HSI Opens Down 278 pts; BABA-W Dives 3%; TENCENT Down Over 1%
AASTOCKS News·- Escalating tensions in the Middle East and declines in Alphabet Inc. and Tesla, Inc. shares led to a drop of 1% to 2% in major US stock indices. - The Hang Seng Index opened down 1.1%, with notable declines in leading tech stocks such as Alibaba and Tencent. - Despite the broader market downturn, Brent oil prices rose above USD 100 per barrel, boosting some oil stocks, while resource and metal stocks fell significantly.HSI Opens Up 7 pts; BABA-W Opens ~2.7% Higher; Chip & AI Concept Stocks Advance
AASTOCKS News·- The three major Hong Kong stock indices opened slightly changed, with the HSI up 0.03% at 25,150. - BABA-W rose 2.65% to HKD119.9 despite a fine from the European Union, while technology stocks like LENOVO GROUP saw significant gains, with a 3.83% increase. - AI concept stocks also experienced a rebound, highlighted by Z.AI's increase of 9.04% amid robust short selling activities.