U.S. Listed Chinese Stocks Tumble On Concerns About Xi's Third Term
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Bank of America Remains Positive on Xpeng (XPEV) Following Technology Day
October 25, 2022 8:01 AM EDTBank of America reiterated a Buy rating and $31.00 price target on XPeng (NYSE: XPEV) following the electric vehicle companys Technology Day where the company gave more details on its XNGP assisted driving program.
XPeng has made its City NGP gradually available to P5 users... More
Deutsche Bank Unsurprised Following Tesla (TSLA) Price Cuts
October 25, 2022 7:21 AM EDTShares of Tesla (NASDAQ: TSLA) are down 0.73% in pre-market trading on Tuesday after price cuts saw the electric vehicle stock close at 211.25 on Monday, down 1.49%. Chinese electric vehicle stocks followed suit with declines averaging 15% compared to the NASDAQs +1%. Deutsche Bank attributes this weakness to negative surprise around the new Chinese leadership selection, lack of updates surrounding COVID zero policies, and concerns following Teslas price cuts.
Tesla lowered the domestic China price for their Model 3 and Model Y by around 5% on Monday. The cuts were not unexpected and should not come... More
JD.com (JD) option implied increases as shares sell off 20%
October 24, 2022 10:28 AM EDTJD.com (NASDAQ: JD) 30-day option implied is at 83; compared to its 52-week range of 42 to 96 after Chinas Xi expands power as head of Chinas ruling power. Call put ratio 1.7 calls to 1 put as shares sell off 20%.
... MoreKraneShares CSI China Internet ETF (KWEB) Tests Low, Down 16.3% Amid Ongoing Rout in China Stocks
October 24, 2022 9:53 AM EDTKraneShares CSI China Internet ETF (NYSE: KWEB) Tests Low, Down 16.3% Amid Ongoing Rout in China Stocks
Tesla, Meta Platforms, Alibaba Fall Premarket; Walmart, WeWork Rise
October 24, 2022 8:38 AM EDTBy Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Monday, October 24th. Please refresh for updates.
Tesla (NASDAQ: TSLA) stock fell 2.2% after the electric car manufacturer cut starter prices for its Model 3 and Model Y cars by as much as 9% in China,... More
China ADRs tumble as Xi's new team sparks worries over economy's path
October 24, 2022 5:59 AM EDTBy Medha Singh
(Reuters) -U.S.-listed shares of Chinese companies slumped on Monday after President Xi Jinping's new leadership team sparked investor concerns that ideology-driven policies would be prioritized at the cost of private sector growth.
Ecommerce giants Alibaba, JD.com as well as internet behemoth Baidu crashed between 14% and 17%, even as the benchmark S&P 500 edged higher.
The iShares MSCI China ETF tanked 10%, tracking its steepest one-day drop ever.
"The concern... More
JD.com (JD) option IV into China’s Xi expands power as head of China’s ruling power
October 24, 2022 5:19 AM EDTJD.com (NASDAQ: JD) 30-day option implied is at 71; compared to its 52-week range of 42 to 96 into Chinas Xi expands power as head of Chinas ruling power.
... More