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2823.HKHKSE
Financial ServicesAsset Management - Global
HK$17.35
HK$0.59(3.29%)
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Nvidia AI Chip Demand in China Sends Black Market Prices Soaring Over 100%
📅 in about 5 hours

Nvidia AI Chip Demand in China Sends Black Market Prices Soaring Over 100%

China’s race to build artificial intelligence models is creating an unexpected market boom for restricted chips. The NVIDIA AI Chip has become one of the most sought-after technology products in China, with some high-end systems now selling for more than double their original prices. Rising AI demand, tighter export controls, and shrinking supply routes have…

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FTSE 100 Falls 0.71% as Investors Assess Post-Starmer Political Uncertainty and Burnham Transition
📅 14 hours ago

FTSE 100 Falls 0.71% as Investors Assess Post-Starmer Political Uncertainty and Burnham Transition

The FTSE 100 moved lower on Tuesday as investors weighed the political impact of Prime Minister Keir Starmer’s resignation and the growing possibility of Andy Burnham taking over the country’s leadership. Market participants also monitored broader European weakness, currency movements, and concerns about future fiscal policy. The decline came after a brief relief rally a…

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Bitcoin Drops 1.2% Below $64K Amid Persistent Institutional Selling and Fed Rate Concerns
📅 16 hours ago

Bitcoin Drops 1.2% Below $64K Amid Persistent Institutional Selling and Fed Rate Concerns

Bitcoin slipped below the $64,000 mark in late June 2026, extending a period of market uncertainty driven by institutional selling and concerns over U.S. interest rates. The world’s largest cryptocurrency has struggled to regain momentum as investors weigh the impact of Federal Reserve policy and slowing demand from major market participants.  With Bitcoin approaching key…

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Tesla Inc (TSLA) +1.04%: Jefferies Revises Down Target, Highlights SpaceX Tracking Stock Risk
📅 1 day ago

Tesla Inc (TSLA) +1.04%: Jefferies Revises Down Target, Highlights SpaceX Tracking Stock Risk

Tesla Inc (TSLA) traded higher by about 1% in recent sessions in June 2026, even as Wall Street turned cautious. In a fresh note, Jefferies revised its price target lower and flagged new concerns around valuation pressure. The report also pointed to growing risks linked to SpaceX-related tracking stock sentiment and Elon Musk’s wider business…

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Huawei’s CloudMatrix Cluster Achieves 30% Utilization After Training DeepSeek’s 1.6-Trillion-Parameter AI Model 
📅 1 day ago

Huawei’s CloudMatrix Cluster Achieves 30% Utilization After Training DeepSeek’s 1.6-Trillion-Parameter AI Model 

Huawei’s AI ambitions reached a new milestone in June 2026 when reports revealed that its CloudMatrix cluster achieved 30% utilization while post-training DeepSeek V4-Pro, a massive 1.6-trillion-parameter AI model. The achievement highlights the growing capabilities of Huawei’s Ascend chip ecosystem at a time when global competition in artificial intelligence infrastructure is intensifying.  As China pushes…

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Starmer Resigns: Pound Falls 0.4% Near 2026 Low as GBP/USD Slips to $1.3181
📅 1 day ago

Starmer Resigns: Pound Falls 0.4% Near 2026 Low as GBP/USD Slips to $1.3181

The British pound came under fresh pressure on June 22, 2026, after Prime Minister Keir Starmer announced his resignation, triggering uncertainty across UK financial markets. Sterling fell 0.4% against the US dollar, slipping to around $1.3181 and moving close to its lowest level of the year.  Investors are now assessing what a leadership change could…

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FTSE 100 Dips 0.07% as Political Concerns Return Despite Improved Sentiment on Hormuz Talks
📅 1 day ago

FTSE 100 Dips 0.07% as Political Concerns Return Despite Improved Sentiment on Hormuz Talks

The FTSE 100 edged lower on Monday as investors balanced improving news from the Middle East with renewed political uncertainty in the United Kingdom. While hopes of progress in talks over the reopening of the Strait of Hormuz helped reduce pressure on oil prices, concerns over the UK’s political outlook kept buyers cautious. The benchmark…

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STOXX 600 Opens 0.1% Higher Ahead of ECB Remarks, While Markets Monitor UK Leadership Speculation
📅 1 day ago

STOXX 600 Opens 0.1% Higher Ahead of ECB Remarks, While Markets Monitor UK Leadership Speculation

European markets started the week on a cautious but positive note as the STOXX 600 opened 0.1% higher, supported by easing geopolitical concerns after progress in United States and Iran discussions. However, investors avoided aggressive buying ahead of remarks from European Central Bank officials. At the same time, political developments in the United Kingdom remained…

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Tencent Holdings (HKG: 0700) at 434.00 HKD Up +1.41% as WeChat AI Assistant Testing Begins
📅 1 day ago

Tencent Holdings (HKG: 0700) at 434.00 HKD Up +1.41% as WeChat AI Assistant Testing Begins

Tencent Holdings stock gained 1.41% to 434.00 HKD on June 22, 2026, driven by a concrete and timely AI catalyst. Tencent Holdings Ltd. has started testing a new AI assistant for WeChat, known as Xiaowei, making it available to a small number of users, with users able to interact via text or voice to complete…

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