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05/06/2026
The South Korean composite stock price index opened down by 3.7% to 8323.20 points.
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2 m ago
Hong Kong stocks are moving | Quantitative faction (02685.HK) opens nearly 15% higher, pushing forward AI technology verification in the restaurant consumer scene, controlling shareholders voluntarily extend the lock-up period.
3 m ago
Broadcom's CEO Hock Tan stated that the company's focus has now shifted from mergers and acquisitions to artificial intelligence because AI provides stronger growth potential. This CEO has built this chip giant through a series of acquisitions. Tan, speaking at the Bloomberg technology conference in San Francisco on Thursday, said that AI revenue is soaring, making external transactions less attractive. "I look around - what can I buy that comes close to that level?" he said. He also stated that acquisitions are disruptive for both the company and its customers. Tan said that the demand for AI infrastructure in the market is almost insatiable. At Broadcom, Tan has made a massive shift towards the AI market. The California-based company sells network chips and custom accelerators that are used to develop and run AI models. He expects this business to bring in over $100 billion in revenue in the fiscal year 2027.
4 m ago
First day of trading for new stock | Dajin Heavy Industry (01081.HK) debuts on the market with a flat opening in the morning trading session. The company is a global leading supplier of core equipment for offshore wind power.
4 m ago
New shares first day | Tianchen Bio-B (01779.HK) listed for the first time, opened 50.22% higher in early trading. Core product LP-003 has started eight clinical trials in China.
4 m ago
New stock first day | Longfeng Group (02290.HK) first lists on the market, opening 16.6% lower in early trading. The company is Hong Kong's third largest retailer of cosmetics, health products, and medicines.
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