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Hong Kong Stocks Ease From 2-Month High as Baidu Slumps on Growth Concerns

Summary by South China Morning Post
The market is likely to trade sideways as there are no catalysts to support a rally, Dongxing Securities analyst Lin Yang says.

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Chinese companies including Alibaba, Tencent and JD.com reported positive results for the first quarter of 2025. Growth in e-commerce and advertising revenue surprised, especially in the context of trade tensions with the US. Artificial intelligence (AI) is significantly improving advertising efficiency and supporting consumer spending, even as household confidence in China fell to a 2.5-year low. Alibaba increased sales across its Taobao and Tm…

·Bratislava Region, Slovakia
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Bias Distribution

  • 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
33% Right
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Bloomberg broke the news in United States on Wednesday, May 21, 2025.
Sources are mostly out of (0)