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PRE-MARKET CHINESE STOCKS NEWS: Alibaba (9988 HK) reportedly attracted more than 400 clients for its new chip

Alibaba's strong client interest in its new chip is a sign of confidence in China's tech sector, which could help stabilize sentiment amidst ongoing geopolitical tensions.

Newsquawk StaffPublished On the live feed at — 3 more headlines followed before this page went public
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US President Trump and Democrats say a deal is reached to avert a shutdown in which the Senate would move quickly to pass five of the six spending bills that have cleared the House, according to WSJ

PBoC injects CNY 478bln via 7-day reverse repos with the rate at 1.40%

PRE-MARKET CHINESE STOCKS NEWS: Alibaba (9988 HK) reportedly attracted more than 400 clients for its new chip

London Metal Exchange delays market opening due to technical issues, according to Bloomberg

PBoC sets USD/CNY mid-point at 6.9678 vs exp. 6.9459 (Prev. 6.9771)

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Alibaba (9988 HK) - Co. reportedly attracted more than 400 clients for its new chip, according to sources. (Newswires)

Aluminium Corporation of China (601600 CH) - Co. and Rio Tinto (RIO AT) agreed to acquire a controlling stake in the Companhia Brasileira de Aluminio for around USD 904mln. (Newswires)

China South City Holdings (1668 HK) - Co. proposed preliminary restructuring terms although they will be subject to further negotiation and there is no definitive agreement yet. (Newswires)

China Suntien Green Energy (956 HK) - Co. Q4 power generation rose 3.7% Y/Y to 4.44TWh. (Newswires)

New World Development (17 HK) - Blackstone (BX) is said to be in talks for a stake in the Co. (Newswires)

Sunny Optical Technology Group (2382 HK) - Co. issued a positive profit alert with prelim. FY25 net to increase 70%-75% Y/Y to CNY 4.59bln-4.72bln. (Newswires)

Other News

US President Trump said it is ‘very dangerous’ for the UK to get into business with China and even more dangerous for Canada to get into business with China. (Newswires)

China MOFCOM spokesperson, when asked about a potential round of US-China trade talks, said China is willing to work with the US side to jointly uphold and implement the important consensus of the two heads of state. (Global Times)

China and the UK agreed to resume high-level security dialogue, with a new strategic and economic dialogue planned in 2026. (Xinhua)

UK PM Starmer's office confirmed that China will cut the tariff on UK whisky to 5% from 10%. (Newswires)

Context

The context of US-China trade discussions and recent tariff changes conveys that while challenges remain, there’s a mutual interest in economic engagement that may positively influence market dynamics. This backdrop could affect not only tech stocks but also broader investment sentiment in the Asia-Pacific region.

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