Hang Seng Tech Index tumbled over 4% intraday, dragged down by Alibaba’s 8.5% plunge, which soured sentiment across the entire sector.
Poor Minimax (-10.1%) and Z.AI (-10.8%) also got hit hard, both down double digits today😭
HSI Down 492 pts; HSTI Down 172 pts; BABA Down over 8%; XIAOMI Down over 4%; TENCENT Down over 3%; OOIL, TS LINES Hit New Highs; Market Turnover Rises
HSI Down 544 pts; HSTI Down 183 pts; BABA Down over 9%; XIAOMI Down over 4%; TENCENT Down over 3%
HSCEI Constituents Unchanged in Quarterly Review; HSTECH To Add ILUVATAR COREX, Oust TONGCHENGTRAVEL
HSI Closes Midday at 25,883, Up 184 pts; HSTI Closes Midday at 4,724, Up 23 pts; PING AN Up over 3%; XIAOMI Up over 3%; BABA Down over 3%; OOIL, CLP HOLDINGS, PACIFIC BASIN, TS LINES, CHINAGOLDINTL Hit New Highs
HSI Closes at 25,698, Up 203 pts; HSTI Closes at 4,700, Up 18 pts; SINO BIOPHARM Up over 12%; OOIL, TINGYI, GENSCRIPT BIO, CHINAGOLDINTL, SITC Hit New Highs; Market Turnover Rises
HSI Up 291 pts; HSTI Up 72 pts; XIAOMI Up over 3%; WUXI BIO, WUXI APPTEC, BEIGENE, OOIL, TINGYI Hit New Highs
Hang Seng Tech Index tumbled over 4% intraday, dragged down by Alibaba’s 8.5% plunge, which soured sentiment across the entire sector.
Poor Minimax (-10.1%) and Z.AI (-10.8%) also got hit hard, both down double digits today😭
US-Canada trade talks collapsed Friday, and new 50% tariffs on roughly $20B of Canadian goods took effect over the weekend, with Ottawa vowing to match them dollar-for-dollar; another round looms Tues...
The Hang Seng Tech expansion from 50 to 50 stocks reduced concentration risk, dropping top 10 weightage. It will boost AI and hardware exposure while capturing fast-scaling mid-caps via revenue grow selection. Crucially, the shift would trigger passive capital inflows, driving stronger market liquidity.
US-Canada trade talks collapsed Friday, and new 50% tariffs on roughly $20B of Canadian goods took effect over the weekend, with Ottawa vowing to match them dollar-for-dollar; another round looms Tues...
Earning season giving more opportunities to all of us
$Alibaba(BABA.US)reports its June quarter — FY2027 Q1 — before the US open on Thursday, 20 August, landing around 19:30 SGT.If you follow China tech, this is the one you have been waiting for. The who...