LexinFintech Holdings Ltd
2.03 - 2.135
1.67 - 8.14
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UK Market Finished lower yesterday, amid rising concerns over inflation. Diversified Energy plunged 19.9%, following reports of gas leaks at its ageing production installations. easyJet fell 3.5%, after the airline operator announced that it expects to report annual losses due to the Covid-19 pandemic. Entain shed 1.7%, even though the gambling firm reported an increase in its revenue in the third quarter, as Covid lockdown measures were lifted. On the other hand, Hipgnosis Songs Fund advanced 5.0%, after the company announced a new partnership with Blackstone which would initially deliver $1 billion to acquire music rights and manage catalogues. GlaxoSmithKline edged 0.9% up, following reports that the company is under pressure to sell its consumer unit that might lead to the biggest buyout of all time. The FTSE 100 slipped 0.2%, to close at 7,130.2, while the FTSE 250 fell 0.1%, to end at 22,468.9. . Europe Market Markets finished mostly lower yesterday, amid rising concerns over inflation and worries about global economic growth. Adler Group dropped 5.0%, after the real estate investor agreed to sell its residential and commercial property worth €1.49 billion to LEG Immobilien. Givaudan fell 2.4%, even though the company’s sales grew in the first nine months of the year. Societe Generale shed 0.2%, after the lender announced that it would cut 3,700 jobs between 2023 and 2025 to merge its domestic retail operations. Gerresheimer slid 1.0%, even though the company reported better than expected revenue and earnings in the third quarter. On the flipside, Lonza Group rose 0.5%, after the company lifted its 2024 group and divisional mid-term outlook. The FTSEurofirst 300 index slipped 0.1%, to close at 1,771.8. Among other European markets, the German DAX Xetra 30 fell 0.3%, to close at 15,146.9, while the French CAC-40 dropped 0.3%, to settle at 6,548.1. . US Market Closed lower yesterday, led by losses in industrial and healthcare sector stocks. Signet Jewelers shed 0.5%, after the company announced that it would acquire Diamond Direct for a cash consideration of $490.0 million. On the other hand, MGM Resorts International jumped 9.6%, after a top broker upgraded its rating on the stock to ‘Outperform’ from ‘Neutral’. Matson climbed 8.4%, after the shipping company announced that it expects to report stronger than expected profit driven by rising demand for its shipping services. Airbnb added 3.7%, following a rating upgrade on the stock to ‘Outperform’ from ‘Market Perform’. Fastenal rose 3.1%, after the company reported better than expected earnings in the third quarter. American Airlines Group edged 0.8% up, after the company projected a smaller than expected loss in the third quarter. The S&P 500 slipped 0.2%, to settle at 4,350.7. The DJIA fell 0.3%, to settle at 34,378.3, while the NASDAQ dropped 0.1%, to close at 14,465.9. . Asia Market We’re trading mixed this morning. In Japan, Nippon Steel, SCREEN Holdings and Taiyo Yuden have dropped 2.5%, 2.7% and 5.1%, respectively. Meanwhile, Toto, Mazda Motor and Toho have advanced 2.7%, 3.7% and 4.9%, respectively. In South Korea, Hanshin Machinery, Shinwon and Central Insights have climbed 13.5%, 15.8% and 18.3%, respectively. Meanwhile, Hanwha, LX International and Kukbo have declined 3.9%, 4.0% and 5.8%, respectively. Markets in Hong Kong are closed today due to Typhoon Kompasu alert issued by the government. Today, the Nikkei 225 index is trading 0.2% lower at 28,169.0, while the Kospi index is trading 1.2% higher at 2,951.6. Yesterday, the Hang Seng index fell 1.4% to close at 24,962.6
