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The HSI ended the midday down 404 points or 1.7% at 23,022. The HSCEI dropped 126 points or 1.5% to 8,479. The HSTECH slipped 168 points or 3.1% to 5,338.Among tech stocks, BABA-W (09988.HK), TENCENT (00700.HK), JD-SW (09618.HK), and BIDU-SW (09888.HK) slid 2.8-3.9%. XIAOMI-W (01810.HK), BILIBILI-W (09626.HK), and KUAISHOU-W (01...
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HUA HONG SEMI (01347.HK) announced its FY2024 results, reporting sales revenue of USD2.004 billion, a YoY decline of 12.3%, and gross profit of USD205 million, down 57.9%.It recorded a net profit of USD58.11 million, down 79.2%, with EPS at USD34 cents. No final dividend was declared, compared to HKD16.5 cents per share in the s...
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Senior foreign officials and mega tech companies are urging the US government to reconsider its global chip strategy as the US is preparing to launch a controversial framework to monitor global AI development, which will limit the number of AI processors that can be exported to most countries, Bloomberg reported, citing sources....
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BOCOM International published a report listing the top 10 net buys through the Southbound Stock Connect last week:Shares│Net Buys (HKD)│Latest Position│Changes from Last WeekBABA-W (09988.HK) │ 12.58 billion │ 7.3% │ 0.5%KUAISHOU-W (01024.HK) │ 2.55 billion │ 12.8% │ -0.1%TEN...
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UBS Wealth Management APAC's Chief Investment Office issued a report expecting Asian economies to work towards an agreement with the US, in which case the cumulative impact of tariffs on the region's GDP would be in the range of around 50-100 bps. In a risk scenario of no deal, wide tariff hike or a significant slowdown ...
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