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South African rand strengthened to below 16 rand per US dollar.

2026-08-21

South African rand strengthened to below 16 rand per US dollar.

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2026-08-21

[Institution: Alibaba's AI Labs and Applications Losses May Peak This Quarter] In a research report, Daiwa Securities analyst John Choi pointed out that Alibaba Group may benefit from its AI cloud business. The analyst stated that losses in its AI la

[Institution: Alibaba's AI Labs and Applications Losses May Peak This Quarter] In a research report, Daiwa Securities analyst John Choi pointed out that Alibaba Group may benefit from its AI cloud business. The analyst stated that losses in its AI labs and applications, as well as losses in all other segments, will peak this quarter. Daiwa Securities estimates that losses in the AI labs and applications will narrow sequentially due to improved model training efficiency, better inference efficiency, and reduced marketing intensity. Daiwa Securities maintained its buy rating and raised its target price for Alibaba ADR from $180 to $185.
2026-08-21

CITIC Securities says Shanghai’s Aug. 20 measures to optimize real-estate policy should spur genuine homebuying and, by unlocking replacement chains from the bottom up, help sustain a modest rise in Shanghai house prices into H2 2026. The report expe

CITIC Securities says Shanghai’s Aug. 20 measures to optimize real-estate policy should spur genuine homebuying and, by unlocking replacement chains from the bottom up, help sustain a modest rise in Shanghai house prices into H2 2026. The report expects residential development to increasingly concentrate in first-tier and select second-tier cities, which benefit from larger populations, earlier rent stabilization and lower new-build volumes over the past decade.
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