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KOREA’S KOSPI SURGES 6% INTRADAY, NOW AT 7,353.86 POINTS

2026-05-06

KOREA’S KOSPI SURGES 6% INTRADAY, NOW AT 7,353.86 POINTS

Other News
2026-05-06

Short bets against Contemporary Amperex Technology Co. Ltd.’s Hong Kong shares have dropped sharply, with short interest falling to 15.4% of free float from about 26% a week earlier, the lowest since December, according to S3 Partners. The decline fo

Short bets against Contemporary Amperex Technology Co. Ltd.’s Hong Kong shares have dropped sharply, with short interest falling to 15.4% of free float from about 26% a week earlier, the lowest since December, according to S3 Partners. The decline followed a $5 billion share placement that increased share availability and lowered borrowing costs, while shorted shares fell to a five-week low. The move allowed traders to unwind positions built amid a premium to Shenzhen shares. Analysts including Morgan Stanley cited improving growth visibility, particularly in energy storage and new battery technologies, with most analysts maintaining buy ratings.
2026-05-06

A-share battery stocks continued to rise in the afternoon, with CATL rising nearly 7% to a new historical high, Rongbai Technology rising more than 10%, Fengyuan Shares previously hitting the daily limit, and Weilan Lithium, Haike New Energy, Guoxuan

A-share battery stocks continued to rise in the afternoon, with CATL rising nearly 7% to a new historical high, Rongbai Technology rising more than 10%, Fengyuan Shares previously hitting the daily limit, and Weilan Lithium, Haike New Energy, Guoxuan High-tech and other stocks rising more than 5%.
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