ET Net News Agency reported on the 6th: Alibaba (09988) is currently up 2.9%, trading at HK$108.5, marking its second consecutive day of gains with a cumulative increase of 3.9%. The stock has traded approximately 1.57 million shares, involving a turnover of HK$170 million.
After Musk announced renaming his AI business to 'SpaceXAI', Wall Street followed with valuations. Morgan Stanley stated that considering the growth potential brought by future AI, space, and cloud product launches, SpaceX (US.SPCX) shares remain undervalued, driving SpaceX to surge nearly 8% overnight. The Nasdaq rose 1% overnight, closing at 27,477, a record high. A wave of Chinese概念股 and ADRs were also lifted, with Alibaba ADR rising 4.68% to US$110.80, which is 3.13% higher than the previous day's closing price of its Hong Kong shares, equivalent to HK$108.7.
Hong Kong tech and internet stocks performed well at market open; Tencent (00700) rose 0.8% to HK$426.4; Xiaomi (01810) rose 0.2% to HK$23.92; Baidu (09888) rose 1.9% to HK$85; JD.com (09618) rose 0.9% to HK$103.3; NetEase (09999) rose 0.9% to HK$187.3.
Currently, the Hang Seng Index stands at 24,279, up 239 points or 1%, with nearly HK$2.2 billion traded on the main board. The Hang Seng China Enterprises Index is at 8,131, up 79 points or 1%. The Hang Seng Tech Index is at 4,226, up 42 points or 1%. (hc)
After Musk announced renaming his AI business to 'SpaceXAI', Wall Street followed with valuations. Morgan Stanley stated that considering the growth potential brought by future AI, space, and cloud product launches, SpaceX (US.SPCX) shares remain undervalued, driving SpaceX to surge nearly 8% overnight. The Nasdaq rose 1% overnight, closing at 27,477, a record high. A wave of Chinese概念股 and ADRs were also lifted, with Alibaba ADR rising 4.68% to US$110.80, which is 3.13% higher than the previous day's closing price of its Hong Kong shares, equivalent to HK$108.7.
Hong Kong tech and internet stocks performed well at market open; Tencent (00700) rose 0.8% to HK$426.4; Xiaomi (01810) rose 0.2% to HK$23.92; Baidu (09888) rose 1.9% to HK$85; JD.com (09618) rose 0.9% to HK$103.3; NetEase (09999) rose 0.9% to HK$187.3.
Currently, the Hang Seng Index stands at 24,279, up 239 points or 1%, with nearly HK$2.2 billion traded on the main board. The Hang Seng China Enterprises Index is at 8,131, up 79 points or 1%. The Hang Seng Tech Index is at 4,226, up 42 points or 1%. (hc)
