Image chip maker NVIDIA Corp beat expectations in its quarterly results and outlook, with its share price soaring 12% last night to reach a record high of $327.6, closing at $316.75, up 8.3%. Blue-chip Microsoft Corp (MSFT.US) and Apple Inc (2.9%), who plans to speed up the research and development of electric cars, rose 0.6% and 2.9% to record highs of $342.45 and $158.67, respectively, supporting the Nasdaq's repeated highs of 16010 last night (temporarily capped by a record high of 16053 set earlier this month) and a record 15993 revenue market, rebounding nearly 0.5 per cent.
However, the Hong Kong Heng Biotechnology Index has fallen three times in a row under the control of the hundred Skyline, which fell sharply by 3% yesterday. It fell as low as 2.1% this morning as low as 6p341, and the half-day close was 392, with a further drop of 1.3%. 30 Hengke constituent stocks are generally under pressure.
BABA (09988.HK) expects revenue to grow by only 20% this fiscal year, 23%, the lowest since the listing, and Credit Suisse cut BABA's target price by more than half to Rmb176 to reflect his expectations. After losing 50 antennas by more than half yesterday, the stock fell as low as 139.2 yuan this morning with the US stock BABA (down 11%), closing at 139.8 yuan a day, a further drop of more than 10%. Alibaba Health Information Technology (00241.HK), which released the list on Wednesday, fell three times in a row, and its share price fell 6 per cent yesterday. It fell as low as Rmb8.72 this morning, the lowest since early January last year, and is now trading at Rmb8.84, down 5.8 per cent.
Zhongan Online P&C Insurance (06060.HK), GDS Holdings Limited (09698.HK), Ming Yuan Cloud Group (00909.HK), Meituan (03690.HK), Kuaishou Technology (01024.HK), Ji Ji "Jiehong" took the lead in speedy vomiting of nearly 8% Baidu, Inc. (09888.HK) yesterday, and 02013.HK (Weimeng) fell more than 2% Kui 4%, as low as 26.3 yuan, 55.75 yuan, 24.75 yuan, 273 yuan, 92.05 yuan, 149.4 yuan and 10.22 yuan, respectively, as low as 26.3 yuan, 55.75 yuan, 24.75 yuan, 273 yuan, 92.05 yuan, 149.4 yuan and 10.22 yuan respectively. Tencent (00700.HK), a heavyweight stock, was accepted as low as 485 yuan, with a half-day income of 492.4 yuan and only 0.9% vomiting.
However, JD.com Group-SW (09618.HK), which is looking forward to "dyeing blue", saw its annual income grow by nearly 26 per cent to 218.708 billion yuan last quarter, while Nomura said it expected to maintain JD.com 's US stock target price of $95 and its "buy" rating of JD.com. Hong Kong-listed JD.com twisted and vomited, and the share price rose to 345 yuan this morning with the US stock market (up nearly 6% to close at US $88.1), a high of more than eight months. It closed at 341.2 yuan in half a day, up 5.6%.
BYD Electronic (00285.HK), 02018.HK (AAC) and Haier Smart Home (06690.HK) also repeatedly rebounded 1.9% to 29.5 yuan, 34.70 yuan and 30.1 yuan respectively for half a day.