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KWEB News5 articles
Yuan Pulls Back from 3½-Year High as PBOC Fixing Signals Intervention
The yuan slipped from a 3½-year high after the PBOC's midpoint came in 633 pips below market estimates, signaling a curb on appreciation. USD/CNY closed near 6.72, and KWEB rose 0.61%.
PDD Slumps 7.6% as Weak China Retail Data Raises Valuation Concerns
PDD Holdings (PDD) dropped 7.6% last week amid weak China retail data and concerns over profit quality, despite a strong cash position. July retail figures due Monday may add pressure.
Alibaba Surges 5% on AI Cloud Deal Report
Alibaba (BABA) rose 5.1% to $122.28 after a report linked its cloud infrastructure to Moonshot AI's chip acquisition, highlighting AI-cloud synergy. The stock is up 9% in five days.
Alibaba Rides AI Cloud Hype But Cash Burn Raises Questions
Alibaba shares jumped 12% on AI cloud optimism and a buyback, but free cash flow and margins remain under pressure. The stock faces key resistance at $111.
NIO Stock Gains on Premium ES9 Sales Lifting June Average Price
NIO Inc. (NYSE:NIO) shares rose 4.8% on Monday as new data revealed its main brand's average transaction price reached 443,000 yuan in June, fueled by increased ES9 deliveries.