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It was another record high for the Nasdaq yesterday, although the index only rose by 0.3%. The strength of tech stocks has stood in contrast to the rise in real interest rates - the US real 5-year yield has increased by over 25 bp since its recent low of -2% in July. That is perhaps because investors are now more focused on the earnings of those companies, which generally outperformed expectations in the last set of announcements. Source: MacroMarketsDaily

Investors got a little clarity on the regulatory outlook on Tuesday, and bought some of the names that had taken a beating in recent months, causing a massive rise in Hong Kong-listed Chinese tech companies. Tencent's stock increased by 7%, Meituan's stock increased by roughly 12%, and Alibaba's Hong Kong-listed stock increased by 7%. JD.com's stock soared more than 13% after the company's second-quarter earnings topped market forecasts. Source: CNBC

Samsung Group has launched a 240 trillion won ($205 billion) expansion plan that will generate 10,000 new positions over the next three years, as part of a sweeping investment plan aimed at consolidating the South Korean conglomerate's leadership in next-generation technology. Source: Bloomberg

Chinese tech stocks rallied for a second day as sentiment was boosted by Tencent Holdings stock buyback and also as Cathie Wood got back in the game with shares of JD.com back on her books. There is a bunch of buy the dip momentum seen with Chinese tech shares right now, including Alibaba, Meituan and Kuaishou. Source. Bloomberg

The chip-making company Applied Materials managed to give a promising forecast regarding its operations. Revenue will be roughly $6.3 billion in the three-month period ending in October, vs. an analyst estimate of $6.04 billion on average. Profit will be $1.87 to $2.01 a share in the fiscal fourth quarter, compared with an average estimate of $1.81. Source: Bloomberg