Market Chatter: OpenAI, Google Supplied AI Services to Blacklisted Chinese Firms via Overseas Units

MT NewswiresJul 10 17:21

Hong Kong Market Close: Hang Seng Index rises 0.6%; biopharmaceutical and defense stocks surge, while semiconductor chips plunge

On July 10, the three major Hong Kong stock indices surged in the morning session but pared gains in the afternoon, primarily dragged down by a collective sell-off in AI-related heavyweight stocks and semiconductor leaders, which weighed on the technology sector. By the close, the Hang Seng Index and the Hang Seng China Enterprises Index saw their gains narrow to 0.6% and 0.52%, respectively, after having risen nearly 2% intraday. The Hang Seng Tech Index turned negative, closing down 0.21%, following a morning rally of as much as 2.7%. In terms of market performance, most heavyweight tech stocks remained in positive territory, with Xiaomi up 3.36%, and JD.com, Kuaishou, and Alibaba all gaining over 2%. Biotechnology stocks showed renewed strength today, with innovative drug-related concepts posting notable gains. Pork-related stocks, automobile shares, airline stocks, and mainland property developers stayed active throughout the trading day.

Gelonghui FinanceJul 10 16:41

Global Equities Roundup: Market Talk

WSJJul 10 16:29

Hang Seng Index Logs Best Week in Over Eight Months -- Market Talk

WSJJul 10 16:29

Express News | Ministry of Industry and Information Technology: APEC Ministerial Meeting on Digital Economy and Artificial Intelligence and its supporting events will be held

BreakingsJul 10 15:42

Tech and internet stocks continued their recent rebound, as Hong Kong-listed internet giants aggressively implemented AI initiatives, with the Hang Seng Tech Index trading near its lowest valuation in the past decade.

July 10 — Hong Kong-listed tech stocks continued their recent rebound. As of the time of writing, Xiaomi rose nearly 3%, JD.com gained over 3%, Alibaba Group Holding Limited increased by nearly 3%, Kuaishou Technology rose more than 2%, and Baidu, Inc. climbed nearly 2%.

Zhitong FinanceJul 10 13:48