gold mining and jewelry stocks.