Daily Bulls and Bears | The Hang Seng Index futures fell below 0.02 million points, with a net Inflow of 13 million Hong Kong dollars for short positions; SMOORE INTL surged by 16%, with one warrant earning over 500%.
As of market close, the total market turnover was 128.56 billion Hong Kong dollars, with all warrants and callable bull/bear contracts totaling a turnover of 7.744 billion Hong Kong dollars, accounting for 6% of the total market turnover, with long positions accounting for 3.9% and short positions accounting for 2.1%.
2024 is the "explosion year" for Asia Vets in autonomous driving: companies rushing to go public, aiming for a trillion-level market.
This year, the carrot racing on the streets of Wuhan has caught public attention, and Tesla's Self-Driving Cars robotaxi has unveiled its mysterious veil, with companies from China and the United States racing ahead in the Asia Vets driving track.
Policy stimulus for 3C and home appliance demand release. Will the multiplier effect of the "trade-in" policy continue in 2025? | Year-end review.
In 2024, the implementation of the "national subsidy" policy for the exchange of old for new will effectively stimulate the demand for home appliances and Consumer Electronics. Market analysis suggests that related subsidies for the exchange of old for new are expected to continue next year, with mobile phones and more home improvement categories likely included, while the future policy-driven effects still remain to be observed.
Weekend reading | Nissan and Honda's major merger, a battle against BYD and Tesla.
Once the integration of the two major auto companies is successful, it will become the largest reorganization case in the Global Autos Industry since the merger of Fiat Chrysler Automobiles and PSA Group to form Stellantis for 52 billion dollars in 2021.
A maximum decrease of over 11%! BYD and Tesla are "joining forces" to lower prices at the end of the year, making a final push for the "Year of the Dragon."
① BYD and Tesla, the two leading companies in the New energy Fund, will successively launch limited-time promotional activities at the end of 2024 for a final push; ② At the beginning of next year, discounts on new vehicles may increase, reigniting a "price war" in the auto market.
Hong Kong Stock Market Midday Review | All three major Indexes rose after the holiday, with the Tech Index up over 1%; Xiaomi-Backed, Semiconductors, and Communication Equipment stocks increased, Kingsoft Cloud soared over 33%, ZTE rose over 12%, and Semi
The Network Technology stocks are mixed; XIAOMI-W has risen over 5%, KUAISHOU-W has fallen by 1.39%, Baidu has dropped by 1.11%, JD-SW has decreased by 3.69%, MEITUAN-W has increased by 0.26%, and TENCENT has fallen by 0.24%.