JP Morgan cuts Pinduoduo (PDD.O) PT to $95 from $110.

Japan's Honda Motor said on Wednesday it has invested in U.S. startup Niron Magnetics, which is commercializing rare-earth-free permanent magnets. Both companies declined to disclose the size of the investment or its intended use. Niron, based in Minneapolis, said the investment is not part of a financing round and that it makes magnets from iron and nitrogen rather than rare-earth elements.

港股存儲概念股震盪上揚，江波龍(09976.HK)漲超6.5%，瀾起科技(06809.HK)漲超2%，兆易創新(03986.HK)等跟漲。