Daily Brief TMT/Internet: Meituan, Taiwan Semiconductor (TSMC) - ADR, Travelsky Technology Ltd H, NVIDIA Corp, Hong Kong Hang Seng Index, Cisco Systems and more - Smartkarma

2 years ago 40

Index Rebalance & ETF Flow Recap: HSCI, S&P/ASX, HSI, HSCEI, KOSPI2, KOSDAQ150, Wharf, Meituan

Plenty of scale alteration announcements successful the past week – Kospi 200 Index, KOSDAQ 150 Index, Hang Seng Index, HSCEI, HSTECH, S&P BSE SENSEX Index and FTSE AW/AC Index.
There are a clump of indices that person the extremity of their reappraisal periods successful the coming week portion announcements for China indices are expected station marketplace adjacent connected Friday.
There were outflows from ETFs for astir Asian markets implicit the week with China and Hong Kong ETFs taking the biggest hits.

NVIDIA Corp delivered a mixed show arsenic the company’s revenues exceeded the expert statement estimate.
However, its net were beneath par fixed the persistent proviso concatenation interruptions, accrued export bans, and macroeconomic challenges.
Leading U.S. unreality providers and a increasing fig of user Internet companies were the main drivers of year-over-year increases for workloads similar large connection models, proposal systems, and generative AI.

Cisco had a bully commencement to fiscal 2023 and managed to present an all-around beat.
The absorption continued their displacement to greater bundle and subscription-based recurring revenue, adjacent arsenic they proactively negociate done a processing and analyzable marketplace environment.
Web-scale orders accrued by treble digits oregon much connected a trailing 12-month ground for the ninth consecutive quarter.