The Economic Information Daily reported on the 15th that Lenovo Group (00992) is down 7.6%, trading at HK$28.1; GDS Holdings (09698) dropped 12.6%, at HK$25.44; Kingboard Laminates (01888) fell 8%, at HK$38.96; Yangtze Optical Fibre and Cable (06869) declined 7.2%, at HK$131; Zhongji Xuchuang (03308) decreased 6.1%, at HK$796.
Chip stocks also significantly declined, with Hua Hong Semiconductor (01347) down 5.6% at HK$78.4; SMIC (00981) down 3.3% at HK$52.5; GigaDevice (03986) down 7.3% at HK$330; Montage Technology (06809) down 11% at HK$202.2.
Barclays downgraded Dell Technologies (US.DELL), Hewlett Packard Enterprise (US.HPQ), and NetApp (US.NTAP), citing lagging progress in enterprise adoption of artificial intelligence (AI). Overnight, data center-related stocks plunged sharply, with Hewlett Packard Enterprise (HPE) down 8.3%, Oracle (US.ORCL) down 8.8%, and Dell Technologies falling 11.3%.
Next-generation cloud service stocks crashed on Wednesday, with CoreWeave (US.CRWV) shares at one point plunging 17.2%, dragging CoreWeave bond prices rapidly down to levels typically indicating financial distress, causing bond yields to spike accordingly, attracting Elon Musk's attention. Chamath Palihapitiya, known as the "SPAC King," posted on social media questioning the "private credit bubble," attaching a screenshot showing CoreWeave bond yields hitting 15%. Musk replied with "yikes," implying "oh no" or "shocking."
Currently, the Hang Seng Index stands at 24,119, down 195 points or 0.8%, with main board turnover nearing HK$3.6 billion. The Hang Seng China Enterprises Index is at 8,124, down 58 points or 0.7%. The Hang Seng Tech Index is at 4,082, down 92 points or 2.2%.
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Chip stocks also significantly declined, with Hua Hong Semiconductor (01347) down 5.6% at HK$78.4; SMIC (00981) down 3.3% at HK$52.5; GigaDevice (03986) down 7.3% at HK$330; Montage Technology (06809) down 11% at HK$202.2.
Barclays downgraded Dell Technologies (US.DELL), Hewlett Packard Enterprise (US.HPQ), and NetApp (US.NTAP), citing lagging progress in enterprise adoption of artificial intelligence (AI). Overnight, data center-related stocks plunged sharply, with Hewlett Packard Enterprise (HPE) down 8.3%, Oracle (US.ORCL) down 8.8%, and Dell Technologies falling 11.3%.
Next-generation cloud service stocks crashed on Wednesday, with CoreWeave (US.CRWV) shares at one point plunging 17.2%, dragging CoreWeave bond prices rapidly down to levels typically indicating financial distress, causing bond yields to spike accordingly, attracting Elon Musk's attention. Chamath Palihapitiya, known as the "SPAC King," posted on social media questioning the "private credit bubble," attaching a screenshot showing CoreWeave bond yields hitting 15%. Musk replied with "yikes," implying "oh no" or "shocking."
Currently, the Hang Seng Index stands at 24,119, down 195 points or 0.8%, with main board turnover nearing HK$3.6 billion. The Hang Seng China Enterprises Index is at 8,124, down 58 points or 0.7%. The Hang Seng Tech Index is at 4,082, down 92 points or 2.2%.
| Stock (Code) | Current Price (HK$) | Change (%) |
|---|---|---|
| Lenovo Group (00992) | 28.1 | Down 7.57% |
| GDS Holdings (09698) | 25.44 | Down 12.58% |
| SenseTime (00020) | 1.16 | Down 2.52% |
| Kingboard Laminates (01888) | 38.96 | Down 8.03% |
| Yangtze Optical Fibre and Cable (06869) | 131 | Down 7.22% |
| Zhongji Xuchuang (03308) | 796 | Down 6.08% |
| Hua Hong Semiconductor (01347) | 78.4 | Down 5.6% |
| SMIC (00981) | 52.5 | Down 3.31% |
| GigaDevice (03986) | 330 | Down 7.3% |
| Montage Technology (06809) | 202.2 | Down 11% |
| Tianshu Zhixin (09903) | 84 | Down 9.09% |
| Biren Technology (06082) | 25.1 | Down 11.43% |
