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U.S. hedge funds increased stakes in U.S.-listed Chinese ADRs in 3Q, with most purchases in JD.com (JD.US) and GDS Holdings (GDS.US), according to a report by Goldman Sachs, cited Reuters. U.S. hedge fund positions in Chinese ADRs rose to the highest level since the end of 2021.About 25% of U.S. long and short equity funds had l...
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Positive
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The HSI added 41 points or 0.2% to close at 19,705. The HSCEI inched up 6 points or 0.1% to close at 7,090. The HSTECH picked up 18 points or 0.4% to close at 4,413. The total market turnover for the day amounted to $114.671 billion.BABA-W (09988.HK) issued US$2.65 billion and RMB17 billion senior unsecured notes for debt repaym...
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GDS-SW (09698.HK) opened 14.8% lower at $19.48 today (20th), and once plummeted 21.2% to a low of $18, logging a nearly-2-month low. The stock last printed at $18.8, diving 17.7%, with 2.21 million shares traded, involving $41.3269 million.Total net revenue for 3Q24 was RMB2.966 billion, up 17.7% YoY. Net loss attributable to sh...
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Hong Kong stocks tumbled. The HSI closed down 270 points, or 1.3%, at 20,489. The HSCEI fell 119 points, or 1.6%, closing at 7,359. The HSTECH slipped 121 points, or 2.6%, to close at 4,483. The total market turnover for the day amounted to $165.249 billion.As for techs, TENCENT (00700.HK) slid 1.4% to $422, while BIDU-SW (09888...
Recommend
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Hong Kong stocks fell in the morning session. The HSI slid 205 points or 1% to 20,555 at midday. The HSCEI dropped 92 points or 1.2% to 7,385. The HSTECH shed 81 points or 1.8% to 4,523. Total half-day turnover for the market amounted to $95.14 billion.For techs, TENCENT (00700.HK) slipped 1.3% to $422.6, while BIDU-SW (09888.HK...
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