WM Tech - CW24(MAPSW.US)

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WM Tech - CW24
MAPSW.US
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US FTC to scrutinize Big Tech's talent acquisition deals, Bloomberg News reports

The U.S. Federal Trade Commission (FTC) is investigating big tech companies that hire employees from startups instead of acquiring them outright, as this practice may circumvent antitrust reviews. FTC Chairman Andrew Ferguson highlighted concerns over these 'acqui-hires' in a Bloomberg interview, noting that recent deals by Nvidia, Microsoft, Meta, and Amazon have drawn regulatory scrutiny. Ferguson attributed the rise in such practices to the Biden administration's stringent antitrust enforcement.

Reuters·
US
MSFT
+0.70%
US
AMZN
+0.39%
US
META
-0.09%
Reuters·
US
MSFT
+0.70%
US
AMZN
+0.39%
US
META
-0.09%

The Hang Seng Index failed to break through 27,000 for the fourth time, falling by 78 points. Pop Mart dropped by 6%, while AI chip stocks performed well. Experts are concerned that the upward trend may have ended｜Hong Kong stock market closing

The Hang Seng Index closed at 26,844 points on Friday, down 78 points, failing to break through 27,000 points for four consecutive days. Market turnover fell to HKD 255 billion, with a net inflow of HKD 94 million from the north. Despite strong performance from AI chip stocks, with SMIC and Hua Hong Semiconductor rising 2% and 7% respectively, Ctrip saw a decline of 21.8%, becoming the worst-performing blue-chip stock of the week. ALI HEALTH, on the other hand, rose 17.9%, making it the best blue-chip stock. Overall, the Hang Seng Index still rose 613 points for the week

Stheadline·
HK
00241
-5.16%
SH
688347
+6.87%
HK
01347
+7.39%
Stheadline·
HK
00241
-5.16%
SH
688347
+6.87%
HK
01347
+7.39%

Breakfast | US stocks stop falling and rebound, most chip stocks rise

U.S. stocks stopped falling and rebounded, with most chip stocks rising. TSMC surged over 4% after earnings, reaching a record high. SanDisk rose over 5%, Goldman Sachs increased by more than 4% after earnings, and Morgan Stanley and BlackRock both rose nearly 6% after their earnings reports. Precious metals experienced a full-scale pullback, with spot silver plunging by as much as 7% during the session

Wallstreetcn·
US
SOXL
+4.60%
Wallstreetcn·
US
SOXL
+4.60%

Sector Update: Consumer Stocks Advance in Afternoon Trading

Consumer stocks saw gains in afternoon trading, with the Consumer Staples ETF rising 0.1% and the Consumer Discretionary ETF up 0.6%. Amazon is contesting Saks Global Enterprises' bankruptcy plan, claiming breach of contract, while Paramount's lawsuit against Warner Bros. was not fast-tracked. Ford is negotiating battery purchases from BYD for hybrid vehicles and emphasized the need to update the US-Mexico-Canada Agreement. Amazon shares increased by 1%, while Paramount and Warner Bros. shares fell by 1.7% and 0.3%, respectively.

fidelity·
US
WBD
+0.32%
fidelity·
US
WBD
+0.32%

Bank of East Asia expects the Hang Seng Index target to be 30,800 points by the end of this year, estimating three to four rate cuts by the Fed

East Asia Bank investment strategist Eric Wu expects that the global market will be relatively loose this year, with the United States likely to cut interest rates three to four times, and the S&P 500 index could reach 7,500 points by the end of the year. Regarding Hong Kong stocks, East Asia Bank targets the Hang Seng Index at 30,800 points by year-end, with corporate earnings expected to rise by 13%. He suggests focusing on industries such as AI, automotive, and smart driving supply chains in mainland China. Chen Weicong believes that the central bank's interest rate cuts are not a comprehensive easing, which may benefit AI and high-end manufacturing

AASTOCKS·
HK
STECH
-0.11%
US
.SPX
-0.06%
HK
00023
+0.22%
AASTOCKS·
HK
STECH
-0.11%
US
.SPX
-0.06%
HK
00023
+0.22%
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