September 28, 2022

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Asian markets rose, South Korean shares rose ahead of the US CPI report

Asian markets rose, South Korean shares rose ahead of the US CPI report

Data show that China’s tourism revenue is still well below 2019 levels

National Mid-Autumn Festival tourism revenue has reached 28.68 billion yuan ($4.16 billion) – just 60.6% of pre-pandemic levels for 2019, according to official data.

Revenue has been below 2019 levels since the pandemic hit in early 2020.

Film ticket website Maoyan showed that the long-weekend box office reached 370 million yuan ($53.44 million), the lowest level since 2017.

Meanwhile, online shopping has stalled in value, according to data from China Post.

Read The story is here.

“Evelyn Cheng”

Ramsay Healthcare shares fell 14% after takeover talks hit a dead end

Australian hospital operator Ramsay Healthcare Shares fell as much as 14.6% after the company announce A consortium led by KKR “is not in a position to improve the terms” of the takeover offer.

Ramsay Health rejected the proposal earlier this year, saying the offer was “Inferior”.

The company’s shares subsequently rebounded slightly but remained down 11%.

– Abigail Ng

Nio jumps more than 20% at the open after Deutsche Bank report

Hong Kong-listed shares of the Chinese electric car maker New It jumped as much as 21% at the open following Deutsche Bank’s bullish report.

Reiterating the buy rating, analyst Edison Yu made minor changes to the outlook and said Nio remains the top China EV pick for Deutsche Bank in a note dated Sept. 12.

CNBC Pro: Forget the oil – coal is hot right now. Here are 2 stocks to play with, according to the pro

Coal mining in Wyoming.

Brian Brainerd | Denver Post | Getty Images

Coal prices are at record levels, and market watchers see prices rising even more as a global energy crisis approaches.

“It’s almost like any company or all companies are buying,” analyst Peter O’Conner said of the booming coal sector, revealing his favorite stocks.

CNBC Pro subscribers can read more here.

– Xavier Ong

Nintendo shares jump 5% ahead of gaming announcement live

Shares associated with Squid Game are up 10% at opening on Emmy hope

Bucket Studio Companywho owns a stake in a private company that represents “Squid Game” lead actor Lee Jung-jae, jumped more than 10% as the show eyed a historic victory in the drama series.

Shares of the company jumped more than 20% immediately upon Netflix’s publication in June A letter from the managerHwang Dong Hyuk, announced the return of the series with a second season.

Other content-related stocks CJ ENM and CJ CGV are also up more than 2.5% in the morning session, and Showbox is up 1.5%.

– Jie Lee

CNBC Pro: Do ​​you want to invest in real estate? These ETFs are among analyst favorites