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Is Kingsoft Cloud (KC) Outperforming Other Computer and Technology Stocks This Year?
[Hong Kong Stock Connect] Kingsoft Cloud (03896) rose by 6.86%. UBS Group pointed out that its potential development opportunities in AI Business are still underestimated by the market.
Jinwu Finance | Kingsoft Cloud (03896) stock price is rising, up 6.86% as of the time of publication, reported at 5.14 HKD, with a transaction amount of 0.261 billion HKD. It is important to note that the stock has increased by over 240% since early November. In news, UBS Group published a Research Report indicating that Kingsoft Cloud benefits from AI development and the support of the Kingsoft ecosystem. Kingsoft Cloud's third quarter performance was robust, exceeding market expectations, which helps enhance investor expectations for its revenue and profit recovery. UBS Group has upgraded Kingsoft Cloud's rating from "Neutral" to "Buy," noting that its stock price has risen more than 100% since the beginning of the year, but the outlook remains optimistic.
China Central Economic Work Conference: A Key Indicator for Future Market Trends
Statistics on the changes in the proportion of Zhitong Hong Kong Stock Connect | December 11.
Statistics of significant changes in the Hong Kong Stock Connect proportion | December 10, 2024
Tonight, Chinese concepts soared! The nasdaq Golden Dragon index surged by 10%, while fangdd network doubled directly.
Some analysis indicates that the Political Bureau meeting first mentioned stabilizing the stock and real estate markets, and the US stock market quickly rallied on china assets. The 3x Long FTSE china etf surged over 26%, the 2x Long china internet plus-related stocks rose over 22%, the 2x Long FTSE china 50 ETF increased over 17%, and the 2x Long 300etf gained nearly 15%.
China Will Adopt a "Moderately Accommodative" Monetary Policy in the Next Year, The First Shift to Easing Since 2011
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