China Market Update: Hong Kong Shrugs Off Pessimism, Global Overweight Trades Crushed [Forbes]
CHINA CONSTR BK UNSP/ADR (CICHY)
NASDAQ:AMEX Investor Relations:
ccb.com/en/newinvestor/index.html
Company Research
Source: Forbes
Taiwan was hit with $3.1 billion worth of foreign selling, the largest foreign sell day in the country's markets since 2020. Meanwhile, the US dollar was weaker versus Asian currencies, except for Tawain, where the foreign stock exodus weighed on the currency. These countries and stocks have performed well for quite some time, so there are not too many tears to cry. India stood out for its relatively minor decline, though its market is largely supported by a large domestic retail investor. Meanwhile, Mainland China and Hong Kong were off only slightly, especially compared to US-listed China stocks. Mainland China financial news was dominated by Nvidia's near -10% fall yesterday, highlighting the global overweight to a small number of semiconductor and technology stocks, including the “Magnificent 7” stocks. Alibaba added rival Tencent's mobile payment WeChat Pay to its E-commerce platforms Tmall and Taobao, in another indication that China's internet regulatory cycle is over.
Show less
Read more
Impact Snapshot
Event Time:
CICHY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CICHY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CICHY alerts
High impacting CHINA CONSTR BK UNSP/ADR news events
Weekly update
A roundup of the hottest topics
CICHY
News
- China's stimulus plans are choking the profitability of its megabanks, analysts say [CNBC]CNBC
- China Construction Bank Singapore Hosts Forum to promote Fintech and Sustainability at the Singapore FinTech Festival 2024 [Yahoo! Finance]Yahoo! Finance
- China Construction Bank Singapore Hosts Forum to promote Fintech and Sustainability at the Singapore FinTech Festival 2024PR Newswire
- China Market Update: Election Jitters As China Portfolio Managers Buy [Forbes]Forbes
- Remarks by IMF Managing Director Kristalina Georgieva at the 2024 ESG Global Leaders Conference [Yahoo! Finance]Yahoo! Finance