GX MSCI CHINA-U(09040.HK)

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GX MSCI CHINA-U
09040.HK
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Hong Kong stock market intraday | The three major Hang Seng indices corrected, with the semiconductor sector leading the gains, and SMIC rose by 2.01%

The three major indices of the Hong Kong stock market all retreated during the session, with the Hang Seng Index and the Hang Seng Tech Index failing to break through the highs of the previous two trading days, leading to a cautious market sentiment. Mainstream consumer and internet content sectors were generally under pressure, with Tencent Holdings, Alibaba, and JD.com all recording declines. Funds flowed into high-growth sectors, with semiconductor manufacturers performing prominently; SMIC rose by 2.01%, and Hua Hong Semiconductor increased by 4.14%. Stocks like BRAINAURORA-B and GENFLEET-B surged strongly. The overall market style showed significant differentiation, with the top stocks by trading volume primarily consisting of technology and financial heavyweights

Market Heartbeat·
HK
09988
-1.78%
Market Heartbeat·
HK
09988
-1.78%

Bitget Wallet's RWA section has added popular Chinese concept stocks such as Pinduoduo and Li Auto, along with a total of 98 new tokenized assets.

Bitget Wallet has expanded its RWA spot trading platform to include 98 new tokenized assets, featuring popular Chinese concept stocks like Pinduoduo and Li Auto. Users can now trade these assets directly within their wallets, alongside on-chain silver futures. This expansion aims to enhance accessibility for crypto users looking to allocate US stocks and commodities, thereby enriching on-chain trading options.

CoinLive·
US
PDD
-1.38%
CoinLive·
US
PDD
-1.38%

Lei Jun: The Xuanjie O1 team won the highest award of the million-dollar technology award

Lei Jun announced that Xiaomi's first major event each year is to award a ten million technology prize, aimed at rewarding outstanding engineers and teams. Since 2020, it has been awarded 6 times, with a total reward of 75 million yuan. This year's grand prize had 154 projects participating, with fierce competition, covering core technologies such as chips, mobile phones, automobiles, AI, and materials. Ultimately, the Xuanjie O1 team won the highest award

Wallstreetcn·
US
XIACY
-1.70%
HK
01810
-1.57%
Wallstreetcn·
US
XIACY
-1.70%
HK
01810
-1.57%

Lei Jun: Now, whenever I hear the word 'marketing', I feel a bit nauseous

Xiaomi Corporation founder Lei Jun discussed the price increase of the new generation SU7 during a live broadcast, stating that due to rising costs, they cannot increase quantity without raising prices, and he hopes for understanding from netizens. He expressed his aversion to small-character marketing, believing that marketing is a neutral term but has led to misunderstandings about Xiaomi's image as a technology company. He mentioned that being called a "marketing master" is a misunderstanding and hopes the marketing industry receives the respect it deserves. Lei Jun also addressed the issue of losing over 200,000 followers, stating that this is just a 0.6% change, caused by poor conditions and fewer video updates

Wallstreetcn·
US
XIACY
-1.70%
HK
01810
-1.57%
Wallstreetcn·
US
XIACY
-1.70%
HK
01810
-1.57%

Alibaba Group (NYSE:BABA) Stock Price Down 2.8% on Analyst Downgrade

Shares of Alibaba Group (NYSE:BABA) fell 2.8% after Freedom Capital downgraded the stock from a strong-buy to a hold rating. The stock traded as low as $146.61, with a volume decline of 10% from the average. Despite this, analysts have mixed views, with some maintaining buy ratings and target prices around $195. Recent developments include positive sentiment around AI product growth and concerns over legal risks. Institutional investors have increased their stakes, owning 13.47% of the company.

Market Beat·
US
BABA
-2.75%
HK
09988
-1.78%
Market Beat·
US
BABA
-2.75%
HK
09988
-1.78%
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