A $15 billion high-stakes gamble pays off? Meta releases its first major AI model, Muse Spark.

Muse Spark is the first model released by Meta since the establishment of its 'Super Intelligence Lab' and also the first model launched since the company recruited Alexandr Wang, the founder of Scale AI, to lead the team last year. This marks a shift from Meta's open-source strategy to a closed-source approach. The model focuses on being compact and high-speed, with direct integration into social media platforms such as Facebook, emphasizing AI-powered shopping assistance. Meta acknowledged that some of its capabilities are inferior to models like ChatGPT, positioning it as an entry-level model. Following the announcement, Meta’s stock price surged by up to 9.5%.

wallstreetcn02:35

The Hang Seng Index rose 776 points for the day, with resources and technology stocks performing strongly while pharmaceutical stocks faced selling pressure.

The United States and Iran agreed to a two-week ceasefire, a development that boosted global stock markets. After the Easter and Qingming Festival holidays, Hong Kong's stock market opened 656 points higher. It later surged by 817 points, briefly reaching a high of 25,934 points. The market closed at 25,893 points, up 776 points or 3.1%. The Hang Seng China Enterprises Index rose 220 points or 2.6%, closing at 8,677 points, while the Hang Seng Tech Index gained 244 points or 5.2% to close at 4,923 points. Total turnover for the day increased to HKD 372.437 billion. U.S.-Iran talks were held on Friday (April 10) in Islamabad, Pakistan’s capital. Reports suggest that during the ceasefire period, Iran and Oman will oversee the passage through the Strait of Hormuz.

AASTOCKSApr 8 16:27

Express News | Hong Kong Stock Market Review: Hang Seng Index Gains 3.09% Amid Strong Performance in Semiconductor Sector

BreakingsApr 8 16:14

Express News | The Hang Seng Tech Index extended its gains to 5%, with the Hong Kong semiconductor sector surging across the board. TianShuZhiXin, a "domestic GPU concept" stock, soared by 35%. Huahong Semiconductor surged over 15%, Montage Technology rose more than 12%

BreakingsApr 8 13:26

Goldman Sachs has issued a buy list for Hong Kong stocks based on its leading indicator for earnings re-rating (ERLI).

Goldman Sachs issued a report last Friday (May 3) stating that, according to the "Earnings Revision Leading Indicator (ERLI)" criterion, the latest list of buy-rated stocks (limited to Hong Kong-listed shares) includes: Xiaomi-W (01810.HK), PetroChina (00857.HK), Zijin Mining (02899.HK), Techtronic Industries (00669.HK), Lenovo Group (00992.HK), Luoyang Molybdenum (03993.HK), Hua Hong Semiconductor (01347.HK), and Zhaojin Mining (01...

AASTOCKSApr 8 12:30

Asian Chip Stocks Rally on U.S.-Iran Cease-Fire

WSJApr 8 11:28