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21.08.26 - 17:48
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Alibaba Sinks 7% as a 75% Capex Surge Swallows 45% Cloud Growth; Baidu Ticks Up (24/7 Wall St.)
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Friday's action in Chinese internet stocks is an Alibaba-specific repricing, not a sector selloff. The proof sits with peers, where the benchmark ETF and largest e-commerce competitors are barely moving while Alibaba absorbs the reaction to its AI infrastructure bill. Alibaba (NYSE:BABA) stock is down 7% to $121.17 in Friday morning trading, reversing Thursday's rally ... Alibaba Sinks 7% as a 75% Capex Surge Swallows 45% Cloud Growth; Baidu Ticks Up...
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21.08.26 - 12:30
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HKD1.3B Southbound Trading Net Outflow from BABA-W (AAStocks)
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There was HKD480 million, HKD33.3 million and HKD17.8 million Southbound Trading net inflow to MINIMAX-W (00100.HK), YOFC (06869.HK) and POP MART (09992.HK).There was HKD1.3 billion, HKD718.7 million and HKD703 million Southbound Trading net outflow from BABA-W (09988.HK), XIAOMI-W (01810.HK) and TENCENT (00700.HK).For Southboun......
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21.08.26 - 10:30
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Full-day Takeaway: HSI Up 310 pts; HSTI Up 65 pts; XIAOMI Up over 4%; PING AN Up over 3%; OOIL, CLP HOLDINGS, TS LINES, CHINAGOLDINTL, SITC Hit New Highs; Market Turnover Rises (AAStocks)
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At close, HSI rose 310 pts or 1.2% to 26,009. HSTI rose 65 pts or 1.4% to 4,766. HSCEI gained 86 pts or 1.0% to 8,634. Market turnover reached $257.28 billion.Active Heavyweights:XIAOMI (01810.HK) closed at $29.02, up 4.5%PING AN (02318.HK) closed at $56.2, up 3.9%BABA (09988.HK) closed at $123, down 2.5%TENCENT (00700.HK) close......
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21.08.26 - 10:00
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HKEX gold futures smash delivery record as US sanctions reshape trade (SCMP)
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Hong Kong Exchanges and Clearing (HKEX) has reported record-breaking physical deliveries and a trading surge in its US dollar-denominated gold futures contract, underscoring the city's ambition to become a global hub for the precious metal amid widening trade restrictions by the United States.
The bourse operator physically delivered 145kg (319.67lbs) of gold, the highest single-day tally since the product was first launched in 2018, according to a statement published on HKEX's official WeChat......
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21.08.26 - 06:30
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Midday Takeaway: HSI Closes Midday at 25,883, Up 184 pts; HSTI Closes Midday at 4,724, Up 23 pts; PING AN Up over 3%; XIAOMI Up over 3%; BABA Down over 3%; OOIL, CLP HOLDINGS, PACIFIC BASIN, TS LINES, CHINAGOLDINTL Hit New Highs (AAStocks)
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At midday close, HSI rose 184 pts or 0.7% to 25,883. HSTI rose 23 pts or 0.5% to 4,724. HSCEI gained 41 pts or 0.5% to 8,589.Active Heavyweights:PING AN (02318.HK) closed at $56.05, up 3.6%XIAOMI (01810.HK) closed at $28.66, up 3.2%BABA (09988.HK) closed at $122.3, down 3.1%MEITUAN (03690.HK) closed at $83.85, down 2.3%TENCENT (......
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21.08.26 - 06:15
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Research: CMBI Cuts KUAISHOU-W TP to HKD63.8, Reiterates Buy (AAStocks)
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CMBI released a research report on KUAISHOU-W (01024.HK), of which 2Q revenue added 1% YoY, in line with market expectations, with Kling AI revenue soaring by more than 200%; adjusted net profit dropped 30% YoY. Looking ahead to 2H26, the company's management indicated that revenue and profit were forecast to come under pres......
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21.08.26 - 04:15
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VNET Group, Inc. and CATL Sign Strategic Cooperation Agreement (AAStocks)
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VNET Group, Inc. (VNET.US) and CATL (03750.HK) officially signed a strategic cooperation agreement on Tuesday (18th) this week.The two parties established a comprehensive strategic partnership to jointly seize the historic opportunities arising from the coordinated development of computing and power infrastructure. Centered on t......
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