Market Chatter: China Earmarks 2 Trillion Yuan in Nationwide AI Push

MT NewswiresJun 9 19:14

Guo Jiayao: Hong Kong stocks are expected to fluctuate between 24,200 and 25,200 points; China Telecom (00728.HK) is transitioning toward becoming an 'AI infrastructure provider.'

Kwok Ka Yiu, Business Development Director of Harbour Family Office, noted that U.S. stocks moved mixed on Monday (8th), with technology shares showing a rebound, and the three major indices closing unevenly. The U.S. dollar weakened, while the yield on the 10-year U.S. Treasury note rose to 4.56%. Gold prices remained soft amid volatility, and oil prices initially rose before pulling back. Hong Kong pre-depositary receipts generally performed well, suggesting a mildly higher open for the broader market in early trading. Mainland Chinese equities declined yesterday, with the Shanghai Composite Index opening lower and continuing to slide throughout the session, closing down 1.7%, accompanied by a reduction in trading turnover across both the Shanghai and Shenzhen exchanges. Hong Kong stocks followed global markets lower, as concerns grew over an increased likelihood of interest rate hikes; the market opened lower and extended losses during the session, at one point dipping to around the 24,400 level, though th

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Express News | National-Level First Systematic Deployment on Empowering AI Development through Data

BreakingsJun 8 17:54

Express News | China Telecom, the Central SOE Strategic Emerging Industries Development Fund, and others have established a private equity fund focused on the artificial intelligence industry.

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