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Yahoo BusinessSep 18, 2020
Short Sellers Piling Into Chinese Stocks As Trade Tensions Rise
Trade tensions between China and the U.S. are once again on the rise over President Donald Trump's threats to ban TikTok and WeChat in the U.S. starting on Sunday. With the November election now only about six weeks away, S3 Partners analyst Ihor Dusaniwsky said short sellers are targeting Chinese stocks in a major way.Dusaniwsky said China and Hong Kong short interest now totals $104 billion, an increase of $2.03 billion in the past month. The dispute between Trump and China over TikTok could be a preview of what's to come between now and the election, and short sellers seem to believe Chinese stocks could suffer.Most Shorted China Stocks: Here are the five U.S.-listed Chinese stocks with the largest outstanding short positions, according to S3: * Alibaba Group Holding Ltd - ADR (NYSE: BABA), $11.72 billion in short interest. * JD.Com Inc (NASDAQ: JD), $3.24 billion in short interest. * Pinduoduo Inc - ADR (NASDAQ: PDD), $2.95 billion in short interest. * GSX Techedu Inc (NYSE: GSX), $2.38 billion in short interest. * Nio Inc - ADR (NYSE: NIO), $1.47 billion in short interest.Short sellers have been particularly aggressive in betting against Alibaba and JD.com in the past 30 days. Alibaba's short interest has increased by $1.48 billion in that time, while JD.com's short interest is up by $320.7 million. Nio's short interest is headed in the other direction, dropping by $642.5 million in the past month.Dusaniwsky said Chinese stock short sellers have had some home run trades in 2020 led by Luckin Coffee

NYTimes BusinessSep 18, 2020
‘It's So Essential': WeChat Ban Makes U.S.-China Standoff Personal
When downloads of the Chinese-owned messaging service are barred in the U.S. starting at midnight on Sunday, the feud between the countries will hit home for millions of people.

CNBC BusinessSep 18, 2020
Coronavirus live updates: CDC reverses controversial testing guidance; Europe faces second wave
The coronavirus has infected more than 30.2 million people globally as of Friday, killing at least 946,685 people so far.

Inc.comSep 18, 2020
How to Tap the New $10 Million Grant Program for Black-Owned Small Businesses
The Amex-supported 'Coalition to Back Black Businesses' offers grants and training opportunities for hard-hit founders of color.

MarketWatch MarketPulseSep 18, 2020
Compass Pathways' stock debuts with a rally, as the first trade was 38% above the IPO price
Shares of Compass Pathways PLC pointed north out of the gate, as the first trade was 37.6% above the initial public offering price. The U.K.-based mental health care company said Friday that it's upsized IPO priced at $17 share, above the expected range of $14 to $16 a share. The stock's first trade on the Nasdaq was at $23.40 at 12:30 p.m. Eastern for 277,349 shares. The company sold 7.5 million shares in the IPO, up from previous expectations of 6.7 million shares, to raise $127.5 million. The company was valued at about $578.1 million at the IPO price. The stock has added to gains since it opened, to trade up 44%. Compass's bullish debut comes at the end of a busy week for IPOs, which was highlighted by Snowflake Inc.'s red-hot debut earlier this week. The Renaissance IPO ETF has rallied 20.1% over the past three months, while the S&P 500 has gained 6.8%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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CNBC BusinessSep 18, 2020
Trump says U.S. will manufacture enough coronavirus vaccine doses for every American by April
President Donald Trump said Friday the U.S. will manufacture at least 100 million coronavirus vaccine doses before the end of the year with enough to inoculate every American by April.
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