ASIA BetaShares Asia Technology Tigers ETF
- 9.400
- +0.050+0.53%
JPMorgan's Alex Yao: China's technology stocks can still rise 20%-25%.
JPMorgan analyst Alex Yao, who was bearish on Chinese tech stocks two years ago, recently stated that there is still about 20% to 25% upside potential in Chinese tech stock prices, and the stable development of macroeconomics is the key factor influencing stock price trends.
Tencent's 'New Game King' is launched.
Boycott Android channels.
E-commerce platforms collectively show their sales performance, who is making money? | Reviewing the performance of the 618 promotion.
On June 19th, Taobao, JD.com, Kwai, Suning and other platforms have successively released data reports on performance growth. Returning to the essence of the retail industry, which is about people, goods, and stores, how to innovate the form to attract consumers is a topic worth exploring repeatedly for everyone.
According to Goldman Sachs's prediction, the gaming industry environment has changed, which is not favorable for Netease. However, they are bullish on Tencent.
As industry regulatory focus shifts, Tencent, as "China's largest small game platform", may usher in a spring. Coupled with the initial results of Tencent's overseas investments, its international gaming business is showing strong momentum.
Hong Kong stock market rebounds strongly! Both the technology and national indexes rose more than 3%, the Hang Seng Index surged nearly 3% to return to 18,000 points; network technology stocks soared, B station surged nearly 19%.
The Hong Kong stock market welcomes a long-awaited surge, with the three major indexes showing a strong upward trend. As of the close, the Hang Seng Index rose by 2.87%, up more than 500 points, returning to the 18,000-point mark. The CSI and Hang Seng Tech Index rose by 3.45% and 3.65% respectively, while the SCI returned above 3,800 points.
618 sales report is out: jd.com achieved a new high in transaction volume, while new members of Tmall surged! Xiaomi won a complete victory.
How did the 618 promotion with "Ultra long standby" perform?
Mid-day overview: All three major indexes rose by over 1%, with network technology stocks, autos, and mainland China banking stocks up. Bilibili rose over 10%.
Network technology stocks rose, SenseTime rose more than 7%, Xiaomi Group rose more than 3%, Netease, Tencent, Alibaba, and jd.com all rose more than 1%.
'JD.com Pioneers Next-Generation Retail With Native Spatial JD.Vision App Built For Apple Vision Pro Ahead Of China Release'
JD.com announced the launch of JD.Vision, a native Apple Vision Pro app that offers an immersive shopping experience leveraging spatial computing. Launched on the final day of JD's 618 Grand Promotion
NextEra Energy, Lennar And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 0.2% on Tuesday.Shares of NextEra Energy, Inc. (NYSE:NEE) fell sharply in today's pre-market trading after the compan
Express News | On the 18th, Tencent spent approximately HKD 1.003 billion to repurchase 2.64 million shares.
IDC: The hardware market for WAF in China is expected to be 1.35 billion yuan in 2023, a year-on-year decrease of 2.6%.
According to IDC data, the China WAF hardware market size in 2023 is 1.35 billion yuan, a -2.6% year-on-year growth.
Midday glance| The three major indexes edged up slightly, with Bilibili leading the way in network technology, up nearly 5%; Chip stocks rose, Semiconductor Manufacturing International Corporation rose more than 3%.
Hong Kong stocks related to Apple suppliers continued to show strength, with Sunny Optical Technology rising more than 4%, AAC Technologies and BYD Electronic rising more than 3%; most China-affiliated brokerage stocks in Hong Kong rose, with Haitong Securities up nearly 4%.
Futu Morning Post | Favored by top ETF issuers, over $10 billion may flow into Nvidia from Apple; Huang Renxun once again reduced his Nvidia stock holdings
Fed's Harker: Expects Fed to cut interest rates once in 2024; Gamestop's CEO emphasized the need to avoid speculation, causing a 12% drop in stock price.
US stocks close | S&P hits new highs, Tesla rises more than 5%, Qualcomm and Broadcom stock prices hit new highs.
Micron Technology and Taiwan Semiconductor hit a new closing high, while GameStop fell more than 12%; Bilibili rose more than 6%, while NIO Inc and Xpeng rose more than 2%.
Hong Kong market watch | Hong Kong stocks have a weak performance, with the Hang Seng Index slightly down by 0.03%; active trading in apple suppliers and semiconductor stocks.
During the trading day, the three major indices of the Hong Kong stock market all rose by 1%, showing a low opening and high closing trend in the morning. In the afternoon, there was a decline in the market. As of the close, the Hang Seng Index and the H-share index both fell slightly by 0.03% and 0.02%, respectively. The Hang Seng Tech Index rose slightly by 0.05%, while the Hang Seng Index failed to hold above the 18,000 point level.
Hong Kong stock market midday review | Three major indexes open low and go high, Apple supplier concept rises strongly, BYD electronic rises more than 6%, soaring more than 70% compared to April lows.
Hong Kong's three major stock indices opened low and rose high, with the Hang Seng Index and National Index both rising more than 1% at one point during the trading day. At noon, they rose by 0.2% and 0.25% respectively, while the Hang Seng Tech Index rose by 0.12%. The three major indices initially fell more than 1%.
Sensor Tower: Tencent's Dungeon & Fighter: Origin is the most explosive mobile game in the past few years.
In May 2024, a total of 40 Chinese companies were shortlisted in the Top 100 Global Mobile Game Publisher Revenue List, with a total revenue of 2.11 billion US dollars, accounting for 39.7% of the revenue of the Top 100 Global Mobile Game Publishers in this period.
Quick look at the market | All three major Hong Kong stock indices rose; chip stocks and auto stocks rose, Brilliance Chi rose more than 22%.
Network technology stocks are mixed, with Kuaishou and NetEase up nearly 2%, Meituan and Tencent up over 1%, Ping An Good Doctor down more than 3%, and Ali Health and JD Health down more than 2%.
Opinion | How to estimate "tech valuation"? Which technology sectors are expected to increase in value?
Currently, the consumer electronics and semiconductor sectors are growing, and their corresponding valuations are expected to rise. In the field of technology stocks, AI and humanoid robots are highly anticipated. They are patiently waiting for technological progress and breakthroughs. Of course, if we refer to the market cap of global representative companies that develop AI faster, once domestic technology breaks through, there will be greater room for growth in the core symbol's valuation in the AI-related field.
Hong Kong Market Watch: The Hang Seng Index fell nearly 1%, Shimao Group rose more than 10%, and Haitong Securities rose more than 5%.
Shipping stocks performed well, with cosco ship port rising nearly 5% and cosco shipping holdings rising nearly 3%; network technology stocks generally fell, with Meituan, Alibaba, and jd.com falling by about 2%; pharmaceutical stocks collectively declined, with zai lab falling more than 6%, and tigermed and wuxi apptec falling more than 5%.