Hong Kong stocks are experiencing fluctuations | Most AI Concept stocks are rising, Kingsoft Cloud (03896) is up over 8%, and Mifold (02556) is up over 7%.

Most AI Concept stocks have risen. As of the time of writing, Kingsoft Cloud (03896) is up 8.02%, priced at 7 Hong Kong dollars; Mai Fushi (02556) is up 7.06%, priced at 41.7 Hong Kong dollars.

Zhitong Finance22:31 ET

Hong Kong stocks are moving notably | Datacenter stocks surged in the morning, with Kingsoft Cloud (03896) rising over 8% and GDS-SW (09698) increasing nearly 4%.

Datacenter stocks surged in the morning session. As of the time of writing, Kingsoft Cloud (03896) rose by 8.33% to 7.03 HKD; SUNEVISION (01686) increased by 4.6% to 6.37 HKD; GDS-SW (09698) climbed by 3.46% to 23.95 HKD.

Zhitong Finance22:27 ET

[Brokerage Focus] China Securities Co.,Ltd.: The AI computing power Industry maintains a high prosperity state. Pay attention to symbols with high growth and low valuations.

Gold News | China Securities Co., Ltd. issued a Research Report stating that recently, CHINA MOBILE's "over 10,000-card domestically produced intelligent computing center project" and "CNI Yangtze Index intelligent computing center project," and China United Network Communications' "Wujiang Computing Power Center project" have received approvals, with a total investment of over 14.1 billion yuan. On April 24, Google released its 2025 Q1 Earnings Reports, with a capital expenditure of 17.2 billion dollars for Q1 2025, a year-on-year increase of 43%, and maintained its annual guidance of 75 billion dollars in capital expenditure. The company noted a significant growth in the number of users of Google AI tools. In addition, recently listed companies have been intensively disclosing their 2024 earnings reports and 2025 Q1 earnings reports, from which it has already...

Jingu Financial NewsApr 28 20:53 ET

Hong Kong stock morning report | Alibaba releases and open sources the new version of the large model Qwen3, Chongqing Sokon Industry Group Stock submits application for listing on the Hong Kong stock exchange.

① The Ministry of Foreign Affairs reiterated that there have been no consultations or negotiations between China and the United States regarding the tariff issue. ② Goldman Sachs raised its forecast for this year's southbound capital inflow into Hong Kong stocks by nearly 50%. ③ Alibaba announced and opened source its next-generation general-purpose Qwen3 model. ④ Institutions say that the ROI of Hong Kong stocks as a 'value vacuum' is very attractive.

cls.cnApr 28 19:31 ET

U.S. stocks closed mixed: the three major Indexes showed different trends as investors focused on Technology stock Earnings Reports.

① Most China Concept Stocks rose, with the Nasdaq China Golden Dragon Index up 0.68%; ② IBM announced a 150 billion dollar investment plan; ③ Sony Group is reportedly considering splitting its Semiconductors business; ④ NXP Semiconductors Q1 revenue was 2.84 billion dollars, higher than market expectations.

cls.cnApr 28 17:39 ET

On April 28, Kingsoft Cloud (03896) issued 41.625 million ordinary shares in accordance with the underwriting agreement.

Kingsoft Cloud (03896) announced that on April 28, 2025, according to the underwriting agreement, after the full exercise of the Options...

Zhitong FinanceApr 28 05:09 ET