June Caixin PMI Beats Expectations, Week In Review [Forbes]
XPeng Inc. American depositary shares, each representing two Class A ordinary shares (XPEV)
Company Research
Source: Forbes
China Last NightKraneSharesWeek in ReviewKey NewsSoutheast Asian equities managed small gains while northern Asia was off as Taiwan fell -3.26%.Taiwan’s weakness comes as semiconductors continue to see pain. Taiwan Semiconductor fell -4.73% on very high volume. Just as semiconductor demand begins to fall and the latest cycle peaks, Congress is preparing to give over $50 billion to US semiconductor companies.For the week Hong Kong, Mainland China, and Malaysia were the only equity markets to post positive results. Hong Kong was closed today for the 25It was a quiet night overall other than the release of the June Caixin purchasing managers’ index (PMI). The PMI came in at 51.7 versus expectations of 50.2 and May’s 48.1, led by output as new orders are rising. PMIs are diffusion indexes and readings above 50 indicate expansion while readings below 50 indicate contraction. The Caixin PMI is called the “private PMI” as the survey is performed by IHS Markit, which recently merged with S&P
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XPEV
Earnings
- 11/15/23 - Beat
XPEV
Sec Filings
- 4/19/24 - Form 6-K
- 4/17/24 - Form 6-K
- 4/17/24 - Form 6-K
- XPEV's page on the SEC website