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Hong Kong stocks movement | Petroleum stocks continue to decline as OPEC decides to increase production as scheduled. In the short term, oil prices are still affected by tariffs and other factors.
The Petroleum stocks collectively declined. As of the time of writing, China Oilfield Services (00883) dropped 3.02%, priced at 17.32 HKD; PetroChina (00857) fell 2.41%, priced at 5.68 HKD; China Oilfield Services (02883) decreased 1.74%, priced at 6.23 HKD.
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Hong Kong stock morning report | Alibaba will invest over 50 billion USD in AI over the next three years. JD.com will bear all costs of five social insurance and one housing fund for delivery riders.
① The draft of the Private Economy Promotion Law's second review proposes to add a provision that prohibits implementing fines without a legal basis. ② Tesla is reportedly preparing to update its Software in China to deploy the FSD feature, which will be launched in batches for different vehicle models. ③ Apple announced that it will invest 500 billion dollars in the U.S. to respond to the tariff threats from Trump. ④ JD.com Group: All costs related to the five insurances and one fund for delivery riders will be fully borne by JD.com.
