Hong Kong Stocks Extend Gains; Big Tech Stocks Shine
On May 7, 2026, the Hong Kong stock market opened higher. The Hang Seng Index rose by 1.21%, the Hang Seng China Enterprises Index increased by 1.30%, and the Hang Seng Tech Index climbed by...
U.S. Stocks to Watch: Broadcom, Nike, ASML, Bank of America, Morgan Stanley, GitLab, and More
Stock futures fell modestly Wednesday as the relief rally sparked by cease-fire talks between the U.S. and Iran looked set to run out of steam.These stocks were making moves in premarket trading:. Broadcom rose 3% after the chip maker extended an existing deal with Meta Platforms to support the Facebook parent's artificial-intelligence infrastructure buildout. Broadcom said it would deliver Meta Training and Inference Accelerator chips, or MTIA, through 2029.Nike added 2.8% after a form 4 filing showed that Apple CEO Tim Cook and Nike CEO Elliott Hill both bought about $1 million worth of shares in recent days. The sportswear retailer's stock is down 31% this year as investors fret about tighter margins and weak sales in China.ASML declined 0.5% after the Dutch chipmaking equipment company beat analysts' expectations for first-quarter profit and raised its sales guidance. Investors may have been opting to take profit following a strong run for the company's American depositary receipts
HK Movers | Xiaomi Jumps 4% After It Launches Flagship Base Model Xiaomi MiMo-V2-Pro
$XIAOMI-W (01810)$ launched the flagship base model Xiaomi MiMo-V2-Pro for the Agent era. Shares of Xiaomi jumped about 4% on the news.Tailor-made for high-intensity Agent work scenarios in the real...
Netflix Stock Is the Cheapest It Has Been in 3 Years Following Its 41% Plunge -- But Is It a Buy?
Netflix continues to dominate the streaming industry for movies and television shows, but its stock has lost its mojo.$Netflix(NFLX)$ operates the world's largest streaming platform for movies and...
Stock Track | Sirius XM Soars 12.69% Intraday on Strong Q4 Earnings Beat and Surprise Subscriber Growth
Sirius XM Holdings Inc. (SIRI) experienced a significant intraday surge, with its stock price soaring 12.69% during Thursday's trading session.The sharp increase follows the company's release of its...
Singtel Shares Dip Amid 50Gbps Fiber Trial, Raising Investment and Growth Concerns; Shares Down 3%
Singapore Telecommunications Ltd (Singtel) shares declined approximately 2.4% to S$4.43 during Wednesday afternoon trading, as the telecom operator advanced with a 50Gbps fibre broadband trial...
PDD Sacks Employees Involved in Melee with Market Authorities, Sources Say
Chinese e-commerce conglomerate Pinduoduo sacked a number of its employees after being involved in a brawl with market regulators, Nikkei Asia reported Wednesday, citing sources.The dismissed employees were mostly from Pinduoduo's government relations division, the report said, citing people familiar with the matter.Among those dismissed was compliance director Tu Tuohang, who posted on WeChat stating he had been dismissed last week for "serious negligence that caused substantial harm to the company," the report said."Nearly 30 employees" were also dismissed, the report said, citing Tu.Police earlier detained at least three executives of Pinduoduo after a physical fight with market inspectors at its Shanghai headquarters, the report said.Clashes between companies and regulators are rare in China, the report said.