Tech Stock Weekly Recap: NetEase plunges 8%, Meta surges 9%!
Tech giants in the Hong Kong and US stock markets saw mixed performance last week: Meituan rose nearly 4%, Baidu rose over 2%, Tencent rose 2%, JD.com fell 2%, Alibaba slightly declined by 0.3%; Amazon rose 2.6%, Microsoft and Google rose over 1%; Tesla plummeted over 6%, Nvidia fell nearly 3%, Apple dropped over 1%
Last week, Hong Kong stocks experienced a holiday, while US stocks also fluctuated.
Among the leading internet companies in Hong Kong stocks, NetEase fell by 8% during the week, JD.com fell by 2%, and Alibaba slightly dropped by 0.3%. In contrast, Meituan rose by nearly 4%, Baidu rose by over 2%, Tencent rose by 2%, and Kuaishou rose by over 1%.
Among the seven giants in the US stock market, Meta led the way with a nearly 9% increase, Amazon rose by 2.6%, Microsoft and Google rose by over 1%; Tesla plummeted by over 6%, NVIDIA fell by nearly 3%, and Apple dropped by over 1%.
