China Market Update: BABA Blues? Don’t Buy The News [Forbes]
CHINA CONSTR BK UNSP/ADR (CICHY)
NASDAQ:AMEX Investor Relations:
ccb.com/en/newinvestor/index.html
Company Research
Source: Forbes
Key News Asian equities were higher across the board except for Japan, which was celebrating National Foundation Day, and Thailand, which was down. Hong Kong was the best regional performer as index heavyweights powered the index higher. The reality that the coronavirus epidemic is losing steam is resonating with investors. Overnight, several Chinese agencies were pushing for people to head back to work. MSCI’s pro forma for the month-end rebalance will be released tomorrow. Alibaba’s earnings will be released pre-market Thursday. The big “news” overnight was a Bloomberg article arguing that Alibaba’s Hong Kong listing (9988 HK) would not become eligible for Southbound Connect. The stock plunged -2.54% on the news though quickly rebounded to close off -0.19% as the “news” was nothing new and there were doubts as to its credibility. The article referenced “unidentified sources” who didn’t want to be named. Alibaba was added to the Hang Seng Composite while similar companies Xiaomi and
Show less
Read more
Impact Snapshot
Event Time:
CICHY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CICHY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CICHY alerts
High impacting CHINA CONSTR BK UNSP/ADR news events
Weekly update
A roundup of the hottest topics
CICHY
News
- Hong Kong allows China's digital yuan to be used in local shops [Yahoo! Finance]Yahoo! Finance
- Florida is now one of the few states divesting from Chinese-owned companies [Yahoo! Finance]Yahoo! Finance
- Three High Yield Dividend Stocks In Hong Kong Offering Up To 8.4% [Yahoo! Finance]Yahoo! Finance
- SWFI's Global Wealth Conference 2024 Commences with Exclusive Lunch Hosted by Sir Brandon Lewis CBE MP at UK Parliament [Yahoo! Finance]Yahoo! Finance
- China Megabanks Kick Off $8.3 Billion Loss-Absorbing Bond Sales [Yahoo! Finance]Yahoo! Finance