Hong Kong Stocks Rebound on Tech Rally
Trading Economics·- The Hang Seng Index rose 1.5 % to 25,490 on Monday, driven by a recovery in technology stocks after four consecutive sessions of decline. - SenseTime surged approximately 8.2 % following its forecast of a first-half profit ranging from RMB 500 million to RMB 700 million, while Transsion Holdings received clearance for its Hong Kong listing to issue up to 132 million H-shares. - Investors maintained caution regarding geopolitical risks and oil prices while awaiting upcoming Chinese economic data.Even Meta Is Left Behind: SpaceX Shatters IPO Records
FiNews·- SpaceX raised $75 billion by selling approximately 555.6 million shares at $135 each, marking the largest IPO by proceeds. - The company is now valued at $1.77 trillion, surpassing Tesla's worth, and is set to begin trading under the ticker SPCX. - Despite a reported loss of $4.94 billion last year, SpaceX's revenue from the Starlink service highlights its potential in the evolving space industry.