China Southern CSI Communication Service ETF(159511.SZ)

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China Southern CSI Communication Service ETF
159511.SZ
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China Stocks Stall After Strong Rally

The Shanghai Composite fell 0.5% to 4,084 and the Shenzhen Component dropped 0.15% to 14,011, marking a pause in the strong rally that had driven indexes to multi-year highs. This rally was fueled by optimism in China's AI and high-tech sectors, alongside expectations for policy support. Despite the decline, trading turnover remained high, exceeding the five-year daily average, indicating strong investor interest. Technology stocks led the decline, with notable drops from companies like Zhongji Innolight and Luxshare Precision.

Trading Economics·
SZ
300308
+1.50%
Trading Economics·
SZ
300308
+1.50%

China Stocks Mixed as Geopolitical Risks Weigh

China's stock market showed mixed results as the Shanghai Composite fell 0.2% to below 4,080, while the Shenzhen Component rose 0.3% to 14,070. Geopolitical tensions, particularly China's export controls on military-use products to Japan, affected investor sentiment. Defense stocks suffered losses, with China Spacesat down 5.6%. In contrast, technology and AI-related shares performed well, with Zhongji Innolight gaining 2.8% and BlueFocus Intelligent rising 7%.

Trading Economics·
SZ
300308
+1.50%
SZ
300058
+20.02%
Trading Economics·
SZ
300308
+1.50%
SZ
300058
+20.02%

China’s telecoms giants bet on AR smart glasses with major investment in RayNeo

Chinese smart glasses maker RayNeo has secured funding from major state telecommunications operators, including subsidiaries of China Unicom and China Mobile. This investment marks a strategic entry into the smart glasses sector, coinciding with the debut of RayNeo's AR glasses at CES. The funding, reportedly exceeding 1 billion yuan (US$143 million), will enhance RayNeo's product development through improved eSIM management and 5G networks. The new RayNeo X3 Pro Project eSIM glasses allow for independent functionality, enabling features like streaming music and real-time translation without smartphone dependency.

南华早报·
SH
600050
+1.29%
南华早报·
SH
600050
+1.29%

China Unicom's Unit To Invest In Innovation Fund

China United Network Communications Ltd :SAYS UNIT PLANS TO INVEST 1 BILLION YUAN ($141.90 million) IN INNOVATION FUND($1 = 7.0470 Chinese yuan renminbi)

Reuters·
SH
600050
+1.29%
Reuters·
SH
600050
+1.29%

"Doubao Mobile Assistant" embedded in ZTE mobile system can execute commands across different apps or trigger a seismic shift in the internet industry

ByteDance launched the preview version of "Doubao Mobile Assistant," embedded in ZTE's mobile system, capable of executing complex commands across applications, which may trigger upheaval in the internet industry. Doubao may compete for internet application entry points through underlying permissions and simulated operation paths. Although there are no plans for self-developed mobile phones, Doubao is negotiating cooperation with multiple manufacturers. Cathay Securities and Soochow Securities believe that the Doubao large model will promote the development of mobile AI, potentially triggering a new wave of phone upgrades

Stheadline·
NA
BYTED
0.00%
SZ
000063
+5.49%
HK
00763
+4.69%
Stheadline·
NA
BYTED
0.00%
SZ
000063
+5.49%
HK
00763
+4.69%
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