Tencent's Current Low Valuation Likely to Be Temporary -- Market Talk
Hong Kong Stocks in Focus | Gaming Stocks Lead Gains; Several Game Companies Forecast Strong Earnings Growth; Analysts Say Sector Valuations Could Rebound
Gaming stocks led the gains. As of this report, Bilibili-W (09626.HK) rose 4.81% to HK$146.1; Tencent (00700.HK) gained 3.9% to HK$479.6; NetEase (09999.HK) climbed 3.25% to HK$209.4; and Kingsoft Corporation (03888.HK) increased by 2.95% to HK$24.42.
Hong Kong Market Movement | Tech stocks broadly rise as U.S. discontinues Hong Kong-related national emergency status, improving upside potential for Hang Seng Tech
Tech and internet stocks rose broadly this morning, driving the Hang Seng Tech Index up by more than 3%. As of the time of writing, Alibaba-W (09988) was up 5.24% at HK$118.5.
Hong Kong Stock Market Movement | Tencent rises over 3% intraday, launches full-stack embodied intelligence solution; Tencent Cloud ADP 4.0 international version officially goes live
Tencent (00700.HK) rose more than 3% intraday. As of the time of writing, it was up 3.12% at HK$476.20, with a trading volume of HK$3.613 billion.
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