Reports indicate $Apple (AAPL.US)$ is in talks with $TENCENT (00700.HK)$ and $ByteDance (FT0001)$ for AI model partnerships. Tencent declined to comment, and ByteDance has yet to respond. Apple is also reportedly discussing integrating Zhipu’s AI models into iPhones sold in China.

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Morgan Stanley’s China Chief Economist Xing Ziqiang emphasized that while monetary easing can stabilize expectations, robust fiscal policies, such as strengthening social security reforms, are essential to address structural issues like low consumption rates.
$KraneShares CSI China Internet ETF (KWEB.US)$ $NASDAQ Golden Dragon China (.HXC.US)$ $BABA-W (09988.HK)$ $TENCENT (00700.HK)$ $XIAOMI-W (01810.HK)$

$Dow Jones Industrial Average (.DJI.US)$rebounded over 400 points intraday but gave up most gains, narrowly ending its historic losing streak. $S&P 500 Index (.SPX.US)$ and $Nasdaq Composite Index (.IXIC.US)$ opened higher but reversed lower. $NVIDIA (NVDA.US)$rose over 1%, snapping a four-day losing streak, while $Tesla (TSLA.US)$ turned negative after an early 4% jump. $Micron Technology (MU.US)$plummeted 16% due to weak guidance.
Following the Fed’s hawkish rate cut, the 2-year/10-year Treasury yield spread widened to a 2.5-year high, with th...

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$BABA-W (09988.HK)$ hopeless

$BABA-W (09988.HK)$ struggling to stay above $80.