US stock market

TENCENT (00700.HK)  +15.200 (+3.981%)    Short selling $2.84B; Ratio 12.187%   's 1FQ24 operating revenue performance was in line with the market's expectation, and 2% ahead of Jefferies' estimation, Jefferies issued a research report saying. Gross profit margin was 52.6%, higher than the expectations of the market and Jefferies of 49.5%/ 48.1%, respectively.

Alibaba Cloud, a subsidiary of BABA-SW (09988.HK)  -2.950 (-3.569%)    Short selling $1.05B; Ratio 11.908%   (BABA.US)      , announced that new purchases of Multi-Cloud FinOps products will be halted on 15 June.

Faraday Future (FFIE.US)      , which has been riding the meme stock wave and seen its share price soar in recent days, is now surging 33% to US$0.94 in pre-market after a two-day rocketing of 10x.

Inflation Rate YoY for Apr in United States is 3.4%, lower than the previous value of 3.5%. The forecast was 3.4%.AAStocks Financial News

Retail Sales MoM for Apr in United States is 0.0%, lower than the previous value of 0.6%. The forecast was 0.4%.AAStocks Financial News

US President Joe Biden will formally announce an increase in tariffs on a variety of Chinese imports on Tuesday (14th), according to Bloomberg.

HSBC HOLDINGS (00005.HK)  +0.850 (+1.248%)    Short selling $278.19M; Ratio 16.169%   repurchased a total of 6.7891 million shares in the UK and Hong Kong markets yesterday (13th), involving a total of $462 million, according to HSBC HOLDINGS' announcement.

MNSO (09896.HK)  -0.200 (-0.404%)    Short selling $81.28M; Ratio 29.201%   announced its 1Q24 results for the period ended March this year. Revenue was RMB3.724 billion, up 26% YoY, mainly due to a 19.3% YoY growth in the average number of shops at the group level and a same-store sales growth of about 9%. Net profit reached RMB582 million, up 25.1% YoY, with an EPS of RMB0.47.

Hesai Group is suing the US Department of Defense (DoD) for placing the company on a list of companies accused of aiding China's military, according to a lawsuit filed in federal court in Washington DC.

Zhihu (ZH.US)      surged 10% to US$4.01 in pre-market after a regulatory filing revealed that Alibaba opened a long position in Zhihu in 1Q24, buying more than 1.7 million shares.