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Meta Platforms (META.O) fell 2% after Refinitiv reported the company will start producing AI chips in September.
2026-07-09
Meta Platforms (META.O) fell 2% after Refinitiv reported the company will start producing AI chips in September.
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2026-07-09
Bank of Japan: multiple regions reported firms are considering raising prices for food and daily necessities starting this summer.
Bank of Japan: multiple regions reported firms are considering raising prices for food and daily necessities starting this summer.
2026-07-09
HSBC Global Research cut its Hong Kong target price for Alibaba (09988.HK) to HK$166 from HK$172 after lowering its US target to US$170 from US$176, and kept a Buy rating. The bank trimmed its fiscal 2027 adjusted net profit forecast by 3.7% to CNY 9
HSBC Global Research cut its Hong Kong target price for Alibaba (09988.HK) to HK$166 from HK$172 after lowering its US target to US$170 from US$176, and kept a Buy rating. The bank trimmed its fiscal 2027 adjusted net profit forecast by 3.7% to CNY 99.4 bln. For the fiscal first quarter ending June, HSBC expects revenue to rise 8% YoY to CNY 267.9 bln and adjusted net profit to fall 41% YoY to CNY 20.9 bln. HSBC said if Alibaba’s China e‑commerce unit bottoms in Q1, the stock could be re‑rated.
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