Tech Stock Weekly Recap: Xiaomi surged 7%, while Tesla plummeted 7%!
Among the leading stocks in the Hong Kong stock market, only Xiaomi and Tencent rose last week, up 6.7% and 1.8% respectively; Kuaishou fell by nearly 9%, Baidu and NetEase fell by over 2%, Alibaba fell by 1.6%, Meituan fell by nearly 1%, and JD.com slightly declined. As for the seven giants in the US stock market, only Tesla and Apple fell during the week, with declines of 7% and 0.2% respectively; Meta rose by over 5%, Microsoft rose by 2%, Nvidia rose by over 1%, Google and Amazon rose by nearly 1%
Last week, both the Hong Kong and US stock markets experienced volatile gains.
In the Hong Kong stock market, the leading tech companies had mixed performances. Only Xiaomi and Tencent saw gains, rising by 6.7% and 1.8% respectively. However, Kuaishou plummeted by nearly 9%, while Baidu and NetEase dropped by over 2%. Alibaba fell by 1.6%, Meituan dropped by nearly 1%, and JD.com saw a slight decrease.
As for the seven tech giants in the US stock market, only Tesla and Apple experienced declines, with decreases of 7% and 0.2% respectively. Meta surged by over 5%, Microsoft rose by 2%, NVIDIA increased by over 1%, and Google and Amazon rose by nearly 1%.
