Daniel Harrison

Daniel Harrison

Benzinga Contributor

About
Daniel Harrison is a veteran financial journalist who has written for the Wall Street Journal, Dow Jones Newswires, Washington Post, TheStreet.com, Forbes, Newsweek and other mainstream media news outlets. His market coverage is focused on Asia, wher...
Is Trip.com About To Take Off?
When the going gets tough, packing up your bags and going on holiday isn’t most people’s idea of a first choice.
BYD Beats Q3 Analyst Expectations; HSBC Cuts Price Target But Cites Continued Growth
BYD Company Limited (OTC: BYDDF) (OTC: BYDDY) reported earnings for Q3 2023 after the bell in Hong Kong that beat analyst expectations by a wide margin.
Is It Time To Buy Nio?
This year hasn’t been one for investors in Nio Inc (NYSE: NIO) to remember with much fondness.
Tencent Investors Cheer Hong Kong's Second-Largest IPO For 2023
Tencent Holdings Limited (OTC: TCEHY)-backed J&T Global Express breathed life back into Hong Kong’s flagging IPO market with an oversubscribed market debut Friday.
Chinese EV Names Jump In Hong Kong As Tesla Scraps Discount For Chinese Model Y
Chinese EV makers leaped on news that Tesla was scrapping a Model Y discount Friday as investors hoped that the move signaled the beginning of a détente to the country’s EV price war. Xpeng was up 4%, Li Auto was trading 3% higher and Nio rose 2% by lunch time in Hong Kong trading. BYD was up just over 1%.
Strong Consumer Turnout Drives Hong Kong Stocks Higher Friday As China's Former Premier Li Keqiang Dies At 68
Hong Kong stocks rallied Friday as the week closed out higher for consumer stocks and EV makers which investors hope will be the beneficiary of a forthcoming government stimulus.   The Hang Seng Index ended the day 2.1% higher at 17,398.73 while China’s CSI 300 Index rose 1.4% to 3,562.39.
What Do Q3 Earnings of Two Of The Largest Chinese Financial Firms Tell Us About China's Economy Right Now?
Thursday, two of China’s largest financial institutions released third quarter earnings.
Why Did One Of China's Biggest Consumer Names Sell-Off 20% Thursday?
Sportswear maker Li Ning Co Ltd (OTC: LNGGY) (OTC: LNGGF) became the latest casualty of a downturn in China and Hong Kong, after the company announced Wednesday night it had missed sales expectations in the third quarter.
Hong Kong Stocks End The Week In A Rout As China's Central Bank Pumps $100 Billion Into Banking System Ahead Of Long Weekend
Shares in Hong Kong ended the week lower after a rout of selling among tech names and as property continues to skewer markets. Investors also focused on bank earnings next week which they expect to be lower due to tightening margins. China’s Central Bank pumped a record stimulus into the banking system to keep short-term prime loan rates steady amid the recent credit woes.
The Week's Top 5 China Tech Stories In Focus
Here are the story summaries of the Top 5 stories coming out of China’s fledgling tech sector this week:
CATL Closes In On LG As World's #1 EV Battery Supplier; BYD Triples Global Market Share
Chinese EV battery maker Contemporary Amperex Technology Co. Ltd., or CATL for short, is playing an increasingly significant role in the development of energy-efficient vehicles around the world, according to Caixin, the Chinese-language business daily.
Hong Kong Stocks Tumble Over Ugly Chinese Housing Data; EV Makers Plunge After Tesla's Earnings Disappointment
Shares in Hong Kong and China dropped Thursday on a slew of bad economic data from the housing and financial sector. The Hang Seng Index fell 2.5% to 17,295.89 points and China’s CSI 300 index ended the day 2.1% lower at 3,533.54 points.
3 Hong Kong Corporate Debt Announcements You May Have Missed Thursday – And What Traders Say
Thursday saw a wave of announcements by companies on the Hong Kong Stock Exchange as in particular property developers and banks react to the Country Garden Holdings Limited (OTC: CTRYF) default on a $15 million interest payment Wednesday.
Chinese Online Retailers Are Eyeing Up "Single's Day" To Lift Sales
China’s online retailers are getting primed for one of the biggest retail sales days of the year next month on November 11, according to Chinese language media reports.
Chinese Dirty Money Probe Extends To UBS As Credit Suisse Goes Under The Spotlight Of Singapore Regulators
Credit Suisse AG has become the target of another money-laundering probe, this time by the Singapore authorities, just months after being taken over by rival UBS Group AG (NYSE: UBS) and following a similar DOJ investigation, according to a Bloomberg
Are Analysts Getting Too Bearish On These 3 Chinese Consumer Stocks?
While China’s property sector faces a tight credit crunch, consumer stocks might be oversold after new data shows that the mainland economy is bouncing back better-than-expected, say some investors.
China's Largest Property Developer Misses Its First Bond Payment, While Another Heads To Court With Creditors Next Week
Two of China’s largest property developers, Country Garden Holdings Limited (OTC: CTRYF) (OTC: CTRYY) and China Evergrande Group (OTC: EVGRF) are f
BYD Leaps On Record Sales That Value The Chinese EV Maker At 66% Discount To Tesla
BYD Company Limited (OTC: BYDDF) (OTC: BYDDY) shares leaped 7%, their most in two months, Wednesday morning in Hong Kong after saying it would report record quarterly earnings this month.
Hidden Chinese Property Debt Is Spooking Bond Holders And Sparked A Bank Run
A tear-down of an insurance giant’s real estate liabilities mirrors other troubling reports across China’s banking sector right now showing the extent of hidden debt entanglement among financial firms.
Monday's Top 3 Short Trades In Hong Kong - And What Traders Say About The Squeeze
Total short-selling activity in Hong Kong Monday stood at HK$14.3 billion ($1.8 billion), or 22.9% of all shares traded. Short-selling can cause a rout in stocks but it can also make for sharp upswings when speculators are forced to cover their short positions by buying the stock back in the event of a sudden (a “short-squeeze”).