đš BREAKING: Hong Kong stocks are getting HAMMERED! đđ°đ
Over HK$177.5 BILLION wiped out as the Hang Seng Index sinks 2%, while Alibaba crashes as much as 10% after pricing a massive HK$80B ($10.2B) share placement to fuel its AI infrastructure push. đ€đ„
Alibaba priced 710M new shares at HK$112.70 each, an 8.4% discount to Fridayâs Hong Kong close. AI ambitions are HUGEâbut markets are feeling the dilution shock! â ïž
Over HK$177.5 BILLION wiped out as the Hang Seng Index sinks 2%, while Alibaba crashes as much as 10% after pricing a massive HK$80B ($10.2B) share placement to fuel its AI infrastructure push. đ€đ„
Alibaba priced 710M new shares at HK$112.70 each, an 8.4% discount to Fridayâs Hong Kong close. AI ambitions are HUGEâbut markets are feeling the dilution shock! â ïž
