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NASDAQ:CTRP 16 January 2026

Hang Seng slips as tech drags again, while chip and AI names buck the trend in Hong Kong

Hang Seng slips as tech drags again, while chip and AI names buck the trend in Hong Kong

The Hang Seng Index closed down 0.29% in Hong Kong on Friday, pressured by losses in shipping, casino, and healthcare stocks. Ctrip shares plunged 19% the previous day after news of a China antitrust probe, rattling investors. Semiconductor stocks rose, with Hua Hong Semiconductor up 7.39%. Mainland investors sold about HK$600 million in Hong Kong shares via Stock Connect.
16 January 2026
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Stock Market Today

  • Progressive Auto Insurance Stock Seen as Resilient Asset Amid Recession Fears
    June 28, 2026, 5:53 PM EDT. Progressive (PGR) shares rose 4.05% as investors weigh recession risks. The company sells auto insurance, a product legally required, making its revenue stream relatively stable even during downturns. Progressive manages a $96 billion investment portfolio, over 90% in bonds, generating $1.5 billion in quarterly investment income, which supports resilience in economic stress. Potential bear markets could enable Progressive to shift investments toward stocks, positioning the firm for gains in subsequent market recoveries. With a strong capital base and consistent premium inflows, analysts see Progressive as a defensive stock with long-term growth prospects in uncertain market conditions. Current stock price stands at $224.26 with a 6.45% dividend yield, offering potential value during market dips.

Latest articles

Tesla slips again heading into delivery mix test; TSLA energy gap now wider

Tesla slips again heading into delivery mix test; TSLA energy gap now wider

28 June 2026
Tesla closed at $379.71, up 1.22% Friday but down 5.2% for the week, as Q2 delivery consensus shows a 1.1% gain to 406,024 vehicles—driven solely by Model 3/Y—while “all other models” decline, raising questions about Tesla’s $1.43 trillion valuation with 2026 vehicle growth nearly flat versus 2025.
ACHR stock: Archer Aviation Texas proposal falls short after strong support

ACHR stock: Archer Aviation Texas proposal falls short after strong support

28 June 2026
Archer Aviation (NYSE:ACHR) failed to secure enough shareholder votes for its Texas redomestication plan despite over 80% support from shares voted, keeping its annual $250,000 Delaware tax bill and leaving the stock near a 52-week low, with short interest at 19.43% of float and a five-day loss of 10.31%.
Bradesco (BBDC4) lags as Brazil bank stocks rise; heavy volume on slow days

Bradesco (BBDC4) lags as Brazil bank stocks rise; heavy volume on slow days

28 June 2026
Bradesco preferred shares rose 2.6% last week but lagged the Ibovespa’s 3.0% gain, with over half of BBDC4’s weekly turnover concentrated in two sessions where the stock slipped; investors now eye the July 3 dividend record date and July 6 ex-date, with the declared dividend equaling about 1.6% of BBDC4’s Friday close.
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