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0 0.000439077936333612 0.00482985729967067 0 0.00329308452250271 0.00197585071350157 -0.00417124039517025 -0.00307354555433591
Stock impact report

China Market Update: Yum China Earnings Results Were Finger Licking Good! [Forbes]

Yum China Holdings, Inc. (YUMC) 
Last yum china holdings, inc. earnings: 4/28 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.yumchina.com
Company Research Source: Forbes
Higher for longer and the possibility of no further US interest cuts in 2025 weighed on regional growth stocks, which was also worsened by US technology sector valuation fears. Hong Kong and Mainland China had another "revenge of the nerds" moment, as value stocks outperformed on light volumes and markets faded from morning gains in afternoon trading. Both Hong Kong and Mainland China indexes are working off overbought levels with the reative strength index (RSI) at +70 since late September. Lower expectations going into Q3 financial results is not such a bad thing, though. The significant Hong Kong IPO pipeline was a factor for growth stocks, as investors are selling current holdings to fund future holdings. Tencent gained +0.12% and Baidu gained +2.87%, both benefiting from anticipated AI announcements next week. This bucked the growth swoon as non-ferrous metals, healthcare, pharmaceuticals, autos, and technology hardware stocks were all lower. Banks, telecommunication, and en Show less Read more
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