Asian markets watch Nvidia earnings and Alibaba declines
Asian stock markets remained stable as investors awaited Nvidia's earnings results. Meanwhile, oil prices slightly declined after previous gains, amid expectations of new U.S. sanctions on Iran. Alibaba's shares fell by 8% after completing a $10.21 billion initial public offering to fund AI development, marking the largest secondary listing in Hong Kong and one of the largest deals worldwide this year. This move follows the company's announcement of a 75% drop in quarterly profits due to AI-related expenses, with a focus on expanding its infrastructure in this sector.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)