Tag Archives: NTES

Top China Stocks To Watch Right Now

By Clarence Leong

Hong Kong Exchanges & Clearing Ltd.’s third-quarter profit fell 30%, as sluggish trading activities weighed on its revenue.

The exchange operator on Wednesday posted net profit of 2.26 billion Hong Kong dollars (US$287.9 million) for the quarter, compared with HK$3.25 billion in the year-earlier period.

Revenue dropped 23% to HK$3.94 billion, weighed by declines in trading and clearing fees, it said. The headline average daily turnover fell 41% to HK$97.6 billion.

Hong Kong’s initial-public-offering market showed a recovery from....More>>>

Hot China Stocks To Own Right Now

Major automakers are still concerned about the global semiconductor shortage that has curbed their production.

Volkswagen  (VWAGY)  Chief Executive Herbert Diess, Daimler  (DMLRY)  Chief Executive Ola Kallenius and Gunnar Hermann, chairman of the management board for Ford  (F) – Get Ford Motor Company Report Europe told CNBC that it’s difficult to predict when the problem will end.

Volkswagen, Europe’s biggest car maker, has ceded market share in China thanks to the shortage, Diess said.

“We are relatively weak....More>>>