Chinese tech stops slip

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 31 March 2025

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Chinese tech stocks in correction territory amid profit-taking, global selloff. (00:22) Musk’s SpaceX, Apple (AAPL) at loggerheads over satellite internet. (01:40) Eli Lilly’s (LLY) lepodisiran slashes inherited heart disease risk factor by 94% in Phase 2 trial. (02:24)

Episode transcripts seekingalpha.com/wsb.

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Transcript

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0:00.0	Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.
0:08.1	Good morning. Today is Monday, March 31st. I'm Julie Morgan. Chinese tech stock slide. SpaceX is at odds with Apple, and Eli Lilly targets heart disease.
0:22.2	Chinese technology stocks have slipped into correction territory as investors book profits
0:27.7	following the Deep Seek-fueled rally, with the Hangsang Tech Index declining about 12%
0:33.4	since its highest level this year. The index fell 1.7% on Monday amid a broader decline in equities around the world,
0:42.7	ahead of Donald Trump's massive tariff plan expected on Wednesday.
0:47.0	Stocks in the Hangsang Tech Index include Shalmi down 3.4%.
0:52.0	JD.com down 1.9%. Alibaba down 1.7% and Tencent down 1.7% as well.
1:02.4	A China strategist for Alethea capital told CNBC that there is no specific bad news for China tech stocks.
1:09.8	So the recent correction is largely due to profit
1:13.1	taking and the relatively subdued China recovery. A senior equity advisor at UBP said the correction
1:19.9	is normal after the deep seek driven rally. He added that Chinese tech stocks still have room to
1:25.8	appreciate given their relatively low valuations
1:28.8	and earnings potential. The Hangsang Index dipped 1% while the Shanghai Composite Index was down
1:35.9	0.5% at the time of this recording. SpaceX is reportedly clashing with Apple. The Wall Street Journal reported on Sunday citing unnamed sources that SpaceX, which run Starlink satellite internet communications, has pushed for federal regulators to stall Apple's plans to expand its own satellite fleet.
1:58.0	The company has also been lobbying the Federal Communications Commission
2:02.3	to block Apple's partner Global Star from launching 48 low-earth satellites, claiming that its C-3
2:09.1	constellation would use the disputed 1.6 and 2.4 gigahertz spectrums. SpaceX and T-Mobile already
2:17.4	have a deal with Apple to allow Starlink on new iPhones
2:20.8	with services to start this summer.
2:24.2	Eli Lilly released positive phase two results for its small interfering RNA drug candidate
2:30.0	Lepo-Dissoran on Sunday.
	...

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