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MARKETS LIVE BLOG:

STOCK FUTURES SLIDE AFTER META'S REALITY CHECK, WITH GDP ON DECK

Owner of Facebook and Instagram plans to spend up to US$10B on AI infrastructure investments

Wall Street Fundamentals Releases New In-Depth Stock Reports on FENG, GOMO, SOHU and XIN

ACCESSWIRE

Asian markets rose Tuesday after data on Chinese manufacturing activity showed improvement. The Shanghai Composite Index gained 0.7 percent, while Hong Kong's Hang Seng Index gained 0.8 percent. China's official purchasing managers' index for March increased slightly to 50.3 from a reading of 50.2 in February. "Today's [official] PMI data would come as a relief for policymakers, as it suggests that the economy is not slowing as quickly as the PMIs indicated earlier," said Jian Chang, chief China economist at Barclays in a note. Here is how some Chinese-based equities reacted Tuesday:

Phoenix New Media Ltd. (NYSE:FENG - News) shares traded in the range of $10.45 to $11.02 Tuesday before settling to close at $11.02, an increase of 6.27 percent. The stock appears to be facing some resistance at the $11.13 and $11.56 levels with some support at $10.84 and $10.56. Shares of Phoenix New Media are up approximately 15.0 percent year-to-date.

More information on Phoenix New Media and access to the free equity report can be found at:
www.WallStreetFundamentals.com/FENG

Sungy Mobile Ltd. (NASDAQ:GOMO - News) shares traded in the range of $21.26 to $25.00 Tuesday before settling to close at $24.74, an increase of 18.32 percent. The stock appears to be facing some resistance at the $24.75 and $27.05 levels with some support at $20.10 and $16.10. Shares of Sungy Mobile are up approximately 20.0 percent year-to-date.

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More information on Sungy Mobile and access to the free equity report can be found at:
www.WallStreetFundamentals.com/GOMO

Sohu.com Inc. (NASDAQ:SOHU - News) shares traded in the range of $64.92 to $66.53 Tuesday before settling to close at $66.08, an increase of 1.52 percent. The stock appears to be facing some resistance at the $66.61 and $70.59 levels with some support at $63.30 and $60.99. Shares of Sohu.com are dwon approximately 10.0 percent year-to-date.

More information on Sohu.com and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SOHU

Xinyuan Real Estate Co., Ltd. (NYSE:XIN - News) shares traded in the range of $5.04 to $5.15 Tuesday before settling to close at $5.10, an increase of 0.99 percent. The stock appears to be facing some resistance at the $5.24 and $5.47 levels with some support at $4.91 and $4.50. Shares of Xinyuan Real Estate are down approximately 5.0 percent year-to-date.

More information on Xinyuan Real Estate and access to the free equity report can be found at:
www.WallStreetFundamentals.com/XIN

Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.

Activate your always free membership by signing up at www.WallStreetFundamentals.com today.

Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

Contact:
Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com