"Market Review": Hang Seng Index fell for the fourth consecutive time, mainland real estate stocks quickly worry about the spread of 'capital withdrawal tide'.
Market concerns over the 'capital withdrawal tide' of mainland real estate stocks have spread, with the Hang Seng Index continuing to decline today (17th). Morgan Stanley (MS.US) reported third-quarter earnings and revenue that exceeded market expectations. The Dow Jones and Nasdaq rose by 0.8% and 0.3% respectively the night before (16th), at the time of writing, the yield on the 2-year US bonds rose to 3.951%, the yield on the 10-year US bonds rose to 4.036%, the US Dollar Index was at 103.64, Dow Jones futures fell by 8 points or 0.02%, and Nasdaq futures were up 0.66%. The spot RMB fell by 83 basis points to 7.1233 against the US dollar, and the Shanghai Composite Index fell by 33 points or 1 for the entire day.
Li Yanhong: Baidu (09888.HK) does not touch Sora-like video generation. Currently, resources are mainly focused on making the long board longer.
"36kr Holdings" quoted reports that Baidu (09888.HK) recently held the third-quarter director's meeting for 2024, where the group's founder, chairman, and CEO Robin Li noted that the third quarter is also known as Baidu's strategic quarter. AI remains the protagonist, but with AI resources scarce and still in the early stages of development, Baidu also needs to prioritize its business strategy. For example, the group will not touch Sora-like video generation, considering the investment cycle too long, it might take ten or twenty years to see any business returns. He also mentioned that ToB business should avoid challenging and unrewarding projects, instead focusing on introducing standardized products. After renaming, Wenxin A Word.
Express News | OPPO asia vets Platform Officially Launched
Express News | China assets etf and Chinese concept stocks strengthened in the night trading session, with 3 times long position on FTSE China ETF rising over 6%.
Express News | Baidu's CEO Li Yanhong talks with the editor-in-chief of Harvard Business Review: Bubbles are inevitable, but 1% of AI companies stand out and create immense value.
U.S. stock market closing: all three major indexes rose collectively, with the Chinese concept stock index up nearly 1%.
1. China concept stocks varied, nasdaq china golden dragon index rose by 0.93%; 2. Airbus plans to cut 2,500 jobs in defense and aerospace departments; 3. General Motors invests $0.625 billion in a top lithium project in the USA; 4. E-mini russell 2000 index has reached its highest level in nearly three years.
Shares of US-listed Chinese Stocks Are Trading Higher, Rebounding After a Recent Selloff From Stimulus Uncertainty and Soft Economic Data.
Baidu Unusual Options Activity For October 16
Alibaba and Baidu Invest in China Self-Driving IPO. How It Measures Up to Tesla. -- Barrons.com
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Hong Kong stocks: Hang Seng Index fell 31 points, mainland real estate stocks surged while consumer stocks softened.
After falling more than 700 points yesterday (the 13th), the Hang Seng Index fluctuated soft today (the 16th), opening low with a 174-point decline before reversing gains, rising to 229 points at 20,548 points, then falling back again before the market close, ending the day with a 31-point or 0.2% decline at 20,286 points; the H shares Index fell by 9 points or 0.1%, closing at 7,267 points; the Hang Seng Tech Index dropped by 48 points or 1.1%, closing at 4,402 points. The total turnover of the market shrank to 208.369 billion yuan for the day. The Ministry of Housing and Urban-Rural Development, together with the People's Bank of China, will hold a press conference tomorrow (the 17th) to promote the development of the real estate market. Mainland real estate stocks surged, with Country Garden (01918.HK) and Sunac China Holding Ltd.
Horizon siasun robot&automation (09660.HK) introduces Alibaba and baidu as basic investments. The first-hand entry fee is 2,418.14 yuan.
