Alibaba's Hong Kong shares drop 10%, dragging on Hang Seng; most Asia stocks end higher for the week
Publishing timestamp: 2023-11-17 03:23:17
Summary
The article discusses declines in Hong Kong stocks, particularly Alibaba, due to the company's decision to not proceed with a full spinoff of its cloud group. It also mentions positive predictions for Xpeng's vehicle deliveries and improved profitability. Additionally, it covers other market updates, such as oil prices, Singapore's non-oil domestic exports, and the outlook for U.S.-China relations.
Sentiment: MIXED
Tickers: 9868-HK, .SPX, .DXY, SIE-DE, .SSEC, GOOGL, .HSI, @CL.1, BABA, HFG-DE, .AXJO, AUD=, JPY=, .KS11, .DJI, @LCO.1, .N225, .SZI, PHP=, .IXIC,
Keywords: dow jones industrial average, world markets, alibaba group holding ltd, australia, usd/jpy, wti crude (mar'23), kospi index, asia economy, s&p/asx 200, economic events, hang seng index, dxy us dollar currency index, breaking news: asia, nikkei 225 index, s&p 500 index, shenzhen component index, breaking news: markets, markets, nasdaq composite, ice brent crude (apr'23), australian dollar/us dollar fx spot rate, prices, shanghai, business news,
Source: https://www.cnbc.com/2023/11/17/live-updates-asia-markets-set-to-dip-as-mid-week-rally-cools.html