According to ET Net News on the 25th, Alibaba (09988) is currently down 2.3%, trading at HK$107.5; Tencent (00700) down 1%, at HK$433.8; Xiaomi (01810) down 1.5%, at HK$26.18; Baidu (09888) down 0.8%, at HK$85.6; Kuaishou (01024) down 0.3%, at HK$30.42.
Overnight, the US 30-year long-term bond yield rose as high as 5.491%, the highest since 2004; the 10-year bond yield also reached 5.225%, the highest since 2007. In addition, oil prices rose for two consecutive days, with Brent crude rising 3.41% to close at $106.6. New York Federal Reserve President Williams said that due to high energy prices and demand driven by artificial intelligence (AI) investment, the Fed still has a lot of work to do in reducing inflation, implying the need for further rate hikes.
Currently, the Hang Seng Index stands at 24,523, down 237 points or 1%, with main board turnover of nearly HK$1.8 billion. The Hang Seng China Enterprises Index stands at 8,172, down 93 points or 1.1%. The Hang Seng Tech Index stands at 4,318, down 42 points or 1%. (vs)
Overnight, the US 30-year long-term bond yield rose as high as 5.491%, the highest since 2004; the 10-year bond yield also reached 5.225%, the highest since 2007. In addition, oil prices rose for two consecutive days, with Brent crude rising 3.41% to close at $106.6. New York Federal Reserve President Williams said that due to high energy prices and demand driven by artificial intelligence (AI) investment, the Fed still has a lot of work to do in reducing inflation, implying the need for further rate hikes.
Currently, the Hang Seng Index stands at 24,523, down 237 points or 1%, with main board turnover of nearly HK$1.8 billion. The Hang Seng China Enterprises Index stands at 8,172, down 93 points or 1.1%. The Hang Seng Tech Index stands at 4,318, down 42 points or 1%. (vs)
