HK Midday: Hang Seng Tumbles 2% as Alibaba's Record HK$80 Bln Placement Hammers Techs; Gold, Oil Stocks Shine
Hong Kong stock movement: Alibaba falls nearly 10%: HKD 80 billion placement at an 8% discount, Burry's liquidation intensifies valuation concerns
Alibaba tumbles 9% on record HK$79.7B share placement
The Week Ahead: PDD and XPeng Open US Earnings; Nvidia and July PCE Test the AI Trade
BABA stock faces uncertainty post-earnings, trading at $116.23. Will it rebound to $121 or drop to $113 amid China e-commerce challenges?
Jefferies Reaffirms Their Buy Rating on Alibaba Group Holding Ltd. (9988)
Another exciting daily market talk!
US-Canada trade talks collapsed Friday, and new 50% tariffs on roughly $20B of Canadian goods took effect over the weekend, with Ottawa vowing to match them dollar-for-dollar; another round looms Tues...
Alibaba’s share placement was oversubscribed by sovereign wealth funds. I suspect Temasek or GIC could be among the investors! 🤔😆
But interestingly, Michael Burry isn’t on board.
He sold his entire Alibaba position and bought JD.com instead 😉. What do you think ? Was that a smart move?
This week is a huge. Jackson Hole Symposium will likely bring much more needed clarity on Fed rate policy. I expect volatility! 😆😆😆
I also watch Nvidia closely. Its performance could push the S&P 500 and Nasdaq to fresh all-time highs! 📈🚀
US-Canada trade talks collapsed Friday, and new 50% tariffs on roughly $20B of Canadian goods took effect over the weekend, with Ottawa vowing to match them dollar-for-dollar; another round looms Tues...
US-Canada trade talks collapsed Friday, and new 50% tariffs on roughly $20B of Canadian goods took effect over the weekend, with Ottawa vowing to match them dollar-for-dollar; another round looms Tues...
