PRE-MARKET CHINESE STOCK NEWS: US President Trump's administration was reportedly drafting a ban on US imports of Chinese data centre devices
Newsquawk Staff ·
China State Construction Development (830 HK) - Co. guides H1 (HKD) net to fall 65.5% Y/Y to 133mln, citing lower new-project volume as property developers remained cautious. (Newswires)
Country Garden Holdings (2007 HK) - Co. July contracted sales fell 18.4% Y/Y to CNY 2.26bln. (Newswires)
CXMT (688825 CN) - HP, Asus and Acer have reportedly begun using small volumes of the Co.’s chips in notebook models sold outside the US. (Newswires)
GAC Group (2238 HK) - Co. July vehicle production fell 19.5% Y/Y to 103k and sales fell 5.0% Y/Y to 113k. (Newswires)
Innovent Biologics (1801 HK) - Co. H1 (CNY) product rev. rose more than 55% Y/Y to over 8.2bln. (Newswires)
Skyworth Group (751 HK) - Co. prelim. H1 (CNY) net rose 170% Y/Y. (Newswires)
Techtronic Industries (669 HK) - Co. H1 (USD) net rose 17.5% Y/Y to 738mln, rev. rose 5.9% Y/Y to 8.29bln. (Newswires)
Other News
US President Trump's administration was reportedly drafting a ban on US imports of Chinese data centre devices, according to sources. (Newswires)
PBoC is to conduct CNY 500bln of 3-month outright reverse repos today. (Newswires)
Data Recap
- Hong Kong Retail Sales Value (Jun) Y/Y 4.6% vs. Exp. 8.5% (Prev. 7.9%).
- Hong Kong Retail Sales Volume (Jun) Y/Y 2.3% vs. Exp. 5.8% (Prev. 4.8%).
- US President Trump says the Pentagon will invest USD 1.5bln in semiconductor chip production in North Carolina
- US President Trump speaking on India, says a trade deal is pretty close
- US President Trump says Ukraine has to want to settle this war; want Zelensky to make a deal; given a lot to Ukraine, but gotten absolutely nothing back
- US President Trump says doing very well with Iran; have to make final decision on which way to win
- US to offer Russian President Putin face-to-face talks with Ukrainian President Zelenskyy and US President Trump, Politico reports
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