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According to mainland media reports, Gmcine Technology (Shenzhen) Co. Ltd. has recently undergone industrial and commercial changes, with Baidu (China) Co. Ltd., a subsidiary of BIDU-SW (09888.HK) -1.400 (-1.293%) Short selling $146.30M; Ratio 21.222% , being added as a new shareholder.
Tesla (TSLA.US) CEO Elon Musk's visit to China earlier this week has sparked speculation that its Full Self-Driving (FSD) service could be coming to the country, China Daily reported, citing sources.
The US revoked the export licenses for chips from Intel Corporation (INTC.US) and QUALCOMM Incorporated (QCOM.US) to Chinese telecoms equipment maker, Huawei, Reuters quoted sources as saying.
The HSI slid 69 points or 0.4% to 18,410 at midday. The HSCEI dropped 27 points or 0.4% to 6,499. The HSTECH ebbed 24 points or 0.6% to 3,897. The total half-day turnover of the market amounted to $67.191 billion.
JD.com (JD.US) has successfully revamped the operations of its self-operating platform (1P) and is likely to resume mid-to-high single-digit revenue growth, CLSA noted in a report. At the same time, margins may decline as the company invests more in users and content in 2024.
The team expects the US to cut interest rates 4 times from July, with a rate of 0.25% each time, Josephine Lee, Head of Citigold and credit card sales at Citibank Hong Kong, said. Hong Kong may not be able to follow the US' rate cuts immediately, but the 3-month interbank offered rate will gradually decrease this year.
US stocks closed higher on Monday after Hamas announced that it had accepted the terms of a cease-fire proposal by mediators to end its war with Israel, which pushed stocks higher in afternoon trading.
The Federal Reserve announced to keep interest rates unchanged as expected, and Chairman Jerome Powell said that a rate hike is unlikely. The number of initial U.S. jobless claims last week was less than expected.