{
}
Turmoil in the US stock market is driving investors to global equities, with emerging markets outperforming amid recession fears. However, analysts warn that a US economic slowdown could negatively impact global markets, as tighter financial conditions may spill over if the US faces a recession. The recent selloff has led to significant gains in European and Chinese markets, bolstered by fiscal measures and technological advancements.
BofA Securities has reiterated its "Buy" rating for HSBC Holdings (00005.HK), citing the bank's potential to achieve a return on tangible equity of approximately 15% annually from 2025 to 2027. Despite the current share price trading at about 1.2x the FY2025 projected PB ratio, the firm sees upside potential with a target price set at GBX1,035.
The HSI index rose by 316 points at midday, with HSBC Holdings and AIA both increasing by 3%. The information provided is for reference only and does not constitute investment advice, with no guarantees on accuracy or future performance. Users are advised to consult professional financial advisers before making investment decisions.
This week saw a surge in mergers and acquisitions across Asia's tech landscape, with 86 deals totaling over US$680 million. Notable transactions include Zolve's US$251 million funding in India and Otorio's US$120 million acquisition by Armis in Israel. The momentum suggests a robust start to March as the region's startup ecosystem continues to evolve.
This week marked a significant surge in mergers and acquisitions across Asia's tech landscape, with 86 deals totaling over US$680 million. Notable transactions include Zolve's US$251 million funding in India and Otorio's US$120 million acquisition by Armis in Israel. The momentum suggests a robust start to March, potentially signaling a revitalization in the region's investment climate.
Xiaohongshu has introduced the "Overseas Ecommerce Pioneer Program," aimed at providing cross-border business solutions for merchants. This initiative integrates online transactions, export trade, cross-border payments, and localized operations into a cohesive service chain. Currently in the testing phase, it is available by invitation only to select merchants, targeting markets in the US, Hong Kong, and Macau.
Xiaohongshu has introduced the "Overseas Ecommerce Pioneer Program," aimed at providing cross-border business solutions for merchants. This initiative integrates online transactions, export trade, cross-border payments, and localized operations into a cohesive service chain. Currently in the testing phase, it is available by invitation only to select merchants, targeting markets in the US, Hong Kong, and Macau.
Nio has laid off approximately 10% of its workforce across various teams, primarily affecting the sales and service segments, with significant cuts in the UR Fellow department. The company is restructuring to enhance cost control amid disappointing sales figures for its sub-brand Onvo, which has struggled to meet targets since the launch of the L60 model. Despite these challenges, Nio's battery swap stations are reportedly nearing profitability, with construction costs significantly reduced.
Nio has laid off approximately 10% of its workforce across various teams, primarily affecting the sales and service segments, with significant cuts in the UR Fellow department. The company is restructuring to enhance cost control amid disappointing sales figures for its sub-brand Onvo, which has struggled to meet targets since the launch of the L60 model. Despite these challenges, Nio's battery swap stations are reportedly nearing profitability, with construction costs significantly reduced.
In February, China's power battery installations reached 34.9 GWh, marking a 94.1% year-on-year increase but a 10.1% decline from January. CATL led with a 44.45% market share, while BYD's share grew to 23.62% due to a 163.95% rise in NEV sales. LFP batteries dominated the market, accounting for 81.5% of total installations.
Hong Kong Dollar
Currency
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
us market turmoil drives global investment shifts amid recession fears
Euro
Chinese Yuan
Hong Kong Dollar
United States Dollar
HANG SENG INDEX
EURO STOXX 50 I
The Goldman Sachs Group, Inc.
CSI 300 Index
Nasdaq 100 Mar 25
DEU
USA
CHN
Scott Bessent
Donald Trump
Show more
08:55 17.03.2025
BofA Securities maintains buy rating on HSBC Holdings with growth potential
05:57 17.03.2025
HSI rises midday with notable gains in HSBC and AIA stocks
05:23 17.03.2025
asia's tech sector sees surge in mergers and acquisitions this week
Chinese Yuan
Hong Kong Dollar
United States Dollar
Australian Dollar
Insilico Medicine
Sola Security Ltd.
JPN
KOR
IDN
HKG
IND
SGP
THA
ISR
NGA
CHN
Mike Moritz
Fred Armisen
Rakesh Perfios
Eli Lilly
Show more
10:30 15.03.2025
Asia's tech sector sees record M&A activity and significant funding deals
Australian Dollar
Chinese Yuan
Hong Kong Dollar
United States Dollar
METISA ON
Sola Security Ltd.
Vuno Inc.
SNB SONDERSATZ
Insilico Medicine
JPN
NGA
IND
IDN
KOR
SGP
ISR
THA
CHN
Mike Moritz
Eli Lilly
Fred Armisen
Rakesh Perfios
Show more
10:30 15.03.2025
Xiaohongshu launches overseas ecommerce pioneer program for select merchants
06:40 13.03.2025
Xiaohongshu launches overseas ecommerce pioneer program for select merchants
06:40 13.03.2025
Nio implements layoffs and restructures amid disappointing sales performance
Nicaraguan Córdoba
Offshore Chinese Yuan
Hong Kong Dollar
United States Dollar
XIAOMI-W
NIO Inc.
CHN
Alan Ai
Qinghua Xia
William Li
Show more
01:19 12.03.2025
Nio implements layoffs and restructures amid disappointing sales performance
United States Dollar
Nicaraguan Córdoba
Hong Kong Dollar
CHN
William Li
Qinghua Xia
Alan Ai
Show more
01:19 12.03.2025
China's EV battery market sees BYD growth amid CATL decline in February
Chinese Yuan
Hong Kong Dollar
EVE Energy Co., Ltd.
CATLOKI USD
Gotion High-tech Co.,Ltd.
Calbee, Inc.
LG Energy Solution, Ltd.
CHN
Show more
11:25 11.03.2025
Trending
Subcategory
Countries:
Companies:
Currencies:
People: