Hong Kong stocks closed (05.23) | Hang Seng Index closed down 1.7%, fell to Wanjiu Customs Network, non-ferrous stocks fell by 5% Alibaba - SW (09988) plummeted 5%

Hong Kong stocks fell under pressure throughout the day. The Hang Seng Index fell below the 19,000 mark. At one point, the Hang Ke Index fell close to 3% at the end of the session. At the close, the Hang Seng Index fell 1.7%, or 326.89 points, to 18868.71 points.

Zhitong Finance04:34 ET

Ali is reportedly considering issuing a $5 billion convertible bond as early as this week

People familiar with the matter said that Alibaba is considering issuing convertible bonds and plans to raise about 5 billion US dollars in capital. Earlier this week, JD also issued 1.75 billion US dollars of convertible bonds. People familiar with the matter said that Alibaba has discussed with the investment bank to issue bonds that can be converted into US listed shares. People familiar with the matter said the move was aimed at funding share buybacks and growth. People familiar with the matter said it may be released as early as this week, but it hasn't been done yet.

環球市場播報03:38 ET

Damo: Baidu Group-SW (09888), Alibaba-SW (09988), and Tencent Holdings (00700) cloud business revenue is expected to benefit from large-scale language model price reductions

Damo expects Alibaba Cloud revenue growth to accelerate again to double digits in the second half of the 2025 fiscal year.

Zhitong Finance03:30 ET

Changes in Hong Kong stocks | Alibaba-SW (09988) falls nearly 5%, and the model price war upgrade agency expects its short-term profit side to remain under pressure

Alibaba-SW (09988) fell nearly 5% in the intraday period. As of press release, it was down 4.52% to HK$79.25, with a turnover of HK$1,888 billion.

Zhitong Finance22:16 ET

Overnight news: Democrats submit investigation into oil giant DuPont to split into three separate companies Goldman Sachs doesn't expect the Federal Reserve to cut interest rates this year

For more global financial information, please follow the 7×24 hour real-time financial news market closing: the Federal Reserve notes highlight inflationary pressure, the Dow fell more than 200 points, the top 20 in US stock turnover on May 22: Nvidia's performance exceeded expectations, announcing that the 10% split of US WTI crude oil closed down 1.4% for the third consecutive trading day. On Wednesday, popular Chinese securities rose 1.6%, Alibaba fell 4%, Baidu fell 2.6%, European stocks fell 2.6%, European stocks fell 2.6%, European stocks fell 2.6%, European stocks fell 2.6%, European stocks fell 2.6%, European stocks fell 2.6%, European stocks fell 0.47%, European stocks fell 0.47% Macro minutes and the Federal Reserve It will People collectively support the maintenance of high profits

環球市場播報17:48 ET

Temu Owner PDD Crushed Earnings Estimates. The Stock Is Roaring Back.

PDD Holdings stock surged early Wednesday after the Temu owner comfortably beat earnings and revenue estimates in the first quarter as Chinese and global consumers continued to flock to its discount e-commerce platforms.

Barron'sMay 22 07:46 ET