PRE-MARKET CHINESE STOCK NEWS: China's retaliatory tariffs against the US takes effect today, while Trump said will be announcing on Monday 25% tariffs on all steel and aluminium and will announce reciprocal tariffs on Tuesday or Wednesday
Alibaba (9988 HK) - Co. denies report of investing in DeepSeek. (Newswires)
Chongqing Changan Automobile (000625 CH) - Co. said its controlling shareholder is set to change pending indirect controlling shareholder's reorganisation. (Newswires)
Dongfeng Group (489 HK) - Co. controlling shareholder Dongfeng Motor Corporation is planning a restructuring with other central state-owned enterprise groups, in a filing to the stock exchange. (Newswires)
Guangzhou Auto (601238 CH) - Co. January vehicle sales fell 25.4% Y/Y to 98.4k units. (Newswires)
K H Group (1557 HK) - Co. announced a winding-up petition was filed in a Hong Kong High Court against K H Foundations. (Newswires)
Meitu (1357 HK) - Co. sees adjusted net to grow 52%-60% Y/Y. (Newswires)
Poly Developments (600048 CH) - Co. January contract sales fell 11.4% Y/Y to CNY 18bln. (Newswires)
Other News
China’s retaliatory tariffs against the US takes effect today. (Newswires)
US President Trump said they will be announcing on Monday 25% tariffs on all steel and aluminium coming into the US and he will announce reciprocal tariffs on Tuesday or Wednesday which will go into effect almost immediately, while he added that no one can have a majority stake in US Steel (X). (Newswires)
US President Trump signed an order amending the duties on de minimis imports from China, while he said the de minimis suspension for packages from China has been delayed until the Commerce Department puts in place adequate procedures and systems to expediently process them. (Newswires)
Chinese Foreign Minister in response to a media inquiry regarding reports that China is exploring a potential antitrust probe into Apple (AAPL) policies related to its app store policies and fees, said "he was not aware of the situation". (Global Times)
Hong Kong announced to file a complaint with the WTO on U tariff decision. (Newswires)
Data Recap
- Chinese CPI MM (Jan) 0.7% vs. Exp. 0.8% (Prev. 0.0%)
- Chinese CPI YY (Jan) 0.5% vs. Exp. 0.4% (Prev. 0.1%)
- Chinese PPI YY (Jan) -2.3% vs. Exp. -2.1% (Prev. -2.3%)
10 Feb 2025 - 01:18- EquitiesData- Source: Newswires
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