China Blocks Meta's Acquisition of Manus AI Startup

China's decision to block Meta's acquisition of the Manus AI startup signals rising geopolitical tensions in the global technology and artificial intelligence sectors. This development, occurring amid deepening US-China technology competition, could undermine investor confidence and reduce risk appetite. In the short term, tech-heavy indices such as the Nasdaq may face selling pressure, and a cautious sentiment toward emerging markets could emerge. Emerging markets like Turkey may also be negatively affected by this global risk-off trend.

Although the news reflects China's restrictive stance on foreign technology acquisitions, it is not expected to have a direct impact on BABA. Technical indicators are sending mixed signals: R14 is at 52.9, in neutral territory; MACD is positive but weak; and the price is just above SMA20 and SMA50. No clear directional signal has formed in the short term, so a neutral outlook stands out.

The news reflects China's restrictive attitude toward foreign technology acquisitions, which could create pressure on technology stocks. Technically, although the price is just above the 20-day moving average (470.39), remaining below the 50-day average (477.10) indicates weakness. With the RSI at 48 in neutral territory and the MACD negative below the signal line, short-term momentum appears weak. The 1.09% decline in the last 24 hours signals that selling pressure may continue. However, since the news does not directly impact Tencent's business model and the market is accustomed to such geopolitical news, the decline is expected to be limited.