Techs Boom

For techs, $BABA-SW (09988.HK)$ added 0.3% to $73.2, while TENCENT picked up 0.2% to $340. $MEITUAN-W (03690.HK)$ , $XIAOMI-W (01810.HK)$ , $BIDU-SW (09888.HK)$ , $NTES-S (09999.HK)$ and $BILIBILI-W (09626.HK)$ climbed 0.5-1.3%, while $SENSETIME-W (00020.HK)$ jumped 1.2%. Brokers said that SENSETIME-W's "SenseNova 5.0" foundation model outperforms GPT-4 Turbo in Chinese context. $ZTE (00763.HK)$ gained 0.7% to $16.28 after it reported a growth of 3.7% in 1Q24 net profit.