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UK Markets Finished lower yesterday, amid concerns over rising inflation and slowdown in economic growth. IP Group dropped 5.2%, after the company announced that the departure of its Chief Executive Alan Aubrey and Chief Investment Officer Mike Townend with immediate effect. Imperial Brands fell 3.8%, even though the company forecasted that its full year results would be in line with expectations. Homeserve shed 3.2%, after a top broker downgraded its rating on the stock to ‘Underperform’ from ‘Outperform’. On the other hand, PageGroup climbed 7.8%, after the recruiter raised its operating profit outlook for the full year, citing a jump in third quarter profit. Tesco advanced 6.0%, after the supermarket chain upgraded its annual earnings guidance and launched a £500.0 million share buyback program. The FTSE 100 slipped 1.2%, to close at 6,995.9, while the FTSE 250 fell 1.5%, to end at 22,386.6. . European Markets Closed lower yesterday, amid concerns over inflation and higher interest rates. TeamViewer plunged 24.9%, after the company slashed its annual guidance and reported disappointing third quarter results. Deutsche Telekom dropped 5.4%, following news that Goldman Sachs sold shares worth €1.58 billion in a SoftBank structured finance deal. Ferrexpo fell 4.6%, even though the company reported a rise in its total iron ore pellet production in the third quarter. Thales shed 1.7%, after the technology company signed a strategic partnership deal with Google to co-develop a sovereign hyperscale cloud offering for France. The FTSEurofirst 300 index slipped 1.0%, to close at 1,747.3. Among other European markets, the German DAX Xetra 30 fell 1.5%, to close at 14,973.3, while the French CAC-40 dropped 1.3%, to settle at 6,493.1. . US Markets Went higher yesterday, amid optimism about a US debt-ceiling deal. Palantir Technologies rose 1.6%, after the company secured a contract worth $823 million from the US Army to deliver its intelligence data fabric and analytics foundation with the help of its Gotham operating system. On the flipside, Manchester United declined 13.7%, following news that Glazer family, which controls the soccer club, announced a 9.5 million share offering. Seagate Technology dropped 5.3%, after a top broker downgraded its rating on the stock to ‘Equal Weight’ from ‘Overweight’. CDW fell 4.7%, following a rating downgrade on the stock to ‘Equal Weight’ from ‘Overweight’. General Motors shed 0.8%, even though the automaker announced plans to double its annual sales to $280.0 billion by 2030. The S&P 500 gained 0.4%, to settle at 4,363.6. The DJIA rose 0.3% to settle at 34,417.0, while the NASDAQ advanced 0.5%, to close at 14,501.9. . Asian Markets We’re trading higher this morning, tracking overnight gains on Wall Street. In Japan, AGC and Hino Motors have advanced 3.5% and 4.3%, respectively. Meanwhile, ENEOS Holdings and Aeon have dropped 3.2% and 3.9%, respectively. In Hong Kong, Xiaomi and Alibaba Group Holding have risen 3.2% and 5.6%, respectively. Meanwhile, China Resources Land and PetroChina have fallen 0.3% and 3.9%, respectively. In South Korea, Mhethanol and Ascendio have climbed 9.4% and 19.1%, respectively. Meanwhile, SGC Advanced Materials and LX International have declined 5.6% and 11.7%, respectively. The Nikkei 225 index is trading 1.7% higher at 27,990.3. The Hang Seng index is trading 2.4% up at 24,531.0, while the Kospi index is trading 1.6% higher at 2,954.7.
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LexinFintech Holdings Ltd. is a leading online consumption and consumer finance platform for new generation consumers in China. The Company provides a range of services including financial technology services, membership benefits, and a point redemption system through its ecommerce platform Fenqile and membership platform Le Card. The Company works with financial institutions and brands both online and offline to provide a comprehensive consumption ecosystem catering to the needs of young professionals in China. Lexin utilizes advanced technologies such as big data, cloud computing and artificial intelligence throughout the Company's services and operations, which include risk management, loan facilitation, and the near-instantaneous matching of users' funding requests with offers from the Company's many funding partners.
CEO: Wenjie Xiao
HQ: 23-27F, CES Tower, No.3099 Keyuan South Road, Technology Park, Nanshan District Shenzhen, 518052 Guangdong