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While AI will change the world, Nvidia (NVDA.US) CEO Jensen Huang does not think human jobs will go away, and that as AI helps businesses, companies will naturally expand. Since companies become more productive, their revenues will increase, Huang said, who has never seen a company grow profitably without hiring more employees.
YUM CHINA (09987.HK) +1.800 (+0.577%) Short selling $28.31M; Ratio 13.208% repurchased 60,000 shares on the New York Stock Exchange (NYSE) on 26 April at a price per share ranging from US$39.71 to US$40.41, involving US$2.3999 million, according to YUM CHINA's announcement.
JPY Index remained subdued this morning (29th). USD/ JPY once fell to 160.22, representing the first time since 1990 to sink below the 160 level. It last dropped 0.6% to 159.22. Meanwhile, JPY100/ HKD last stood at 4.89.
XIAOMI-W (01810.HK) +0.060 (+0.346%) Short selling $480.82M; Ratio 15.607% 's 10,000th mass-produced vehicle officially yanked off the assembly line 32 days after the release of the Xiaomi SU7, according to the Weibo account of Lei Jun, Chairman of XIAOMI-W.
Chinese Premier Li Qiang visited the Beijing International Automotive Exhibition yesterday (28th), emphasizing the need to vigorously develop intelligent internet-connected new energy vehicles (NEVs). Moreover, Tesla (TSLA.US) CEO Elon Musk made a surprise visit to China, and was reported to be seeking to launch full-self-driving-computer (FSD) software in Mainland China.
USD/ JPY rattled sharply today (29th), once dropping to 160.22, which was the first time since 1990 to fall through the level of 160. Afterwards, the yen turned north abruptly and rose 1.1% to last at 156.48 against the dollar, with the high/ low volatility of more than 2%. JPY100/ HKD last posted at 4.98.
Tesla (TSLA.US) will begin a mapping and navigation partnership with BIDU-SW (09888.HK) +2.400 (+2.379%) Short selling $619.80M; Ratio 29.303% , removing a key hurdle to its full-self-driving-computer (FSD) software's entry into Mainland China market, Bloomberg reported.
Bloomberg reported that Tesla (TSLA.US) will begin a mapping and navigation cooperation with BIDU-SW (09888.HK) +2.400 (+2.379%) Short selling $619.80M; Ratio 29.303% . BIDU once surged 7% in the afternoon to $108, a two-month high. It trades now at $106.1, hiking 5.15%, with 10.2378 million shares traded, involving $1.058 billion.
Tesla (TSLA.US) shares hiked 5.8% to US$178.02 in pre-market. It is reported that Tesla (TSLA.US) will begin a mapping and navigation partnership with BIDU-SW (09888.HK) +2.400 (+2.379%) Short selling $619.80M; Ratio 29.303% , of which Tesla will use BIDU's lane-level map information as the basis for its full-self-driving (FSD) service in the Mainland, removing a key hurdle to FSD's entry into the Chinese market.
The HSI gained 95 pts or 0.5% to close at 17,746. The HSCEI rose 13 pts or 0.2% to close at 6,282. The HSTECH dipped 4 pts or 0.1% to close at 3,713. The total turnover for the whole day was $163.417 billion, hitting an almost-nine-month high again.