Why Chinese Stocks Continued to Zoom Higher on Wednesday [Yahoo! Finance]
Li Auto Inc. - American Depositary Shares (LI)
Company Research
Source: Yahoo! Finance
To the detriment of many publicly traded companies headquartered in the U.S., the hot action on the equity markets Wednesday continued to be in Chinese stocks. That's what a massive government stimulus program will do; the one announced by government officials in the giant Asian country in late September is providing some powerful rally fuel. Many top Chinese stocks kept climbing higher, successfully surmounting Hump Day. And, as in previous sessions, investors didn't seem to discriminate by industry. Electric vehicle (EV) maker Li Auto (NASDAQ: LI) , which has an additional tailwind of excellent delivery numbers released quite recently, rose by nearly 5% on the day. In a completely different sector, Tencent Music Entertainment Group (NYSE: TME) increased at an almost 8% clip. Even the controversial real estate company KE Holdings (NYSE: BEKE) posted a 5% gain. Highly stimulated stocks This isn't the Chinese authorities' first time at the stimulus rodeo, so by now they have qui
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News
- Li Auto Inc. Sponsored ADR (LI) Exceeds Market Returns: Some Facts to Consider [Yahoo! Finance]Yahoo! Finance
- Li Auto Inc. (NASDAQ: LI) had its "neutral" rating re-affirmed by analysts at Macquarie. They now have a $33.00 price target on the stock, up previously from $25.00.MarketBeat
- Headwinds For Li Auto Despite Strong Deliveries [Forbes]Forbes
- EU Set to Vote on Tariffs Targeting Electric Vehicles From China [Yahoo! Finance]Yahoo! Finance
- ‘European carmakers face innovation crisis amid Chinese advancements' [Yahoo! Finance]Yahoo! Finance
LI
Sec Filings
- 10/1/24 - Form 6-K
- 9/6/24 - Form 6-K
- 9/6/24 - Form 6-K
- LI's page on the SEC website