PRE-MARKET CHINESE STOCKS NEWS: Air China (753 HK) is to sell a 1.6% stake in Cathay Pacific (293 HK) for USD 170mln
Air China's decision to sell a 1.6% stake in Cathay Pacific for USD 170 million reflects a strategic shift that may influence investor sentiment about both airlines.
Hisamitsu Pharmaceutical (4530 JT) founding family seeks USD 2.9bln privatisation of the Co, according to Bloomberg
[MARKET UPDATE] Copper futures extend on their recent rally with CME futures climbing above the USD 6/lb level, while the benchmark LME copper contract rose to a fresh record high north of USD 13,150/ton
PRE-MARKET CHINESE STOCKS NEWS: Air China (753 HK) is to sell a 1.6% stake in Cathay Pacific (293 HK) for USD 170mln
PBoC injects CNY 16.2bln via 7-day reverse repos with the rate at 1.40% for a CNY 296.3bln net drain
Earthquake with a preliminary magnitude of 6.3 strikes at the Shimane Prefecture in Japan, according to NIED
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Air China (753 HK) - Co. is to sell a 1.6% stake in Cathay Pacific (293 HK) for USD 170mln. (Newswires)
Country Garden Holdings (2007 HK) - Co. December contracted sales CNY 2.69bln (prev. 3.42bln Y/Y). (Newswires)
Ningbo Xusheng Group (603305 CH) - Co. received car component orders from a North American automaker, with expected sales revenue of about CNY 7.8bln. (Reuters/MSN)
Sunny Optical Technology Group (2382 TT) - Co. plans to spin off vehicle-related optical business. (Newswires)
TCL Electronics (1070 HK) - Co. unveiled its new X11L SQD-Mini LED TV at CES 2026 which is a flagship that could rival Samsung and LG's Micro RGB. (Mashable)
Tech - China’s DeepSeek added an advanced ‘thinking’ feature to its chatbot amid buzz over the next model. (SCMP)
Other News
Chinese Premier Li said will promote the upgrade of robotics and unmanned drones. (Newswires)
South Korean Presidential Adviser said China reaffirmed its cooperation in the stable supply of key minerals to South Korea. (Newswires)
While Air China is likely looking to optimize its capital structure, the move could signal uncertainties in the aviation sector as it navigates recovery from recent challenges. Watch for any market reaction, especially from Cathay Pacific shares, as this could indicate how the market perceives the valuations and competitive dynamics within the sector.
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