Asia Markets Gains, Hong Kong Soars on AI Hype, China Stimulus Cheer
Express News | Hong Kong Stocks Trade Higher. Hang Seng Index Rises 2%, Hang Seng TECH Index Up 3%. Alibaba Soars Over 5%, Leading the Technology Sector, Tencent Rises 3%, $BIDU Surges Near 9%
Cathie Wood Dumps Over $7 Million Worth Of Meta Shares As Mark Zuckerberg's Social Empire Faces Privacy Heat — Ark Sells Block Shares Again
How to grasp the main line in a volatile market? Technology and Consumer dual-driven may be key.
Yesterday, the market fluctuated throughout the day, with a single-day transaction volume shrinking by over 200 billion. After experiencing last Friday's significant rise in volume, the Index's decline in volume and retracement is also reasonable, and the subsequent view will still lean towards a fluctuating upward structure.
U.S. Tech Stocks Are in Correction Territory... History Says This Happens Next
Despite the pressure from weak retail, U.S. stock indices rebounded over two days, but Tesla and NVIDIA declined. Quantum computing stocks continued to rise sharply, and Chinese concept stocks strengthened, with Baidu up 9%.
Tesla closed down nearly 5%, NVIDIA fell nearly 2%; Intel rose nearly 7%; quantum computing stock ARQQ rose 57%; the China Concept Index rose 4%, and Alibaba increased by over 4%. After U.S. retail sales, the two-year U.S. Treasury yield reached a two-week high. The USD briefly approached a five-month low. Crude Oil Product rebounded over two days. Gold futures reached a historic high over three days, having briefly turned to decline during the session.
The largest acquisition in Google's history is nearing completion! Media reports indicate a $30 billion acquisition of the cybersecurity startup Wiz.
According to informed sources, Google's parent company Alphabet plans to acquire the cybersecurity startup Wiz for about 30 billion dollars and is currently in deep negotiations.
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