Tech Stock Weekly Recap: Another almost across-the-board surge! Kuaishou up 10%, Apple up over 8%
In the Hong Kong stock market, among the leading companies in the technology sector, Baidu rose by 9% last week, JD.com rose by 8%, Alibaba and NetEase rose by 5%, Xiaomi and Tencent rose by over 4%, and Meituan rose by 3.5%. In the US stock market, among the seven giants, only Google fell by nearly 3% that week, while Tesla surged by nearly 8%, Amazon rose by nearly 4%, Meta rose by 2%, NVIDIA rose by over 1%, and Microsoft saw a slight increase
Last week, during the May Day holiday in mainland China, both the Hong Kong and US stock markets saw significant gains.
In the Hong Kong stock market, leading tech companies all rose sharply that week, with Kuaishou leading the way with a 10% increase, followed by Baidu with a 9% increase, JD.com with an 8% increase, Alibaba and NetEase with a 5% increase, Xiaomi and Tencent with over 4% increase, and Meituan with a 3.5% increase.
As for the seven tech giants in the US stock market, only Google saw a drop of nearly 3% that week, while Apple rose over 8%, Tesla surged nearly 8%, Amazon rose nearly 4%, Meta rose 2%, NVIDIA rose over 1%, and Microsoft saw a slight increase.
