HSTECH booms 4.7% to a 3yr high

BrianTycangco鄭彥渊
02-21

At the halftime break, Hang Seng Tech Index $HSTECH(HSTECH)$ booms 4.7% to a 3yr high. Surge driven by $Alibaba(BABA)$ $BABA-W(09988)$ ’s strong 3Q results showing better growth in cloud biz, which will only get stronger as DeepSeek sends AI cloud service demand soaring.

$XIAOMI-W(01810)$ $Xiaomi Corp.(XIACF)$ & $BYD COMPANY(01211)$ $BYD Co., Ltd.(BYDDF)$ both hitting new ATH on stimulus expectations.

Most counters trading at slight premiums to ADRs. $Baidu(BIDU)$ $BIDU-SW(09888)$ $TENCENT(00700)$ $Tencent Holding Ltd.(TCEHY)$ $Bilibili Inc.(BILI)$ $BILIBILI-W(09626)$ $GDS Holdings Ltd(GDS)$ $GDS-SW(09698)$ $Kingsoft Cloud Holdings Ltd(KC)$ $NIO Inc.(NIO)$ $NIO-SW(09866)$ $XPeng Inc.(XPEV)$ $XPENG-W(09868)$

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