The Hang Seng Index closed down 232.57 points, or 0.87%, at 26,393.71 on Friday, May 8. The Hang Seng Tech Index closed down 18.31 points, or 0.36%, at 5,102.79 on Friday, May 8. The H-share Index closed down 30.41 points, or 0.34%, at 8,889.07 on Fr

Federal Reserve's Daly: Wage growth is in line with the 2% inflation target.

Individual Stock News 1. TSMC (TSM.N): April revenue was NT$410.73 billion, compared to NT$415.19 billion in the previous month. 2. Sony (SONY.N) will collaborate with TSMC (TSM.N) to explore physical artificial intelligence applications in the automotive and robotics sectors. 3. Hillhouse Capital is reportedly planning to acquire Marsh's financial risk management and life insurance brokerage business, which primarily serves high-net-worth individuals in Asia. 4. Amazon's (AMZN.O) cloud computing division reported on Thursday that an availability zone at one of its data centers in Northern Virginia experienced a failure. 5. Toyota Motor (TM.N): Revenue for the fourth fiscal quarter ending March 31 was ¥12.6 trillion, a year-on-year increase of 1.9%; operating profit plummeted 49% to ¥569.4 billion, far below market expectations of ¥813.28 billion. 6. Microchip Technology (MCHP.O): Q4 FY2026 revenue increased 35% year-over-year to $1.31 billion, exceeding the average analyst estimate of $1.26 billion; adjusted EPS was $0.57, exceeding the average analyst estimate of $0.50. 7. Cloudflare (NET.N): Q1 FY2026 revenue reached $639.8 million, a significant year-over-year increase of 34%; adjusted EPS was $0.25. Q2 revenue guidance is $664 million to $665 million, with adjusted EPS of $0.27. 8. Coreweave (CRWV.O): Q1 revenue was $2.1 billion, a year-over-year increase of 112%, with contract revenue backlog approaching $100 billion; Q1 adjusted loss per share reached $1.12, and Q2 adjusted operating profit guidance is only $30 million to $90 million. 9. Nvidia (NVDA.O) will invest up to $2.1 billion in data center developer IREN (IREN.O) as part of a broader collaboration between the two companies aimed at accelerating the construction of artificial intelligence infrastructure; at the same time, the two companies have reached a $3.4 billion AI cloud computing contract to procure and deploy Nvidia's Blackwell processors.