US Stock Market Move | Concept of data center, concept stocks collectively rose, Kingsoft Cloud (KC.US) rose more than 6%
On Monday, the concept stocks of data centers rose across the board, with Kingsoft Cloud (KC.US) and Century Internet (VNET.US) up more than 6%, and Global Data Solutions (GDS.US) up more than 4%.
On Monday, stocks related to the concept of data center in China surged, with KINGSOFT CLOUD (KC.US) and VNET Group, Inc. Sponsored ADR (VNET.US) rising over 6%, and GDS Holdings Ltd. Sponsored ADR Class A (GDS.US) rising over 4%. Morgan Stanley initiated coverage on KINGSOFT CLOUD for the first time on July 7th, giving it a "Hold" rating with a target price of $15.00. The firm positioned KINGSOFT CLOUD as a "pure AI cloud concept stock" and considered it a preferred target in the IT services and software sector in Greater China.
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Haier Smart Home (06690) spent 42.288 million yuan on July 24 to repurchase 1.94 million A shares.
SINOPEC CORP (00386) spent 5.184 million yuan on July 24 to repurchase 1 million A shares.
GUSHENGTANG (02273) spent approximately HK$2.2085 million on July 24th to repurchase 77,800 shares.
Haier Smart Home (06690) spent 42.288 million yuan on July 24 to repurchase 1.94 million A shares.
SINOPEC CORP (00386) spent 5.184 million yuan on July 24 to repurchase 1 million A shares.
GUSHENGTANG (02273) spent approximately HK$2.2085 million on July 24th to repurchase 77,800 shares.
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