PRE-MARKET CHINESE STOCKS NEWS: Meituan (3690 HK) fully acquires Dingdong's Fresh Grocery E-commerce company for an initial consideration of USD 717mln
Meituan's acquisition of Dingdong's Fresh Grocery E-commerce for USD 717 million marks a strategic move to enhance its footprint in the e-commerce sector, especially in fresh grocery delivery.
RBA Governor Bullock says RBA board is not happy with inflation and the prospects of getting it down
PBoC injects CNY 31.5bln via 7-day reverse repos with the rate at 1.40% and CNY 300bln via 140-day reverse repos with the rate at 1.65%
PRE-MARKET CHINESE STOCKS NEWS: Meituan (3690 HK) fully acquires Dingdong's Fresh Grocery E-commerce company for an initial consideration of USD 717mln
[MARKET UPDATE] Precious metals claw back most of their earlier losses with spot silver nearly flat for the session after rebounding from a 9% dip, while spot gold is also well off today's worst levels
Philippine Unemployment Rate (Dec) 4.4% (Prev. 4.4%)
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China Overseas Land (688 HK) - Co. January contracted sales rose 20.4% Y/Y to 14.5bln. (Newswires)
Meituan (3690 HK) - Co. fully acquires Dingdong's Fresh Grocery E-commerce company for an initial consideration of USD 717mln. (AA Stocks)
NIO (9866 HK) - Co. issued a profit alert with prelim. Q4 (USD) adj. profit 100mln-172mln (prev. -798.3mln Y/Y). (Newswires)
Metals - China's Futures Exchange is to adjust price limits, margin ratios for copper, aluminium, gold, silver and other futures contracts, while the Shanghai International Energy Exchange is to raise limits, margin ratios for international copper futures contracts from the 9th of February closing settlement. (Newswires)
Other News
China's Foreign Ministry said it opposes any country forming small groups to disrupt the international economic and trade order. (Newswires)
US Treasury Secretary Bessent said he will 'absolutely not' be supporting lowering tariffs on Canadian goods, following their trade deal with China. (Newswires)
NVIDIA (NVDA) warned the Trump administration that recently released rules governing chip exports to China are too strict and would destroy demand. (WSJ)
This could indicate a strong push into a competitive market, potentially impacting its valuation and future growth outlook, while also attracting attention from investors evaluating shifts in the consumer services landscape in China.
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