BABA250404C119000
- 0.01
- -10.74-99.91%
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Hong Kong stock market midday review | The Hang Seng Index dropped by 10.70% in the early session, with all weighted index stocks suffering significant declines.
The USA has imposed "reciprocal tariffs" that are significantly higher than market expectations, leading to increased concerns about the risk of economic recession and trade impacts due to the implementation of these tariffs.
China Prepares 'Extraordinary Efforts' to Counteract Impact of U.S. Tariffs
Hong Kong stocks are fluctuating | The Hang Seng Tech Index has dropped more than 13%, and Network Technology stocks are experiencing a sharp decline across the board. Alibaba-W (09988) has fallen over 14% again.
The Hang Seng Index plummeted over 700 points in the morning session, with a current decline exceeding 13%, and all Network Technology stocks experienced a sharp drop in the morning. As of the time of writing, Alibaba-W (09988) is down 14.41%, trading at HKD 105.7.
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Express News | Hong Kong Stock Indexes Tank on Monday. Hang Seng Index Down Over 8%. Tencent Drops 8% and Alibaba Plunge Over 11%
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[Brokerage Focus] China Securities Co.,Ltd.: Intensive release of multimodal models in the Global AI field, with the 'New Five Little Dragons' of domestic AI applications standing out.
Jinwu Financial News | China Securities Co., Ltd. Research Reports state that in the Global AI field, multi-modal models are being released intensively, with new models like Llama4 leading technological innovation. Domestic AI applications are showing the rise of the "New Five Small Dragons." Domestic applications such as Ali Quark, Doubao, and DeepSeek are performing outstandingly in the global market. Meanwhile, industries such as gaming, film, and Publishing demonstrate strong domestic demand and development potential, especially driven by AI technology, the domestic content Consumer market is resilient. The film box office and gaming market are performing strongly, short drama production is moving towards quality improvement, and the Education Publishing sector is benefiting from Bullish policies, resulting in a high overall industry prosperity.
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