alibaba

Summary:

  • US listed Chinese Stocks are going on their third day of price gains

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Alibaba stock prices are jumping

US listed Chinese Stocks are going on their third day of price gains. The recent wave of video game batch approvals, offering hope for Chinese tech stocks. This move from Chinese regulators shows a step in the direction of a softening stance towards internet firms.

The Alibaba share price is up more than 10.5% as of Wednesday. The rise in stock price for Chinese tech stocks comes as a relief to the current market sentiment amidst US markets are gripped by the thought of higher interest rates. In addition, the easing of lockdowns in major cities in China mixed with a line of better-than-expected earnings results are also contributing to boosting investor risk sentiment.

Alibaba (BABA) Amongst US Listed Chinese Stocks That Have Seen Major Gains - 1 BABA Price Chart

Sources: barrons.com, finance.yahoo.com, bloomberg.

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Russia And Ukraine Conflict Dominates News Again, USOIL Is No That Far From $100

Swissquote Bank Swissquote Bank 22.02.2022 10:22
All hell broke loose yesterday, as the Russian President Putin said on a TV address that he recognizes the Ukraine’s two separatist regions Donetsk and Luhansk as republics. The latest statement also hints to the end of the Minsk agreement and clearly heightens the risk of a Russian invasion in Ukraine in the coming days. Market reaction: equities are under a decent selling pressure, Bitcoin extends losses, natural gas, oil and gold rally, safe haven currencies are up. Expect high volatility in the coming sessions. Elsewhere, Alibaba nosedived on fresh news that authorities asked the Chinese banks to check their exposure to Ant Group, which could further damage the company’s ties with other financial institutions for its online-loan business. Other Chinese tech stocks are also feeling the threat of further government crackdown. Watch the full episode to find out more! 0:00 Intro 0:26 Putin gets aggressive 1:40 Strong market reaction 2:28 Oil up 3:12 Commodities up 3:38 Bitcoin down 3:56 Gold up 4:57 Safe haven franc, yen gain 5:57 Swiss banks under pressure amid Swiss Secrets 6:36 Alibaba, Tencent hit by fresh govt news Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.
Alibaba Stock News and Forecast: BABA rallies in Hong Kong as China mulls changes to audit access

Alibaba Stock News and Forecast: BABA rallies in Hong Kong as China mulls changes to audit access

FXStreet News FXStreet News 04.04.2022 16:32
Alibaba stock soars in Hong Kong, up nearly 3%. Delisting fears may finally be clearing way for Chinese stocks. BABA stock is already surging in Monday's US premarket. Alibaba (BABA) stock is once again making gains in the premarket following on the back of some solid gains for BABA in Hong Kong overnight. BABA stock is currently ahead by nearly 4% in early Monday premarket trading. Alibaba Stock News The main reason behind this gain is news that China may relax restrictions on audits of some of its firms that are listed in the US. The back story is of course the ongoing delisting fears that have hung over the Chinese tech stocks listed in the US. This kicked off back two years ago when the proposed Alibaba (BABA) spin-off of ANT Group was halted at the last minute. This was due to apparent criticism from BABA chairman Jack Ma, but it did bring Chinese attention to US-listed stocks. Thus began a regulatory crackdown with various names dragged into the melee. DiDi Global (DIDI) was one of the most successful US IPOs, but the shares collapsed as the threat of delisting hung over the stock. The latest news from the China Securities Regulation Commission (CSRC) is that it plans to revise confidentially tules that could pave the way for US regulators and auditors to have access. This would remove the threat of delisting in the US from the SEC. Bloomberg reported last week that such access could be made to US auditors by the middle of 2022. Alibaba Stock Forecast After the recent recovery rally, BABA stock has consolidated around the $110 to $120 level. Consolidation is usually a chance for the stock to regroup before continuing in the direction of the current trend. The problem with BABA is that the current trend is positive, but the longer-term one is hugely negative. So it is some job to turn around that negative sentiment. Doing so likely means BABA needs to break $138. This is the low from October 2021, and then the level acted as resistance in January. There is also a noted volume gap from $130 to $160, which could see the move accelerate. $110 is the key level to hold above to give this movie a chance. Alibaba (BABA) stock chart, daily
Many Investors Wonder What Stocks To Buy Today As Chinese Tech Stocks Are Recovering

Many Investors Wonder What Stocks To Buy Today As Chinese Tech Stocks Are Recovering

Alex Kuptsikevich Alex Kuptsikevich 05.04.2022 10:19
Nasdaq100 has added over 2% on Monday, in contrast with a more modest gain of 0.8% for the S&P500 and a barely notable 0.3% rise for the Dow Jones. But this is not a signal of general optimism from market participants; instead, it’s a switch in focus to Chinese companies. Often the outperformance of technology-rich Nasdaq is taken as a signal of an accelerating economy and a move by investors to look for assets that outperform the broader market during an economic boom. But along with that, we would see the Russell Index, which includes 2,000 small US stock market companies, outperform. And it was only up 0.2% over Monday, struggling to move into positive territory by the end of the day yesterday. On the other hand, Chinese companies are going from weak to growth drivers. However, this is nothing more than a recovery from lows after a year of aggressive declines. Earlier in March, China’s H-shar lost more than half its value in 13 months of sell-off. Hong Kong’s Hang Seng was down 40% at its lowest point, plunging to 2016 lows. In the first half of March, the most significant acceleration came on signals that China and the US had moved from trade wars to financial wars as the latter threatened to delist. However, financial market turbulence is the last thing Xi Jinping needs this year, as there will be an election at the end of it, where he will be the leading candidate. Improving the economic situation is often the most effective way for the incumbent to gain electoral support. And China has a lot to work with. Much the same can be said for the US, where the November Senate elections will be held. Democrat Biden’s record-low approval rating plays against his party in the coming elections and the rising stagflation threat. The threat of delisting from the US is a blow to prestige, but it also closes off access to the softest financial terms for new companies and the deepest pool of liquidity. China could only afford it in the event of mania in Chinese markets and a booming Chinese economy. But that is not the case right now. The PRC economy lags behind its forecast growth trajectory due to continued covid lockdowns. Achieving the expected 5.5% GDP growth this year requires stimulus and easing of monetary policy, regardless of inflation risks and without regard to the rest of the world, which is tightening policy. This is a favourable environment for the market, at least for the time being. The Chinese equity market thus ceases to be a ‘sick man’, dragging global equity indices down and suppressing investor interest. On the contrary, even after returning to 5-week highs, Chinese equities still look very cheap, turning into a leading idea for the markets with a 9% jump in Baidu and a 6.6% rise in Alibaba on Monday. Placed amongst others in the US, Alibaba and Baidu, the biggest of which are now pulling the indices up, spreading positivity across the entire tech sector. Twitter’s 27% jump in shares on reports of Musk’s 9.2% stake in the company says more about the market’s mood to look for growth drivers than how much this passive share of the Tesla CEO can help the social network. And that’s good news a couple of weeks before the start of the new reporting season after a worrying first quarter.