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But on Tuesday, Apple lost 6.73 percent; Amazon fell 4.39 percent; Facebook lost 4.09 percent; and Zoom Video Communication, a video-conferencing software company, declined 5.14 percent.

But Olsavsky made sure to note that AWS revenue is now on a billion annual run rate, compared to a billion run rate last quarter. Microsoft’s entire cloud business – which includes Azure, Office 365, Dynamics 365, and a few other things – hit a .9 billion run rate during its last quarter.

But constructing such a mega project won't be easy. Its total cost is estimated at billion, including strengthening the existing 30-kilometer coastal dikes, creating 17 artificial islands and building giant sea walls on the western and eastern sides of Jakarta Bay.

But he sometimes digressed from those principles - he supported the Trans Mountain Pipeline System, a pipeline that carries crude and refined oil from Alberta province to the coast of British Columbia - which didn't sit well with environmentalists. His promise of federal electoral reform also was not kept, which displeased some on the left.

But Tang cautioned about the downside risk from shrinking external demand, as great uncertainties remain over the resumption of overseas economic activity.