Hong Kong shares opened in the green on Friday, with the benchmark Hang Seng gaining 0.9% in morning trade orient themselves to Wall Street which experienced the long-awaited recovery the day before. shares of Alibaba and JD.com rose almost 1% meanwhile baidu Equities gained nearly 2%. meituan Shares fell about 3% in morning trade.
| share | movement |
|---|---|
| Alibaba group holding company GmbH. BABA | 1.05% |
| JD.com inc JD | 1.1% |
| Baidu Inc BIDU | 2.09% |
| Tencent Holdings GmbH. TCEHY | 0.6% |
| meituan MPNGF | -3.37% |
| Nio Inc NEVER | -0.06% |
| XPeng Inc XPEV | 1.73% |
| Li car inc LI | 2.48% |
Macro News: China’s video games regulator has granted publishing licenses for 44 foreign games for domestic release, further lifting the tough restrictions that have plagued the industry for 18 months, Reuters reported.
Also read: Gold IRA Kit
China has promised to increase its budget spending next year while optimizing policy tools such as the budget deficit and special debt. reported Bloomberg.
Company news: Li Auto expects to hit a new milestone in December deliveries with the company’s vice president of sales, Liu Jie saying it will deliver more than 20,000 units a month, reported CnEVPost.
Warren Buffett-supports BYD Co. BYDDF BYDDY has hiked the prices for its popular dolphin model when scrapping an entry-level version of the vehicle, reported Bloomberg.
Top winners and losers: meituan and Alibaba Health Information Technology Limited are the top losers among Hang Seng constituents after shedding over 3% and 2.5% in morning trade. China Life Insurance Company Limited and Hang Lung Properties Limited are the top gainers, up over 2% and 1.8% respectively.
Global News: US futures were trading lower in Asia on Friday morning. Dow Jones futures lost 0.06%, while Nasdaq futures fell 0.09%. S&P 500 futures traded 0.12% lower.
Elsewhere in Asia-Pacific, the Australian ASX 200 traded 0.46% higher. Japan’s Nikkei…
[ad_2]
Source story
