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Shares of Chinese companies listed in the United States make gains in Hong Kong this Friday morning, on a day that saw rallies up to 5% in prominent technology names such as Alibaba Holding Group (NYSE: BABA), JD.com Inc (NASDAQ: JD), Tencent Holdings (OTC: TCEHY) y Baidu Inc (NASDAQ: START).
When it comes to electric car stocks, Nic Inc (NYSE: NIO), Li Auto (NASDAQ: LI) y Xpeng Inc (NYSE: XPEV) up as much as 8%.
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| Actions | Movement (+/-) |
|---|---|
| Ali Baba | 12.58% |
| JD.Com | 4.86% |
| Tencent | 2.21% |
| Baidu | 13.66% |
| Nio | 8.37% |
| Li Auto | 7.18% |
| Xpeng | 4.19% |
Shares of these Chinese companies ended higher in U.S. markets Thursday.
Summary of global markets
At the time of publication of this article, the índice Hang Seng it increased by almost 3% following positive signals from global markets.
US indices also ended higher overnight, and the Nasdaq Composite Index it was up 2.68% by the end of the trading day.
On the other hand, the ASX 200 Australia traded 0.85% higher, and the Nikkei 225 Japan and the Shanghai Stock Exchange Composite Index (SSE) advanced 0.63% and 0.42%, respectively.
Macro Factors
According to state media Chinese, prime minister of the country, Li Keqiang, a rare national teleconference meeting was held to boost Covid’s battered economy. More than 100,000 government officials took part in the meeting.
Companies were in the news
Ali Baba reported a better-than-expected fourth quarter as revenue rose 9% to $ 32.19 billion, surpassing analysts’ average estimate of $ 29.94 billion.
Baidu also reported Better-than-expected quarterly results, including revenue growth of 1% to $ 4.48 billion, higher than analysts’ consensus of $ 4.18 billion.
On Thursday, the CEO of electric vehicle manufacturer Xpeng used a Pokémon psyduck toy express his frustration at the current chip shortage.
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