The maximum price reduction exceeded 11%. BYD and Tesla teamed up 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.

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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%.

Futu News12:18

Market update | Semiconductor Manufacturing International Corporation surged more than 5% in early trading, Goldman Sachs is bullish on the company's revenue outlook, expecting the gross margin to gradually recover.

Goldman Sachs released a Research Report stating that they remain Bullish on Semiconductor Manufacturing International Corporation as the leading foundry enterprise in China, due to the increasing demand from its clients for localized production.

Futu News09:45

Futu Morning Report | Apple hits a new high for four consecutive days! Wedbush raises the Target Price to $325; US Small Cap stocks are booming, with Drone and Quantum Computing concept stocks leading the surge.

The number of initial jobless claims in the USA fell to the lowest level in a month last week, but the duration of unemployment has increased; NVIDIA has launched the GB200 NLV4, and the GB300 is expected to be released in March next year; additional upward momentum? MicroStrategy plans to sell more shares to raise funds for purchasing Bitcoin.

Futu News08:09

After Tesla, BYD, and Xiaopeng, GAC has also entered the market! The embodied intelligence sector is crowded with car companies.

① The humanoid robot created by Guangzhou Automobile Group integrates both four-wheeled and two-wheeled modes. ② Some opinions suggest that while there are plenty of robots in the automobile production workshop, the understanding of scenarios for humanoid robots needs to be deepened in order to break through more technical boundaries.

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With 260 billion on the account! Contemporary Amperex Technology plans to list again in Hong Kong, reiterating its Global Strategy | Quick read announcement.

① Contemporary Amperex Technology plans to issue Overseas Listed in Hong Kong Stocks and apply for listing on the Main Board of the Hong Kong Stock Exchange; ② The company stated that the H shares listing is to further promote "the company's Global Strategy layout and create an international capital operation platform."

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