Weekly Tech Stock Recap: Meituan soared over 8%, and Tesla finally saw an increase too!

LB Select
2024.03.04 04:36

Last week, the overall US stock market continued to rise, with chip stocks supporting the market for several days in a row; Hong Kong stocks in the technology and internet sectors fluctuated.

In Hong Kong, Meituan surged by 8.5%, NetEase rose by 2%, Xiaomi slightly increased, while other tech giants declined; BIDU-SW led the decline by 8%, Tencent fell by 5%, JD dropped by over 3%, Kuaishou-W fell by nearly 3%, and BABA-SWR dropped by 2%.

Tech stocks in the US also experienced mixed performance, with only Google and Apple from the "Big Seven" declining by 5% and 1.6% respectively; Tesla, which had suffered significant losses before, finally rebounded with a 6% increase for the week, while Nvidia and Meta rose by around 4%.

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