Today: 12 July 2026

Jerzy Lewandowski

Jerzy Lewandowski is a senior markets editor at TS2.tech covering stocks, artificial intelligence, semiconductors and global financial markets. He studied economics at the University of Warsaw and previously worked in investment analysis before moving into financial journalism. His daily coverage focuses on the trends and events that matter most to investors worldwide.

Alibaba sheds HK$88 billion after dispute over Anthropic Claude AI claim

Alibaba sheds HK$88 billion after dispute over Anthropic Claude AI claim

Alibaba Group Holding dropped sharply Thursday, as AI-security concerns shifted into the stock price. The shares in Hong Kong ended at HK$95.00, off 4.43%, trading as low as HK$94.00 during the session. Turnover jumped to 141.4 million shares, well above the 93.91 million average. Based on a closing market cap of HK$1.90 trillion, the one-day drop wiped out about HK$88 billion in value.
25 June 2026
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Stock Market Today

  • Jumbo Interactive Jumps 11.9% After Boosting FY26 Profit Forecast on North America
    July 12, 2026, 3:42 PM EDT. Shares in Jumbo Interactive (ASX:JIN) climbed 11.9% after the company lifted its FY26 profit forecast, citing stronger earnings outlooks from its Dream US and Canadian businesses. Jumbo raised forecasts for underlying EBITDA and NPATA, pointing to better activity and contract wins across North America. UK's outlook was cut. Jumbo also said it increased its ANZ debt facility to A$120 million to support more deals and growth in North America. The upgraded view comes with warnings on jackpot swings, marketing costs, and regulatory risk in mature markets. Analysts say the stock could see 58% upside using an A$11.43 fair value, with North America staying the main driver but concentration risk still there.
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