Today: 29 April 2026
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HKG:0728 10 February 2025 - 9 February 2026

China Mobile stock slides after Goldman Sachs downgrade as 5G build outlook cools

China Mobile stock slides after Goldman Sachs downgrade as 5G build outlook cools

China Mobile shares fell 2.1% to HK$78.50 after Goldman Sachs downgraded the stock to “Neutral” and cut its target price to HK$88. The drop came as the Hang Seng Index rose 1.76%. Goldman cited slower 5G growth and flagged a reduced pace of new base-station rollouts for 2026 and 2027. China Telecom and China Unicom also slipped, but China Mobile’s decline was steeper.
9 February 2026
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Internet Access in China

Internet Access in China

China had 1.09 billion internet users by end-2023, with over 99% on mobile. State-owned ISPs—China Telecom, China Unicom, and China Mobile—control regional access and backbone networks. All international traffic passes through three government-run gateways, slowing foreign site access. The Great Firewall blocks major foreign platforms and censors content; VPN use is tightly restricted.
10 February 2025
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Stock Market Today

  • State Street's Materials ETF XLB Sees $259.6M Outflow Amid Component Gains
    April 29, 2026, 11:16 AM EDT. The State Street Materials Select Sector SPDR ETF (XLB) experienced a $259.6 million outflow, a 3.4% drop in units outstanding over the past week, indicating investors are selling ETF units. Despite this, some large holdings in XLB showed gains in trading, with CRH plc up 0.5%, Vulcan Materials Co (VMC) rising 3.6%, and Martin Marietta Materials (MLM) increasing 1.2%. XLB's share price last traded at $51.23, between its 52-week low of $41.02 and high of $54.14. The ETF's unit creation and redemption mechanism means significant outflows often lead to selling pressure on underlying components, impacting their stock prices.

Latest article

Alphabet Earnings Today: The $185 Billion AI Question Hanging Over Google’s Stock

Alphabet Earnings Today: The $185 Billion AI Question Hanging Over Google’s Stock

29 April 2026
Alphabet will report first-quarter results after U.S. markets close Wednesday, with an earnings call set for 4:30 p.m. EDT. Shares traded near record highs Tuesday, with GOOG at $351.86 and GOOGL at $354.05. Analysts expect revenue of about $107 billion, up 19%, but see earnings per share falling to $2.63 due to a prior-year investment gain. Investors are focused on Gemini AI and cloud growth amid a planned $175–185 billion capex for 2026.
Vertiv Just Bought A Liquid-Cooling Specialist As AI Data Centers Turn Up The Heat

Vertiv Just Bought A Liquid-Cooling Specialist As AI Data Centers Turn Up The Heat

29 April 2026
Vertiv Holdings Co acquired Strategic Thermal Labs, a Texas-based liquid-cooling specialist, to boost its AI and high-performance computing data center offerings. Vertiv shares rose 0.6% to $307.00, valuing the company at about $119.9 billion. Deal terms were not disclosed. The move follows a 30% jump in Vertiv’s first-quarter net sales and an increased 2026 earnings forecast.
NIO Stock Jumps After Onvo L80 Debut: New SUV Puts China EV Maker Back in the Fight

NIO Stock Jumps After Onvo L80 Debut: New SUV Puts China EV Maker Back in the Fight

29 April 2026
NIO’s Hong Kong shares rose 8.7% after its Onvo unit began pre-sales for the L80 large electric SUV, starting at 245,800 yuan or 159,800 yuan with battery leasing. The launch follows NIO’s first quarterly net profit and aims at boosting volume in China’s crowded EV market. Test drives begin May 1, with the official launch set for May 15.
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