After a buyout bid fell through Santos sinks, leading the ASX down this morning. This follows a flat performance in US markets after an expected rate cut, with bets firming for two more. But Hong Kong tech stocks surged magnificently yesterday, along with the broader market, as investors seek growth outside US. They're buying into China's AI story, with Bidu, SMIC and other AI stocks leading the serious rally.

Watchlist: SMIC, Wolfspeed, Santos

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