Passenger vehicle advanced driver assistance systems (ADAS) and high-end autonomous driving (AD) solutions provider Horizon Robotics (09660.HK) announced details of its IPO, planning to globally offer 1.355 billion shares, with approximately 10% for public offering in Hong Kong and around 90% for international offering. The offering price ranges from HK$3.73 to HK$3.99 per share. With each board lot of 600 shares, the entry fee is HK$2,418.14. The IPO for the stock starts today (16th) and ends at noon next Monday (21st), with expected listing on next Thursday (24th). The joint sponsors are Goldman Sachs, Morgan Stanley, and China Securities Co., Ltd. The company's IPO will bring in 4 investors.
Futu Morning Post | Concerning real estate! The Ministry of Housing and Urban-Rural Development, the Central Bank, and others will make statements on October 17; ASML Holding plunges more than 16%, performance bombshell revealed ahead of time dragging dow
6400 points! UBS Group continues to raise next year's expectations for the US stock market; Apple hit a historical new high intraday, and the company launched a new iPad Mini; Wolfspeed soared more than 21%, receiving a $0.75 billion grant from the US Department of Commerce.
Hong Kong Stock Exchange Morning Report on October 16: Five departments will hold a press conference on real estate, with the China Concept Stocks Index falling by 5.92%.
①Fed's Daley said if inflation falls as expected, there will be another one to two rate cuts this year. ②IMF predicts that global public debt will exceed 100 trillion US dollars for the first time by the end of the year. ③US stock market three major indices collectively fell, with ASML Holding's performance below expectations dragging down the semiconductor sector; popular China concept stocks generally declined, with the Nasdaq Golden Dragon Index in China dropping by 5.92%. ④Heads of five departments will attend a press conference on the 17th to introduce the real estate market situation.
Horizon (9660.HK) started its IPO in Hong Kong on October 16, with investments from well-known institutions such as alibaba, baidu, and many others.
On October 16, leading technology company Horizon Robotics (9660.HK) kicked off its IPO in Hong Kong. In this IPO, Horizon Robotics plans to globally issue 1,355,106,600 shares, with 135,511,200 shares for public offering in Hong Kong, accounting for approximately 10%; 1,219,595,400 shares for international placement, accounting for approximately 90%, with an additional 15% over-allotment option. The price range guidance for the IPO is between HK$3.73 and HK$3.99 per share, with 600 shares per board lot, targeting a maximum fundraising amount of approximately 5.4 billion Hong Kong dollars, and the shares are expected to be listed on the Hong Kong Stock Exchange on October 24. The company during the IPO period.
Deep analysis of financial reports: Musk's expanding Cybercab dream, can't catch up with the quietly successful baidu?
On October 11th, tesla held a Cybercab (Elon Musk called the Robotaxi Cybercab) unveiling event at Warner Bros. Studios in Los Angeles, California, usa.
U.S. stocks closed: asml holding's earnings slump causing semiconductor sector collapse, the three major indexes collectively fell.
1. China concept stocks popularly fell, with the Nasdaq Golden Dragon Index in China dropping by 5.92%; 2. ASML Holding announced that it had only 2.6 billion euros in orders in the third quarter of this year; 3. United Airlines' third quarter adjusted earnings per share exceeded expectations; 4. Blackstone Group plans to invest 7.5 billion euros in developing datacenters in Spain.
Express News | U.S.-Listed Shares of Chinese Firms Fall Tracking Declines in Domestic Stocks
Shares of US-listed Chinese Stocks Are Trading Lower After China's September Exports Missed Estimates.
Reportedly, baidu (09888.HK) has launched the Agent chat function for short dramas, allowing users to interact and chat with the main characters in the drama.
"Photon Planet" quoted news reports that baidu (09888.HK) launched the Agent dialogue function for short dramas. In addition to the normal like and comment section, there is also a "Enter Chat" button, allowing users to chat and interact with the main characters of the drama individually after entering. As of now, the Agent function is still being tested and has not covered all the short dramas within the baidu App, only some popular ones can be accessed. Previously, baidu had tested Agent in the comment section. Characters like "AI Fruit County King," "AI Huanbi," and "AI Wuyong" frequently appear in the short drama comment section, making comments while also receiving likes and replies from users.