HSI Opens Down 155 pts; BABA-W Slips 2%; SHIMAO GROUP Opens Down 10% on Winding-up Petition
Meituan slips to one-month low as Hong Kong tech sector weakens
Zhipu 'Niulai' validates large-scale rollout of China-made compute; BIDU set to complete dual-primary listing, shares rally｜Daily News Recap
Hong Kong Stocks Close Lower: Hang Seng Dips 0.34% as Innovative Drugs & Semiconductors Buck Trend; Mixue Ice Cream Tumbles Over 8%
Meituan declines 1% to near one-month low in mixed Hong Kong session
Hong Kong Midday: Hang Seng Gives Up Early Gains; AI Stocks Surge on Nvidia, Zhipu Catalysts; Hansoh Pharma Soars 13%
Today’s a huge earnings day for three major Chinese players: BYD, Miniso, and Meituan!
Anyone keeping a close watch on these results? 👀
One stock added $442 billion and ten of eleven sectors still closed red. Tonight a brand new Fed chair speaks, and Singapore's factory data quietly says the AI trade is real.
Aug 27 | Dolphin Research watchlist: 🐬 Macro/Industry 1) U.S. Jul PCE +3.7% YoY; core PCE +3.3% YoY. Both were in line with expectations.
Real personal consumption expenditures were nearly flat MoM after inflation, signaling a clear cooldown from earlier strength. Inflation remains well above the Fed's 2% target.With sticky inflation and signs of softer consumption, policy choices have become tougher for the Fed. After the print, UST yields ticked higher while U.S. equities traded choppy under pressure.The market now looks to commentary out of Jackson Hole from Fed officials. Guidance there could shape the path of rates ahead...0811 Dolphin Focus: 🐬 Macro/Industry 1. Douyin Life Services made Doubao an exclusive hospitality & travel transaction channel effective 00:00 on Aug 10. Hotel orders incur an 11.4% software service fee plus a 0.6% payment processing fee, for a 12% all-in take rate. Previously, Doubao traffic was categorized under Douyin’s organic channel with an 8% blended rate.
Doubao stated there are no paid hotel ads or paid ranking mechanisms, and merchants cannot pay to influence recommendation order.The channel leverages AI search to drive incremental traffic. We will monitor whether the added order volume offsets merchants’ higher channel costs...
