Big Tech

15:43

                            Jefferies Group: Lowered Meta Platforms (META.O) target price from $725 to $600.
                        
15:43

                            Jefferies Group: Meta Platforms price target lowered from $725 to $600
                        
                            Jefferies Group: Lowered Meta Platforms' target price from $725 to $600.
                        
15:33

                            Microsoft statement: It is untrue that it will stop operating in China
                        
                            Microsoft issued an official statement: "Reports that Microsoft will cease operations in China are false. Any questions about Wicresoft's business and operations should be directed to them."
                        
15:09

                            Tariff war may put Apple on a "life test" and prices of its products in the US may rise
                        
                            US media reported on April 6 local time that the "reciprocal tariffs" introduced by the United States may lead to price increases for Apple's main products sold in the United States. Bloomberg reported that the latest tariff impact will be the biggest test Apple has faced so far. Even if Apple accelerates its diversified layout, further adjusts its supply chain, and pushes suppliers to cut prices, once the tariffs are implemented as planned, Apple will still be under cost and profit margin pressure and will have to consider adjusting the prices of its products in the United States. The report said that Apple has responded to tax policies, exchange rate fluctuations and inflation shocks in Europe and Japan by raising prices. In theory, Apple can postpone adjusting prices until the launch of a new generation of mobile phones in September, but this will make product price increases rather than hardware upgrades the focus. Bloomberg believes that it is difficult for Apple to fully realize the manufacture of products in the United States. It will take at least five years to start production, and it will double the cost of Apple equipment, greatly pushing up the price of Apple products, which is disastrous for both the company and consumers.
                        
14:19

                            Rumor has it that Microsoft has stopped operating in China? Employees responded: It mainly affects the outsourcing departments of Office-related businesses
                        
                            On the afternoon of April 7, this morning, a screenshot of an email showing "Microsoft stops operating in China" circulated on social software. The content of the email stated: Due to changes in the geopolitical and international business environment, Microsoft will adjust its global strategic layout and will officially stop operating in China from April 8, 2025. It is understood that this email is information from Shanghai Wicresoft. An internal employee of Wicresoft revealed to Sina Technology that "the affected business mainly includes office-related business outsourcing departments." He also mentioned that "the leaders who were notified on the 3rd had no work to do on the 4th, and today the leaders told us directly. Our entire project team has been shut down, about four or five hundred people, and are waiting in line for an interview, with n+1." Public information shows that Wicresoft Software is the first joint venture company invested by Microsoft in China. It was established in 2002. Its enterprise digital service customers involve the world, and its business scope is wide, covering high-tech, Internet, finance, insurance, manufacturing, automobiles, energy, public utilities and other industries. In addition, Wicresoft Software also has multiple delivery centers around the world. As of press time, Microsoft has not responded. In response, Sina Technology called the official phone number of Wicresoft, and the relevant staff said, "We have not received any news yet, and we do not have the authority to release it to the public. Please refer to the official news for accuracy."
                        
13:12

                            The Hang Seng Tech Index fell more than 15% during the day, Bilibili (09626.HK) fell more than 18%, Alibaba (09988.HK) fell more than 16%, and Xiaomi Group (01810.HK) fell more than 15%.
                        
12:28

                            Apple will not assemble iPhones in the U.S. anytime soon, or ask suppliers to cut prices
                        
                            Mark Gurman, a technology journalist who focuses on Apple, wrote that under the latest tariff policy of the US authorities, Apple will still not move iPhone production to the US in the next few years, mainly because the cost is too high. Gurman also believes that Apple will negotiate with its supply chain to let these supply chain companies give Apple lower pricing; or further adjust the supply chain to disperse component suppliers/product assemblers around the world to cope with tariff challenges, so that Apple can still maintain profit margins under the latest tariff policy of the US authorities.
                        
12:27

                            Shares in India's Tata Motors extended losses, falling 10%.
                        
12:04

                            According to the Wall Street Journal: LG Electronics expects its first-quarter operating profit to fall 5.7%, which is basically in line with market expectations, and its revenue is expected to maintain steady growth.
                        
12:01

                            Hong Kong Stocks Midday Review: Hang Seng Index fell 10.7% Hang Seng Technology Index fell 13.95%
                        
                            At the close of Hong Kong stocks at noon, the Hang Seng Index fell 10.7% and the Hang Seng Technology Index fell 13.95%. Technology stocks fell across the board, with Lenovo Group, Bilibili, Sunny Optical Technology, Kuaishou, Xiaomi Group, Alibaba and many other stocks falling by more than 14%.
                        
12:00

                            India's SENSEX30 index opened down 5.19% at 71449.94 points
                        
                            On Monday (April 7), India's SENSEX30 index opened at 71449.94 points, down 5.19%. Most of the constituent stocks fell, of which one stock rose by more than 1% and 28 stocks fell by more than 1%. In terms of heavyweight stocks, BAJAJFINANCE fell 7.1%, Reliance Industries fell 6.31%, Tata Consulting fell 5.76%, Infosys Technologies fell 5.39%, State Bank of India fell 4.62%, Industrial Credit Investment Bank of India fell 2.33%, and Bharti Airtel fell 2.19%.
                        
11:47

                            Samsung Electronics TV executives: We will continue to pay attention to US tariffs and plan to make corresponding allocations among about 10 production bases around the world.
                        
11:35

                            A-share midday review: Shanghai Composite Index fell 6.34%, and about 3,500 stocks in the market fell more than 9%
                        
                            Today, the three major indexes opened lower and continued to fall. The ChiNext Index fell more than 10% during the session, and individual stocks showed a general decline. As of midday close, the Shanghai Composite Index fell 6.34%, the Shenzhen Component Index fell 8.01%, and the ChiNext Index fell 9.74%. On the market, the seed industry concept rose against the market trend, Shennong Seed, Dunhuang Seed, and Wanxiang Denong hit the daily limit. Chicken concepts strengthened, Xiangjia shares hit the daily limit, and Xiaoming shares rose more than 17%. Apple concepts fell sharply, Goertek, Luxshare Precision, Tony Electronics, Goertek and other stocks hit the daily limit. Copper cable high-speed connection, AI glasses, communication equipment, general machinery, Internet, components and other sectors fell the most. About 3,500 stocks in the entire market fell by more than 9%.
                        
09:53

                            Japan's Sony Corp.'s shares fell 10%.
                        
09:37

                            Apple concept stocks in Hong Kong stocks fell again, with AAC Technologies (02018.HK) falling by 30%, Gowin Electronics (01415.HK) falling by more than 27%, and Q Technology (01478.HK) falling by more than 22%.
                        
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