Weekly Tech Stock Roundup: Tesla continues to plummet, JD and Xiaomi-W lead the way with significant gains!

LB Select
2024.03.18 05:03

Last week, Hong Kong stocks rebounded unexpectedly, while US stocks showed mixed performance.

Leading Hong Kong-listed tech companies saw across-the-board gains during the week, with JD.com leading the way with a 13% increase, Xiaomi up 11%, KUAISHOU-W up 8.5%, Baidu, Meituan, Tencent up over 5%, NetEase up over 3%, and Alibaba up nearly 1%.

Most of the seven tech giants in the US saw gains during the week, with Alphabet-C leading the way with a gain of over 4%, Microsoft, Apple, and Nvidia all rising, Amazon slightly down, Meta down over 4%, and Tesla plunging nearly 7%.

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