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NIO: Over 100,000 new ES8s have been delivered.JPMorgan Chase raised its price target for Nvidia (NVDA.O) from $265 to $280.On May 21, Hong Kong Chief Executive John Lee, in his address at the 9th World Finance Forum Annual Meeting and the Intercontinental Dialogue 2026 Annual Conference, stated that Hong Kong, under the "One Country, Two Systems" principle, is interconnected both domestically and internationally. Its common law system aligns with global financial centers, providing a first-class platform for global investors to achieve their goals. Hong Kong is the worlds third-largest and Asias largest international financial center. According to the latest assessment by the International Monetary Fund, Hong Kong banks maintain adequate capital, sound liquidity, and good profitability, and the linked exchange rate system is credible. Lee emphasized that in the current complex and volatile international environment, we must take proactive measures. Hong Kong will continue to leverage its unique advantages of being backed by the motherland and connected to the world, building bridges for dialogue, expanding multilateral cooperation, and sharing the fruits of stability and growth with the world.Jefferies: Raises its price target for Nvidia (NVDA.O) from $275 to $300.On May 21st, Alibabas large-scale speech models Fun-Realtime-ASR and Fun-Realtime-AudioChat topped the charts on Artificial Analysis, a globally authoritative AI evaluation platform, surpassing top international models such as GPT-Realtime-2. They achieved first place in three metrics: "Accuracy (word error rate)," "Understanding (speech reasoning)," and "Conversation fluency." As a new human-computer interaction gateway, Alibabas large-scale speech model family has been deeply integrated into applications such as Qianwen App, Gaode Maps, and DingTalk, providing services such as real-time speech-to-text conversion, intelligent navigation interaction, and meeting minutes generation.

Hang Seng Index, ASX200, Nikkei 225: Markets Find Brief Relief

Jimmy Khan

Feb 28, 2023 15:37


Industry Snapshot

Tuesday's early trading period for the Hang Seng Index and the larger Asian markets was positive. This morning, the Asian markets followed the Dow and the NASDAQ Composite Index into the green.


Riskier assets received support from US economic data on Monday, as the crucial Goods Orders Non-Defense Ex Aviation increased by 0.8% in January, correcting a 0.3% decline from December.


The recent decline in crude oil prices has given rise to expectations that US inflation will experience a brief hiccup in January. However, with the US jobless rate at 3.4% and high US inflation, the Fed's conservatives will have a strong influence in the upcoming sessions. Anxiety of making a mistake would prefer an over-tightening and a gentle landing over abandoning the fight against inflation, which would support a more aggressive direction for interest rates.


Growing global conflict between the US and China has dampened expectations for a strong first quarter for the Hang Seng Index based on the China reopening narrative. Russia-China relations over Ukraine continue to be of worry.


Mixed regional economic data this morning limited the gains due to persistent challenges in the global stock markets. Consumer purchasing pleased, continuing a pattern seen in Europe and the US, while industrial sector statistics showed warning.


The NASDAQ Composite Index increased by 0.63% on Monday, while the Dow Jones and S&P 500 both saw increases of 0.22% and 0.31%, respectively. The US Futures provided assistance this morning. The NASDAQ mini increased by 41 points while the DJI mini gained 50 points.



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