Tesla battery supplier CATL rallies on Hong Kong debut
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Strategists at UBS AG noted that while the overall valuation gap between mainland and Hong Kong markets is expected to persist, select stocks like BYD and China Merchants Bank Co. are attracting a premium due to their perceived quality and appeal among global investors.
Shares in China’s Contemporary Amperex Technology (CATL), the world’s largest electric vehicle battery maker, have surged as much as 18% on its first day of trading in Hong Kong, shrugging off geopolitical uncertainties.
CATL, which supplies batteries to global automakers such as Tesla, will start taking investor orders from Monday, it said in a Hong Kong exchange filing. The company plans to sell a total of 117.89 million shares for a maximum price of 263.0 Hong Kong ...
U.S. stock futures point mostly lower, Home Depot says it plans to "generally maintain" pricing levels amid tariffs, and Tesla EV battery supplier CATL's stock soars in its Hong Kong trading debut. Here's what investors need to know today.