Xiaomi raised $ 3.91 billion, shares were suspended from trading in Hong Kong


Xiaomi raised $ 3.91 billion, shares were suspended from trading in Hong Kong

Shares of smartphone maker Xiaomi on December 2 stopped trading in Hong Kong after it gathered $ 3.91 billion, including an offering of shares in Hong Kong.

Chinese smartphone maker Xiaomi has raised $ 3.91 billion, including an offer to sell a stake in the Hong Kong market. Photo: Shutterstock

The session marked a new record of Wall Street last night and the GDP of Australia exceeded expectations did not bring complete green color for Asia-Pacific stocks in this morning session on December 2.

The Hong Kong market this morning was tinged with red with the Hang Seng Index slipping 0.32% at the beginning of the session. Notably, shares of the leading real estate group of China Evergrande Property Services listed in Hong Kong this morning fell 0.5% compared to the floor price last week.

Mainland Chinese stocks were mixed this morning, with the Shanghai Composite Index slipping 0.32 percent while the Shenzhen Component rose slightly by 0.12 percent.

The opposite movements were also reflected on the Japanese stock market. Specifically, the Nikkei 225 index slipped 0.17% while the Topix index edged up 0.28%. Meanwhile, Korean stocks recorded the green color with the Kospi index increasing by 0.93%.

In Australia, the S & P / ASX 200 index decreased by 0.37% despite the country’s GDP in the third quarter of 2020 exceeding expectations. Overall, the MSCI Asia-Pacific Index (excluding Japan) was less volatile.

CNBC TV channel quoted the Australian Bureau of Statistics as saying that the country’s third quarter GDP increased by 3.3%, exceeding the 2.6% increase forecast that economists made with Reuters earlier. Previously, Australia’s GDP in the second quarter of 2020 had decreased by 7% compared to the previous quarter.

After news of the economy bouncing, Australian dollar price inched and exchanged 1 AUD “eating” 0.7373 USD, compared with 1 AUD / 0.7362 USD set previously.

Wall Street Securities set new records last night. The S&P 500 rose 1.1 percent to close at a record 3,662.45. Meanwhile, the Nasdaq Composite also ended the session with a record 12,355.11, up 1.3%, while the Dow Jones industrial average added 185.28 points and closed the day with 29,823. , 92 points.

Analysts believe that the mutations in the US stock market have a great impact from the development of vaccine against Covid-19. Pharmaceutical company Pfizer and biotechnology company BioNTech said on 1/12 that they have applied to the European Pharmaceutical Agency to apply for a license to commercially distribute Covid-19 resistant vaccine. If licensed, the vaccine developed by the two agencies will be used in Europe this month, according to BioNTech.

The money market this morning saw the greenback still weaken. The US dollar index against other major currencies fell to 91,188, from above 91.5 previously set. Japanese Yen also depreciated and converted 104.34 JPY / USD, compared with 104.1 JPY / USD at the beginning of the week.

Oil prices on the Asian market this morning continued to go down. Futures price Brent oil fell 0.7% to $ 47.09 / barrel, while the price of crude oil delivered in the US fell 0.76% to $ 44.21 / barrel.

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