Market Snapshot | Mixed performance across the three major indices, with the Technology Index up 0.46%; storage concept remains strong, with Montage Technology surging over 21% to a new high; AI application concept gains momentum in the afternoon, with Zh
The three major indices showed mixed performance, with the technology index rising by 0.46%; the storage concept remained strong, with Montage Technology surging over 21% to reach a new high; the AI application concept gained momentum in the afternoon, with Zhipu skyrocketing nearly 37%, and MINIMAX surging over 18%; JD.com's shares rose more than 8% after its earnings report.
Express News | China and the United States hold economic and trade consultations in South Korea
Trump posted in the air: It is my honor to travel to the great China alongside numerous outstanding individuals.
TMT Post App reported on May 13 that Trump boarded Air Force One in the afternoon of May 12, Eastern Time, and set off for a visit to China. Before landing, Trump posted on 'Truth Social,' stating, 'It is my honor to travel to the great nation of China alongside so many outstanding individuals.' Trump also expressed his hope that the business leaders accompanying him would have the opportunity to 'demonstrate their capabilities' and contribute to China's advancement to even greater heights! (China Direct)
Hong Kong Stock Market Midday Review | All three major indices rose, with the technology index gaining 0.52%; Storage and PCB concepts advanced, with Dajia Numerical Control surging over 16%, Southern Twice Long Bet on Hynix up over 9%, Montage Technology
Mixed performance was seen in technology and internet stocks, with JD.com up 7.01% and Meituan up 4.75%; securities and brokerage stocks generally declined, with Guofu Quantum dropping 10.67% and Bright Smart Securities falling 3.53%; automobile stocks also dropped broadly, as Geely Auto fell 5.14% and Great Wall Motor declined 2.19%.
Express News | Sino-US economic and trade consultations have begun in South Korea.
Futu Morning Brief | 16 business leaders to accompany Trump on visit to China; reports indicate SpaceX in talks with Google for orbital data center collaboration; Wash is set to take over, with confirmation vote expected as early as Wednesday; Jitai Techn
Rising inflation and pressure from the situation in Iran weighed on the market, with widespread pullbacks in chip stocks and mixed performance across the three major indices; U.S. April CPI inflation exceeded expectations, and the 'New Fed Wire' reported that interest rate cuts are no longer a story for 2026.