Asian Markets Rise, South Korean Stocks Rise Ahead of US CPI Report

China’s tourism receipts still well below 2019 levels, data show

Domestic tourism receipts for the Mid-Autumn Festival reached 28.68 billion yuan ($4.16 billion), just 60.6% of pre-pandemic levels in 2019, according to official data.

Revenue has remained below 2019 levels since the pandemic hit in early 2020.

Movie ticketing site Maoyan showed box office for the long weekend was 370 million yuan ($53.44 million), the lowest since 2017.

Meanwhile, online purchases held up in terms of value, according to data from China’s postal authority.

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–Evelyn Chen

Ramsay Health Care shares plunge 14% after takeover talks hit snag

australian hospital operator Ramsay Health Care’s shares fell as much as 14.6% after the company Announced a KKR-led consortium “is not in a position to improve the terms” of a takeover proposal.

Ramsay Health rejected the proposal earlier this year, saying the offer was “significantly lower”.

The company’s shares subsequently recovered slightly, but were still down 11%.

— Abigail from

Nio jumps over 20% at open after Deutsche Bank report

Hong Kong-listed shares of Chinese electric vehicle maker child jumped as much as 21% at the open following a bullish report from Deutsche Bank.

Reiterating his buy rating, analyst Edison Yu made minor changes to forecasts and said Nio remains Deutsche Bank’s top China EV pick in a note dated Sept. 12.

“The company’s efforts around user experience, battery sharing, overseas expansion, and in-house battery cell development are greatly underestimated and will eventually show clear differentiation as the local Chinese market becomes increasingly competitive,” Yu wrote.

The company’s shares were 17% higher.

jihye lee

CNBC Pro: Forget oil: Coal is hot right now. Here are 2 actions to play it, according to the pros.

Coal mining in Wyoming.

Brian Brainerd | The Denver Post | fake images

Coal prices are at record highs and market watchers expect prices to rise further as a global energy crisis looms.

“It’s almost as if any or all companies are a buy,” analyst Peter O’Conner said of the burgeoning coal sector, revealing his favorite stocks.

CNBC Pro subscribers can read more here.

—Zavier Ong

Nintendo shares surge 5% ahead of games announcement livestream

Squid Game-related stocks jumped 10% at the open on Emmy hopes

Bucket Studio Co.which has a stake in a private company representing “Squid Game” lead actor Lee Jung-jae, jumped more than 10% as the show scored a historic win in the drama series race.

Shares of the company jumped more than 20% immediately after Netflix published in June a letter from the managerHwang Dong-hyuk, announcing that the series will return for a second season.

Other content-related stocks, CJ ENM and CJ CGV, were also up more than 2.5% in the morning session, and Showbox was up 1.5%.

-Jihye Lee

CNBC Pro: Do ​​you want to invest in real estate? These REITs are among the favorites of analysts

Real estate investment trusts, or REITs, are returning to the spotlight after a volatile year for many asset classes.

Analysts at Morgan Stanley and Citi single out REITs in two sectors that they say could outperform the broader market and remain resilient in a downturn.

CNBC Pro subscribers can read more here.

— Weizhen Tan

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