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China Market Update: Hong Kong Grinds Higher, China Releases August Economic Data [Forbes]
Last jd.com, inc. - american depositary shares earnings: 3/2 05:03 am
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Japan, South Korea, Indonesia, and Malaysia were also closed. It was a very quiet night, especially given the four market holidays outside of China's Mid-Autumn Festival: Respect for the Aged Day (Japan), Mawlidal-Nabi (Indonesia), Malaysia Day, and Chuseok – Thanksgiving Day (South Korea). With Mainland China closed tomorrow and Hong Kong closed on Wednesday, I suspect many Hong Kong-based traders took the week off, as volumes fell -46% from Friday. China's August economic data release was largely lighter, i.e. lower than expected, leading to speculation that government stimulus will be increased. The stimulus optimism drove Hong Kong to a small gain even without the buying support of Mainland investors via Southbound Stock Connect. Chart1 KraneShares Housing data showed no improvement, as Real Estate stocks underperformed today. Hong Kong's most heavily traded stocks were Tencent, which gained +0.80%, buying back 2.67 million shares today, Meituan, which gained +2.85% on a
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- China Market Update: Hong Kong Growth Stocks Power On, Week In Review [Forbes][Forbes]
- JD.com, Inc. (NASDAQ: JD) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.[MarketBeat]
- China Market Update: Powell's Rate Cut Powers Asia & China Higher [Forbes][Forbes]
- Why Dada Nexus Stock Rocketed Almost 22% Higher on Tuesday [Yahoo! Finance][Yahoo! Finance]
- London Fashion Week Partners With JD.com [Forbes][Forbes]
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SEC Filings
- 8/27/24 - Form 6-K
- 8/21/24 - Form 6-K
- 8/20/24 - Form SC
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