US stock market

In response to report that Xiaomi Automobile kicked off development work on a new platform, XIAOMI-W (01810.HK)  +0.060 (+0.346%)    Short selling $480.82M; Ratio 15.607%   's general manager of public relations, Wang Hua, clarified on Weibo that the news was untrue, as quoted by Sina Tech.

Core PCE Price Index MoM for Mar in United States is 0.3%, unchanged from its last period. The forecast was 0.3%.AAStocks Financial News

Microsoft Corporation (MSFT.US)      delivered a strong 3FQ24 results, significantly beating its lowered estimations, Citi Research issued a research report saying.

The upper limit of Meta (META.US)      's 2Q24 revenue guidance was US$39 billion, implying room for growth of 22%, also 1% ahead of Morgan Stanley's expectations, Morgan Stanley issued a research report saying.

Macquarie commented in a report that it identified supportive valuations in China's capital markets in light of the recent uptick in technical investment sentiment. The broker listed its near-term recommendations for a "conviction portfolio" of Chinese stocks:

Chinese President Xi Jinping will meet with US Secretary of State Antony Blinken at the Great Hall of the People in Beijing in the afternoon of 26 April, according to CCTV News.

Initial Jobless Claims for Apr/20 in United States is 207K, lower than the previous value of 212K. The forecast was 214K.AAStocks Financial News

NIO-SW (09866.HK)  -0.100 (-0.307%)    Short selling $15.88M; Ratio 25.930%   (NIO.US)      officially launched its intelligent electric high-end executive sedan, the 2024 ET7 Executive Edition, at a selling price starting from RMB428,000.

According to Chinese media reports, Ji Yue, a subsidiary of GEELY AUTO (00175.HK)  +0.100 (+1.099%)    Short selling $72.19M; Ratio 20.143%   , will cooperate with NVIDIA (NVDA.US)      to build intelligent cars. Ji Yue's production models will be equipped with NVIDIA's centralised in-vehicle computing platform "NVIDIA DRIVE Thor" from 2026 onwards.

According to Chinese media reports, Ji Yue, a subsidiary of GEELY AUTO (00175.HK)  +0.100 (+1.099%)    Short selling $72.19M; Ratio 20.143%   , will cooperate with NVIDIA (NVDA.US)      to build intelligent cars. Ji Yue's production models will be equipped with NVIDIA's centralised in-vehicle computing platform "NVIDIA DRIVE Thor" from 2026 onwards.