Catenaa, Monday, February 24, 2025– Hedge funds have exited US tech and media stocks during the two weeks ending on February 21 at the fastest pace in six months, according to Goldman Sachs. A note sent to Goldman Sachs clients on Friday said speculators “aggressively” dumped both long and short positions in AI-related equipment, media, and communications […]

Catenaa, Tuesday, February 18, 2025 – Hong Kong’s (HK) Hang Seng TECH Index, which represents the 30 largest listed technology companies, recorded a 3-year high on Tuesday after it gained over 3% fueled by the Al rally and promised relief by Chinese President Xi Jinping. Hoever, China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes moved little […]

Catenaa, Monday, March 24, 2025- Xiaomi is offering a share sale seeking to raise $5.3 billion to capitalize on the rally around Chinese stocks to expand its EV business, a Bloomberg report said on Monday. The EV and mobile maker is offering 750 million shares at HK$52.80 to HK$54.60 apiece, according to terms of the […]