Hong Kong and Mainland China saw strong volumes, led by growth stocks, as Hong Kong internet stocks ended higher, along with tech hardware and semiconductor AI plays.
Read CLN: https://t.co/r3cVVBlQTL
Auto stocks were higher following Friday’s release of April sales, led by @Xiaomi, which gained +6.75% on a 50% month-over-month (MoM) increase in unit sales.
Read CLN: https://t.co/p80hjpUBuk
Cambricon had an excellent quarter, beating analyst expectations with triple-digit revenue and profit growth, lifting semiconductors and the STAR Board as standout performers.
Read CLN: https://t.co/OcJ3pU6hWl
Q1 earnings season got off to an encouraging start, with results broadly beating expectations across insurance, exchanges, banks, and industrials, reflecting resilient fundamentals across key sectors.
Read CLN: https://t.co/WTQGXmY8L3
Asian equities were largely higher on a weaker US dollar, led by the AI "picks & shovels" trade in Korea and Taiwan, which are posting exceedingly strong month-to-date returns.
Read CLN: https://t.co/aGYYDmxeG0
The Beijing Auto Show kicked off overnight, as $XPEV gained +3.38% after announcing interest in their self-driving technology with “overseas” auto companies.
Read CLN: https://t.co/aP60e9D2ae
$BABA's US listing is rising pre-market following The Information's report that @deepseek_ai is raising money from @TencentGlobal and @AlibabaGroup at a $20 billion valuation.
Read CLN: https://t.co/zC7VB4Zcgw
Mainland China's Q1 GDP came in ahead of expectations at 5%, accelerating from Q4, with industrial production also beating estimates, and property metrics showing early signs of stabilization.
Read CLN: https://t.co/sTK7GUNMPW
Hong Kong was led by growth stocks, with a strong emphasis on healthcare, following the State Council and multiple healthcare agencies' release of “The Opinions on Improving the Formation of Drug Prices”.
Read CLN: https://t.co/uyVMWeap1a
Alibaba reported Q4 financial results overnight, as its core business grew solidly, AI and cloud delivered a 10th consecutive quarter of double-digit growth, and instant commerce showed improving unit economics.
$BABA @AlibabaGroup