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Futu News on Oct. 19, the Hang Seng Index continued to rise in early trading and is now up 1.44% or 365 points at 25775, while the Hang Seng Technology Index is up more than 2%.
Hong Kong stock Bilibili Inc. rose more than 12 per cent, leading the Hang Seng technology index higher; in addition, its overnight US stocks closed up more than 7 per cent.
On the news side, Morgan Stanley said that Bilibili Inc. 's revenue in the third quarter is expected to grow by 18% on a quarterly basis and 64% on a year-on-year basis to reach 5.29 billion yuan, which will be higher than the upper limit of the guiding price and in line with the market consensus. Bilibili Inc., who has the advantages of user growth and non-gaming, maintains an over-rated stock and a target price of $100.
XIAOMI rose by more than 4%. XIAOMI Group Chairman and CEO Lei Jun said at the investor meeting that XIAOMI Automobile is expected to be mass produced in the first half of 2024.
BABA rose by more than 1%. Today, at the scene of the 2021 Yunqi Conference, the flat head Brother of BABA's semiconductor company released the self-developed cloud chip Yantian 710. According to officials, the performance of the chip exceeds the industry benchmark by 20%, and the energy efficiency is improved by more than 50%. The chip was released in July and will be deployed in the Aliyun data center.
Tencent fell slightly. As of October 18, the top three shareholdings held by Tencent brokers were Hongkong and Shanghai Banking Corporation, JPMorgan Chase & Co and Citibank, respectively, with a stake of 26.56%, 10.55% and 5.66%, respectively, according to Futuo Niuniu APP.
Other stocks, Kuaishou Technology rose more than 6%, NetEase, Inc and Meituan rose more than 2%, JD.com rose more than 1%, Baidu, Inc. fell.
Zhongan Online P&C Insurance rose by more than 6 per cent. The company announced that the original insurance premium income earned in the first nine months of this year totaled about 15.802 billion yuan, an annual increase of 41.75%.
JD Health rose by more than 2%, Semiconductor Manufacturing International Corporation by 0.91%, Hua Hong Semiconductor by 0.38%, and Ping An Healthcare And Technology and China Literature by more than 1%.
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