Nvidia has authorized an extra $150 billion in share repurchases, bringing its total firepower to $235 billion over two years. The move highlights a stark gap with China's A-share market, where full-year buybacks total around 142.7 billion yuan.
Chinese solar-wafer maker TCL Zhonghuan will spend up to 500 million yuan buying back its own Shenzhen-listed shares for an employee ownership plan. The move follows a wave of similar buybacks as Chinese listed firms try to steady sentiment.
Hong Kong's Hang Seng Index fell as much as 2% on Friday, dragging Chinese tech giants lower, while Xiaomi spent HK$50.1 million repurchasing its own shares. The pullback follows a softer night for US-listed Chinese stocks and rising Treasury yields.
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