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Unimicron Roars, Tencent Jump, CCB Down
Published 1 week, 6 days ago
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- A rally in Asian AI stocks following signs of success for Meta's personal agent cooled in the afternoon
- Tencent launched its latest and best image-generation model on the same day as rival Alibaba Group Holding Ltd. kicked off its AI conference, signaling intent to catch up to industry leaders like ByteDance Ltd.
- Citi expects continued volatility in September for Chinese property stocks as the market has partially priced in risks from the completed-home sales policy, including a smaller new home market & earnings/ROE pressure from a longer cash cycle.
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