Hong Kong stocks wavered near an eight-month high as traders pondered whether to cash in on the bull run, while robust mainland tourism data for the holiday period helped support sentiment.
Amid recent turbulence in the U.S. stock market, characterized by sharp declines and heightened inflation concerns, investors are navigating a challenging economic landscape. In such times, growth companies with high insider ownership can be particularly appealing, as significant insider stakes often signal confidence in the company's future prospects from those who know it best.
China’s top three premium EV makers posted mixed sales last month, as companies remain entrenched in a price war in the world’s largest car market that shows no signs of ending.
The Warren Buffett-backed carmaker posted first-quarter net profit of 4.57 billion yuan (US$631 million), 47.3 per cent lower than the quarter ended December 2023.
"Our CEO Luca de Meo engaged in pivotal conversations with industry leaders, including our partners Geely and Dongfeng, key suppliers but also the new players like the founders of Li Auto and Xiaomi Technology," Renault's procurement and partnerships chief Francois Provost said in a post on LinkedIn.
"Our CEO Luca de Meo engaged in pivotal conversations with industry leaders, including our partners Geely and Dongfeng, key suppliers but also the new players like the founders of Li Auto and Xiaomi Technology," Renault's procurement and partnerships chief Francois Provost said in a post on LinkedIn.