The$Hang Seng TECH Index (800700.HK)$soared to its highest level since February 2022 last Friday. Despite ongoing volatility in U.S. tech stocks, the index has surged by 23.08% since the start of the year. Leading the charge are the 'Terrific Ten,' a group of major Chinese tech firms including$Tencent (TCEHY.US)$,$Alibaba (BABA.US)$, and$SMIC (00981.HK)$, which have outpaced the Magnificent 7 in gains since early 2024. F...
In a strategic move to reinforce China's technological leadership, President Xi Jinping is set to convene a pivotal symposium on Monday in Beijing, bringing together the nation's foremost tech entrepreneurs. This assembly not only underscores China's unwavering dedication to innovation but also presents a compelling invitation for global investors to engage with the dynamic Chinese tech sector. 🌟A Convergence o...
Stocks to Watch Walt Disney Co (DIS US)$Disney (DIS.US)$ Daily Chart -[BEARISH ↘ **] DIS US shaped a bearish breakdown. As long as price is holding below 108.64 resistance, a further drop towards the 101.35 support is expected. Technical indicators are advocating for a bearish scenario with the MACD showing a build up in bearish momentum. Alternatively: A daily candlestick closing above 108.64 resistance will invalidate bearish view and open a push higher toward...
$NTES-S (09999.HK)$ Game release - Marvel Rivals hit 10mil players shortly after release and 20mil players within 2wks later. Steam stats displays constant active players in the meantime. Meanwhile Overwatch hit lowers active player count upon Marvels Rival release. Its game on time for Netease to be consistent as they always do (marketing, events, battle passes), and a healthy line up of new games to be released in the next few days and months ahead.
WayneTheBoon
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I’ve been saying this for years that Nio is not primary listed in HK so it’s doesn’t get investments from the mainland, but no one listens
Cut RRR by 100bps to 9.5% Cut LPR by 35bps to 3.1% Cut interbank rates 8bps to 1.744% Approved $1.4T in additional debt Approved $1.4T in local govt debt swap Approved $838B in additional local govt debt issuance Cut rates on $5.3T of outstanding mortgages Reduced the downpayment on new and 2nd hand home purchases from 25% to 15% Approved tens of billions in loans to financial institutions and listed firms for share buybacks Yes, they have been working to stimulate ...
According to Bloomberg, China will convene its annual Economic Work Conference on Wednesday, anticipated to last for two days. This conference is a pivotal event at the end of each year, focusing on establishing the economic agenda for 2025. Earlier, top leadership indicated more forceful stimulus amid the threat of a potential trade war with the US. Should the Central Economic Work Conference convey a significantly ...
China convened its annual Economic Work Conference on Wednesday and Thursday. This conference is a pivotal event at the end of each year, focusing on establishing the economic agenda for 2025. Earlier, top leadership indicated more forceful stimulus amid the threat of a potential trade war with the US. What does the Central Economic Work Conference discuss? The conference typically comprises two main components: evaluating the...
HK Tech and Internet Stocks HK Tech and Internet Stocks
Stocks of companies primarily involved in technology and internet sectors in the HK stock market.Information is provided by Futu and is a non-exhaustive list of all thematic stocks for reference purposes only.
This section presents the top 5 stocks in HK Tech and Internet Stocks, ranked from highest to lowest based on real-time market data. Stocks of companies primarily involved in technology and internet sectors in the HK stock market.Information is provided by Futu and is a non-exhaustive list of all thematic stocks for reference purposes only.
This section presents the top 5 stocks in HK Tech and Internet Stocks, ranked from highest to lowest based on real-time market data.
NTES-S Stock Forum
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🌟A Convergence o...
Walt Disney Co (DIS US) $Disney (DIS.US)$
Daily Chart -[BEARISH ↘ **] DIS US shaped a bearish breakdown. As long as price is holding below 108.64 resistance, a further drop towards the 101.35 support is expected. Technical indicators are advocating for a bearish scenario with the MACD showing a build up in bearish momentum.
Alternatively: A daily candlestick closing above 108.64 resistance will invalidate bearish view and open a push higher toward...
Game release - Marvel Rivals hit 10mil players shortly after release and 20mil players within 2wks later.
Steam stats displays constant active players in the meantime.
Meanwhile Overwatch hit lowers active player count upon Marvels Rival release. Its game on time for Netease to be consistent as they always do (marketing, events, battle passes), and a healthy line up of new games to be released in the next few days and months ahead.
I'm talking about you $JD.com (JD.US)$ $JD-SW (09618.HK)$ $NIO Inc (NIO.US)$ $NIO Inc. USD OV (NIO.SG)$ $NIO-SW (09866.HK)$ $NTES-S (09999.HK)$ $NetEase (NTES.US)$ $Trip.com (TCOM.US)$ $Baidu (BIDU.US)$ $BIDU-SW (09888.HK)$
Private pension funds in China will be able to invest in Index Funds - many of which hold Stock Connect eligible companies.
$BABA-W (09988.HK)$ $TENCENT (00700.HK)$ $XIAOMI-W (01810.HK)$ $MEITUAN-W (03690.HK)$ $BILIBILI-W (09626.HK)$ $NTES-S (09999.HK)$
Cut LPR by 35bps to 3.1%
Cut interbank rates 8bps to 1.744%
Approved $1.4T in additional debt
Approved $1.4T in local govt debt swap
Approved $838B in additional local govt debt issuance
Cut rates on $5.3T of outstanding mortgages
Reduced the downpayment on new and 2nd hand home purchases from 25% to 15%
Approved tens of billions in loans to financial institutions and listed firms for share buybacks
Yes, they have been working to stimulate ...
What does the Central Economic Work Conference discuss?
The conference typically comprises two main components: evaluating the...
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