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The Hong Kong stock market headed south again on Wednesday, one day after ending the two-day slide in which it had slumped more than 100 points or 0.6 percent. The Hang Seng Index now sits just above the 16,530-point plateau and it's looking at another soft start again on Thursday.
SMM February 29th News: Following a sharp rise of 6% in the intraday trading on February 28th, lithium carbonate futures prices continued to show strength after the opening on February 29th, and accelerated in the afternoon, with the increase reaching 9.25% at one point. The main lithium carbonate contract once explored to 119,800 yuan/ton, reaching a new high of over 3 months since November 2023. As of the daytime closing, the main lithium carbonate contract reported a 9.21% increase to 119,200 yuan/ton. Multiple contracts such as 2409, 2412, 2411, 2410, 2501, 2502 rose by over 7%, and contra...
Li Auto Inc. misses on earnings expectations. Reported EPS is $0.6 EPS, expectations were $2.06. Li Auto Inc.
The Hong Kong stock market on Tuesday ended the two-day slide in which it had slumped more than 100 points or 0.6 percent. The Hang Seng Index now sits just above the 16,790-point plateau although it may hand back some of those gains on Wednesday.
- Based on customs statistics, China's total value of goods trade imports and exports soared to RMB 41.76 trillion in 2023, marking a record high of 645,000 foreign trade enterprises. Despite the...