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Hong Kong-listed tech stocks continued to rise, with Baidu (09888.HK) and Xiaomi Group (01810.HK) up more than 5%, Alibaba (09988.HK) up 4.6%, and Tencent Holdings (00700.HK) and Bilibili (09626.HK) up 3%.

2026-07-08

Hong Kong-listed tech stocks continued to rise, with Baidu (09888.HK) and Xiaomi Group (01810.HK) up more than 5%, Alibaba (09988.HK) up 4.6%, and Tencent Holdings (00700.HK) and Bilibili (09626.HK) up 3%.

Other News
2026-07-07

Samsung's record profits, coupled with a subsequent stock price decline, don't reflect market negativity towards the earnings. Rather, they indicate the tech sector is entering an era of "high expectations." Driven by the AI and semiconductor cycles

Samsung's record profits, coupled with a subsequent stock price decline, don't reflect market negativity towards the earnings. Rather, they indicate the tech sector is entering an era of "high expectations." Driven by the AI and semiconductor cycles, the market is no longer simply rewarding profit growth, but rather focusing on a company's ability to consistently exceed expectations. Samsung's significant year-on-year profit increase, if already priced into its valuation, could become a window for profit-taking after the earnings release. The core variable in this phenomenon is that the expectation gap is replacing earnings themselves as the primary pricing driver. Previously, tech stock gains relied on improved earnings; now, the market demands companies simultaneously demonstrate future growth potential, sustainable profit margins, and a return on capital expenditures. The significant volatility in the South Korean stock market and the relative pressure on Nasdaq futures reflect this high standard spreading from individual companies to the entire tech sector. In the short term, this represents a valuation repricing; in the long term, the real concern is whether continued increases in investor return expectations will further impact the financing environment for AI infrastructure, semiconductors, and other tech companies.
2026-07-08

WTI crude oil futures surged 4.00% on the day, currently trading at $71.30 per barrel.

WTI crude oil futures surged 4.00% on the day, currently trading at $71.30 per barrel.
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