Stock Track | KINGSOFT CLOUD Soars 13.70% on China Economic Recovery Hopes

Stock Track12-04

KINGSOFT CLOUD (03896) saw its shares soar 13.70% intraday on Wednesday, outperforming the broader Hong Kong market. This rally came amid growing optimism about China's economic recovery and policy support measures.

The surge was fueled by expectations that China's government will announce more stimulus policies and maintain a growth target around 5% for 2025 at the upcoming Central Economic Work Conference. Investors are betting that these measures will boost domestic demand and benefit companies like KINGSOFT CLOUD, which provides cloud computing services.

Additionally, the Caixin China services PMI for November, while lower than the previous month, remained in expansionary territory at 51.5. This suggested that the service sector, a key driver for KINGSOFT CLOUD's business, is gradually recovering despite lingering concerns about the trade environment.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1178110741?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-04 11:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1178110741","market":"hk","top_or_hot":-1,"title":"Stock Track | KINGSOFT CLOUD Soars 13.70% on China Economic Recovery Hopes","media":"Stock Track","content":"<p>KINGSOFT CLOUD (03896) saw its shares soar 13.70% intraday on Wednesday, outperforming the broader Hong Kong market. This rally came amid growing optimism about China's economic recovery and policy support measures.</p>\n\n<p>The surge was fueled by expectations that China's government will announce more stimulus policies and maintain a growth target around 5% for 2025 at the upcoming Central Economic Work Conference. Investors are betting that these measures will boost domestic demand and benefit companies like KINGSOFT CLOUD, which provides cloud computing services.</p>\n\n<p>Additionally, the Caixin China services PMI for November, while lower than the previous month, remained in expansionary territory at 51.5. This suggested that the service sector, a key driver for KINGSOFT CLOUD's business, is gradually recovering despite lingering concerns about the trade environment.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | KINGSOFT CLOUD Soars 13.70% on China Economic Recovery Hopes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | KINGSOFT CLOUD Soars 13.70% on China Economic Recovery Hopes\n</h2>\n\n<h4 class=\"meta\">\n\n2024-12-04 11:10 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KINGSOFT CLOUD (03896) saw its shares soar 13.70% intraday on Wednesday, outperforming the broader Hong Kong market. This rally came amid growing optimism about China's economic recovery and policy ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03896","symbol_name":"金山云","start_time":0,"source_url":"","article_id":"1178110741","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1178110741","pubTimestamp":1733281827,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"KINGSOFT CLOUD  saw its shares soar 13.70% intraday on Wednesday, outperforming the broader Hong Kong market. This rally came amid growing optimism about China's economic recovery and policy support measures.The surge was fueled by expectations that China's government will announce more stimulus policies and maintain a growth target around 5% for 2025 at the upcoming Central Economic Work Conference. Investors are betting that these measures will boost domestic demand and benefit companies like ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"03896":"金山云"},"translate_title":"股票赛道金山云因中国经济复苏希望飙升13.70%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03896":1},"content_text":"KINGSOFT CLOUD (03896) saw its shares soar 13.70% intraday on Wednesday, outperforming the broader Hong Kong market. This rally came amid growing optimism about China's economic recovery and policy support measures.\nThe surge was fueled by expectations that China's government will announce more stimulus policies and maintain a growth target around 5% for 2025 at the upcoming Central Economic Work Conference. Investors are betting that these measures will boost domestic demand and benefit companies like KINGSOFT CLOUD, which provides cloud computing services.\nAdditionally, the Caixin China services PMI for November, while lower than the previous month, remained in expansionary territory at 51.5. This suggested that the service sector, a key driver for KINGSOFT CLOUD's business, is gradually recovering despite lingering concerns about the trade environment.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1178110741"}