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Finance & Markets

HK stocks join region in doldrums amid tech worries

Regional stocks came under pressure at the start of the week amid fears that artificial intelligence-related shares would come under pressure ahead of Nvidia earnings later in the week.

  • Hong Kong's stock market joins regional downtrend
  • AI-related shares cause concerns
  • Nvidia's earnings report influences market

Finance & Markets

Alibaba launches HK$80 billion share placement

Shares of Alibaba fell eight percent to HK$113.00 soon after the stock market opened on Monday morning, and hours after the company announced the launch of an HK$80-billion, or US$10.2 billion, share placement to fund artificial intelligence-related development. The shares closed at HK$123.00 on Friday.

World

Remembering Zhu Rongji and understanding his legacy

“History doesn’t repeat itself but it often rhymes.” This famous quote, widely attributed to Mark Twain, keeps playing in my mind as China mourns the death of former premier Zhu Rongji and reflects on his legacy.

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