Sentiment was also aided by Alibaba’s forecast-beating quarterly revenue and the e-commerce giant’s vow to invest in AI infrastructure ‘aggressively’.
SHANGHAI: China and Hong Kong stocks closed largely higher today, buoyed by overnight strength on Wall Street and Alibaba’s plan to keep investing “aggressively” in artificial intelligence.
China’s blue-chip CSI300 Index gained 0.6%, while the Shanghai Composite Index edged down 0.2%.
Hong Kong’s benchmark Hang Seng Index was up 0.1%.
Communications minister Fahmi Fadzil says this takes into account what has been successfully done in other countries like Australia.
Khalid Ismail says police are committed to complying with the Ipoh High Court’s order to reunite M Indira Gandhi with her daughter, Prasana Diksa.