The three major A-share indexes opened lower collectively, with the Hang Seng Tech Index rising by more than 1%. Precious metals, new industrialization and other sectors led the gains, while iron ore, artificial meat, rare earth permanent magnet and other sectors led the declines. NetEase rose by 0.51%, and NetEase Games officially announced that games under Blizzard will return to the mainland China market in the summer of 2024
On Wednesday, April 10th, the three major A-share indexes collectively opened lower, with the Shanghai Composite Index down 0.08%, the Shenzhen Component Index down 0.25%, and the ChiNext Index down 0.50%.
On the market, the indexes of precious metals, new industrialization, and other sectors are leading in terms of gains, while the indexes of iron ore, artificial meat, rare earth permanent magnets, and other sectors are leading in terms of losses.
In the Hong Kong stock market, the Hang Seng Index opened up by 0.58%, and the Hang Seng TECH Index rose by 1.04%. Nio rose by 5.13%, XPeng rose by 5.19%; NetEase rose by 0.51%, with NetEase Games officially announcing that Blizzard's games will return to the mainland China market in the summer of 2024; Sunny Optical Technology rose by 2.92%, with the company's March mobile phone lens shipments increasing by 33.7% year-on-year.
Regarding individual stocks, China Tianrui Cement announced on the Hong Kong Stock Exchange that trading will be temporarily suspended from 9 a.m. today to await the announcement of insider information. Yesterday, the stock price of China Tianrui Cement plummeted by 99%.
On the news front, the People's Bank of China conducted a 20 billion yuan 7-day reverse repurchase operation today, with a bid rate of 1.80%, unchanged from before.
According to All-Weather Technology, today, Jack Ma posted an article titled "To Reform, To Innovate" on Alibaba's internal network, highly praising the courage of the new management team composed of Joseph Tsai and Eddie Wu, stating that Alibaba has returned to a healthy growth track and supports continued reform. It is reported that this is the first lengthy sharing of thoughts on company reform, innovation, and future prospects by Jack Ma in the five years since his retirement. In the article, Jack Ma believes that the most core change for Alibaba in the past year is not to chase KPIs, but to understand itself and return to the track of customer value. By cutting into the problems of big companies, Alibaba is returning to a focus on efficiency and the market, becoming simpler and more agile