Movement Alert|GDS Holdings Intraday Rise 8.92%, Overnight US-Listed Chinese Stock Rally Lifts HK Shares

Market Focus
Yesterday

On July 2, GDS Holdings-SW rose 8.92% in regular trading, trading at HKD 30.56/share, with turnover of HKD 98.74 million.

On the news front, overnight US-listed Chinese stocks broadly rallied, with GDS US shares rising over 7% and the Nasdaq China Golden Dragon Index gaining nearly 2%, driving HK-listed peers higher in the current session. Goldman Sachs had previously identified the cloud and data center sub-sector as its top pick for the second half of the year, forecasting that daily token consumption in China would reach 350 trillion by year-end.

The broader Internet Services and Infrastructure sector showed strong momentum. Among sector peers, Sunevision rose 11.26%, Crypto Flow gained 7.52%, and Kingsoft Cloud advanced 4.96%. GDS reported record single-quarter net new bookings of approximately 200MW in Q1 and maintained full-year revenue guidance of RMB 12.4-12.9 billion, supported by accelerating AI infrastructure demand and hyperscaler adoption.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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