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  ·2022-12-05
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  Alibaba Up 5%, Nio Surges 13%: Hang Seng Jumps As China Dials Down Zero-COVID Controls
  KEY POINTSStocks of Alibaba Group Holding Ltd rose over 5%.EV stocks soared with Xpeng shares rising
  Alibaba Up 5%, Nio Surges 13%: Hang Seng Jumps As China Dials Down Zero-COVID Controls
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tg-width=\"1000\" tg-height=\"563\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Hong Kong stocks soared on Monday morning, with the benchmark Hang Seng index rising over 3%, as China relieved some of its COVID-19 restrictions, easing testing rules in some cities.</p><p><img src=\"https://static.tigerbbs.com/0f7acbb1c71d8b6ff1a55223564f58f1\" tg-width=\"249\" tg-height=\"350\" width=\"100%\" height=\"auto\"/>Stocks of <b>Alibaba Group Holding Ltd</b> rose over 5%. EV stocks soared with <b>Xpeng</b> shares rising over 23% in morning trade while <b>Li Auto</b> gained over 11%. <b>Nio</b> rose over 13%.</p><p><b>Macro News:</b> China’s offshore yuan rose past the key level of 7-per-dollar level for the first time since September, as authorities start focussing on reopening the economy,reportedBloomberg.</p><p><b>Company News</b>: <b>China Evergrande Group’s</b> electric vehicle unit has suspended mass production of its only model owing to a lack of new orders,reported Reuters citing sources.</p><p><b>Volkswagen Group</b> is facing complaints in China owing to on-board system failures in ID series EVs, reported CnEVPost.</p><p><b>Top Gainers and Losers:</b> <b>Alibaba Health Information Technology Limited</b> and <b>Xiaomi Corporation</b> are the top gainers among Hang Seng constituents, having risen over 19% and 9%, respectively. <b>Lenovo Group Limited</b> and <b>China Resources Land Limited</b> were the top losers, having shed 1.11% and 1.6%, respectively.</p><p><b>Global News:</b> U.S. futures traded in the red on Friday morning Asia session. The Dow Jones futures declined 0.05% while the Nasdaq futures lost 0.13%. The S&amp;P 500 futures were trading lower by 0.12%.</p><p>Elsewhere in Asia-Pacific, Australia’s ASX 200 was up 0.61%. Japan’s Nikkei 225 traded 0.02% higher while China’s Shanghai Composite index rose 1.48%. South Korea’s Kospi fell 0.45%.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Up 5%, Nio Surges 13%: Hang Seng Jumps As China Dials Down Zero-COVID Controls</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Up 5%, Nio Surges 13%: Hang Seng Jumps As China Dials Down Zero-COVID Controls\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2022-12-05 11:34</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><h2>KEY POINTS</h2><ul><li>Stocks of Alibaba Group Holding Ltd rose over 5%.</li><li>EV stocks soared with Xpeng shares rising over 19% in morning trade while Li Auto gained over 10%.</li></ul><p><img src=\"https://static.tigerbbs.com/1996bd742eb55b635aca526556783862\" tg-width=\"1000\" tg-height=\"563\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Hong Kong stocks soared on Monday morning, with the benchmark Hang Seng index rising over 3%, as China relieved some of its COVID-19 restrictions, easing testing rules in some cities.</p><p><img src=\"https://static.tigerbbs.com/0f7acbb1c71d8b6ff1a55223564f58f1\" tg-width=\"249\" tg-height=\"350\" width=\"100%\" height=\"auto\"/>Stocks of <b>Alibaba Group Holding Ltd</b> rose over 5%. EV stocks soared with <b>Xpeng</b> shares rising over 23% in morning trade while <b>Li Auto</b> gained over 11%. <b>Nio</b> rose over 13%.</p><p><b>Macro News:</b> China’s offshore yuan rose past the key level of 7-per-dollar level for the first time since September, as authorities start focussing on reopening the economy,reportedBloomberg.</p><p><b>Company News</b>: <b>China Evergrande Group’s</b> electric vehicle unit has suspended mass production of its only model owing to a lack of new orders,reported Reuters citing sources.</p><p><b>Volkswagen Group</b> is facing complaints in China owing to on-board system failures in ID series EVs, reported CnEVPost.</p><p><b>Top Gainers and Losers:</b> <b>Alibaba Health Information Technology Limited</b> and <b>Xiaomi Corporation</b> are the top gainers among Hang Seng constituents, having risen over 19% and 9%, respectively. <b>Lenovo Group Limited</b> and <b>China Resources Land Limited</b> were the top losers, having shed 1.11% and 1.6%, respectively.</p><p><b>Global News:</b> U.S. futures traded in the red on Friday morning Asia session. The Dow Jones futures declined 0.05% while the Nasdaq futures lost 0.13%. The S&amp;P 500 futures were trading lower by 0.12%.</p><p>Elsewhere in Asia-Pacific, Australia’s ASX 200 was up 0.61%. Japan’s Nikkei 225 traded 0.02% higher while China’s Shanghai Composite index rose 1.48%. South Korea’s Kospi fell 0.45%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09866":"蔚来-SW","NIO":"蔚来","09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181135976","content_text":"KEY POINTSStocks of Alibaba Group Holding Ltd rose over 5%.EV stocks soared with Xpeng shares rising over 19% in morning trade while Li Auto gained over 10%.Hong Kong stocks soared on Monday morning, with the benchmark Hang Seng index rising over 3%, as China relieved some of its COVID-19 restrictions, easing testing rules in some cities.Stocks of Alibaba Group Holding Ltd rose over 5%. EV stocks soared with Xpeng shares rising over 23% in morning trade while Li Auto gained over 11%. Nio rose over 13%.Macro News: China’s offshore yuan rose past the key level of 7-per-dollar level for the first time since September, as authorities start focussing on reopening the economy,reportedBloomberg.Company News: China Evergrande Group’s electric vehicle unit has suspended mass production of its only model owing to a lack of new orders,reported Reuters citing sources.Volkswagen Group is facing complaints in China owing to on-board system failures in ID series EVs, reported CnEVPost.Top Gainers and Losers: Alibaba Health Information Technology Limited and Xiaomi Corporation are the top gainers among Hang Seng constituents, having risen over 19% and 9%, respectively. Lenovo Group Limited and China Resources Land Limited were the top losers, having shed 1.11% and 1.6%, respectively.Global News: U.S. futures traded in the red on Friday morning Asia session. The Dow Jones futures declined 0.05% while the Nasdaq futures lost 0.13%. The S&P 500 futures were trading lower by 0.12%.Elsewhere in Asia-Pacific, Australia’s ASX 200 was up 0.61%. Japan’s Nikkei 225 traded 0.02% higher while China’s Shanghai Composite index rose 1.48%. South Korea’s Kospi fell 0.45%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":356,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}