HSI Closes Down 87 Pts as BIDU-SW Rises Over 5% Against Market; Chip, Optical Communication and PCB Stocks Rally
HSI Closes at 25,565, Down 87 pts; HSTI Closes at 4,620, Down 5 pts; XIAOMI Down over 3%; TS LINES, H&H INTL HLDG Hit New Highs; Market Turnover Rises
Asia markets mixed as Nvidia outlook offsets U.S. inflation concerns
HSI Reverses to Fall 108 Pts at Half-day; BIDU-SW Surges Over 6%; AI Large Model & Hardware Stocks Rally; KB LAMINATES Jumps 9.5%
HSI Closes Midday at 25,544, Down 108 pts; HSTI Closes Midday at 4,634, Up 8 pts; HANSOH PHARMA Up over 14%; TS LINES, H&H INTL HLDG Hit New Highs
HSI Opens Up 121 Pts; BIDU-SW Rises Over 3%; MINIMAX-W Jumps 5% After Results
Nvidia trades increase. Followed by the increase of Salesforce, Okta, Crowdstrike. Credit quality of local banks are healthy. Good profit results for SingPost and ComfortDelGro.
Hang Seng and WTI shares lower.
Hope situations will improve for the better.
Nvidia's $108B guide lifted software with it, but PCE at 3.7% leaves Friday's Warsh keynote deciding the week. Singapore's quieter number: core inflation at a 21-month high of 2.0%.
US Market’s shares fell whereas 30-year & 10-year Treasury yields, Strategy and Coinbase, SK Hynix, shares rose.
Alibaba’s net income fell, but Cloud+AI revenue, Micron Tech, and Lumentum rose.
Singapore market’s shares decrease. However Hang Seng, Zijin Mining, and YOFC Hong Kong shares increase.
Hope all can improve well
Two of the week's biggest stories unwound Thursday: Walmart crashed 9% as US sales growth hit its slowest pace since 2020, and Moderna gave back almost all of Wednesday's record surge, its worst day e...
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