Market Chatter: Rumors About Layoffs at Tencent Unit Baseless, Representative Confirms

MT NewswiresOct 31 08:50 ET

[Brokerage Focus] Guoyuan International believes that the investment targets in the internet-related sector should still focus on game globalization, AI scenario implementation, and the recovery of cloud computing service demand.

Jingu Financial News | Guoyuan International stated that overall, as the valuation of the Hong Kong stock market has been partially restored, the large cap market has started to consolidate after the previous sharp rise. Currently, there is a growing wait-and-see sentiment among investors, and the trading volume of Hong Kong stocks continues to shrink. However, the bank believes that the valuation is currently rebuilding its foundation. On a macro level, as the current economic data indicates weak economic recovery momentum, market funds are awaiting further policy implementation. In the future, if positive factors emerge, such as improvement in macroeconomic data, bullish policies being implemented, and improvement in corporate performance, it may trigger a new round of market rebound. The bank believes that the current internet sector investment...

King Guard Financial NewsOct 30 03:33 ET

Tencent-Backed Airwallex Seeks Funding, Eyes $6 Billion Value

BNN BloombergOct 30 02:03 ET

A 55-year Journey: From the Internet's Birth to Google, AMZN & META Alone Worth $5T

Seeking AlphaOct 29 18:00 ET

Tencent Shuts Down Layoff Rumors While Announcing Major Leadership Shake-Up

BenzingaOct 29 15:03 ET

4 Communication Services Stocks to Buy on Fed Rate Cuts

Zacks Oct 29 08:15 ET