The latest halt in the global risk rally comes on the back of data pointing to lingering inflationary pressures across major economies
The debut gave Zeekr a fully diluted valuation of $6.8 billion, or about half the $13 billion it fetched after a funding round last year
Expectations of an easier US monetary policy also boosted investor sentiment across Asia after inflation data on Friday fuelled rate-cut hopes
Nikkei heavyweights with a significant presence in China have seen mega rallies, especially in the chip sector
But how long the market recovery will last remains to be seen, given that broader data out of the world’s second-largest economy continues to disappoint
The threat of overpriced shares, as well as possible political change and regulatory uncertainty, have failed to deter the reflow of cash
The move will give “all types of investors more time to digest market information” and create “a fairer market order," China's markets regulator said
Along with Ma, Alibaba chairman Joe Tsai also purchased about $151 million worth of Alibaba's US-traded shares
A distinct Chinese market derivative, 'snowball' products once helped the country's investors deal with market volatility. Now, they're threatening to trigger an avalanche in equities
China and Hong Kong stocks ended 2023 as the worst performers among the world's major indexes, dragged down by geopolitical risks, a sluggish economic recovery and policy uncertainties
Chinese tech giants, including Alibaba, ByteDance and Baidu, had placed orders worth billions for 2024 and Nvidia had planned to deliver some of them by mid-November
The rules come after senior management of a Chinese automobile parts-maker was found to have lent shares to short-sellers on the first day of trading after its IPO