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HKG:09988 10 October 2025 - 6 November 2025

Wall Street Braces for Shutdown: Stocks Rally as Fed Cuts Loom – Tech & Defense in Focus

Hong Kong stocks today (Nov 6, 2025): Hang Seng jumps 2.1% as chips & commodities surge; Pony.ai and WeRide sink on Hong Kong debut

The Hang Seng Index closed up 2.12% at 26,485.9, with turnover near HK$234.7 billion. Semiconductors, metals, and large-cap internet stocks led gains. Two major robotaxi IPOs, Pony.ai and WeRide, dropped 9–10% on debut despite the broader market rally. China-related indices and tech shares outperformed.
6 November 2025
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Alibaba Stock Soars on AI Frenzy – Can the Rally Last?

Alibaba Stock Soars on AI Frenzy – Can the Rally Last?

Alibaba’s U.S. shares surged nearly 8% on Sept. 24, 2025, hitting a four-year high near $176 and doubling year-to-date. The jump followed CEO Eddie Wu’s AI strategy announcement and strong cloud revenue growth, while adjusted operating profit fell 14% last quarter due to heavy investment. Hong Kong shares also reached multi-year highs. Most analysts rate the stock a Buy, with targets up to $240.
10 October 2025
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Stock Market Today

  • OpenAI Plans Confidential IPO Filing with Goldman Sachs, Morgan Stanley
    May 20, 2026, 3:02 PM EDT. OpenAI is set to confidentially file its IPO prospectus as soon as Friday, working with Goldman Sachs and Morgan Stanley, CNBC reported. Valued at over $850 billion privately, OpenAI's public offering could be one of the largest in history. This move comes amid ongoing legal disputes with Elon Musk and ahead of SpaceX's IPO filing. OpenAI's CFO noted the importance of preparing for public company standards but declined to specify a timeline. The confidential IPO filing signifies OpenAI's step toward entering public markets, enhancing transparency after raising over $180 billion from investors.

Latest articles

AMD Shares Jump as Market Moves on AI Server Demand

AMD Shares Jump as Market Moves on AI Server Demand

20 May 2026
AMD shares jumped 7.3% to $444.24 Wednesday in New York, rebounding with the chip sector ahead of Nvidia’s quarterly results. The rally followed bullish analyst price target hikes and renewed focus on AI server demand. Trading volume reached 23.5 million shares. AMD reported Q1 revenue up 38% to $10.3 billion, with data center sales rising 57% on strong server chip demand.
Rivian Stock Pops as R2 Ramp Gives Traders a New Reason to Look Again

Rivian Stock Pops as R2 Ramp Gives Traders a New Reason to Look Again

20 May 2026
Rivian shares climbed 4.4% Wednesday to $13.465 after a production update on its new R2 SUV from the Illinois plant, where the first R2 rolled out in April. The company expects to build up to 155,000 R2s a year when fully scaled. Rivian reported Q1 revenue of $1.381 billion and a net loss, with negative free cash flow of $1.075 billion. CEO RJ Scaringe said R2 production is ramping up and hiring is underway.
Ambev Stock Draws Attention Ahead of World Cup

Ambev Stock Draws Attention Ahead of World Cup

20 May 2026
Ambev shares rose to R$16.27 in São Paulo and $3.225 in New York Wednesday after a strong first-quarter earnings report. The company named Fernando Maffessoni as logistics vice-president starting August 1, replacing Paulo André Zagman. First-quarter profit reached R$3.89 billion, up 2.1% from last year, with Brazil beer volumes rising 1.2%.
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