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Reports regarding Trump tariffs are a burden.
The Nikkei average experienced a significant decline, finishing at 39,605.09 yen, down 375.97 yen (Estimated Volume of 1.8 billion 40 million shares). Selling became prominent due to some reports regarding tariffs in the USA and the tightening of export regulations on Semiconductors to China. With the US market being closed on the 9th, selling by European players was also observed, along with position adjustments ahead of the SQ calculation date for January futures, leading to a drop to 39,385.05 yen during the mid-afternoon session. In the latter part of the session, there was some buying on dips.
Tencent rebounded by 2%! WeChat has been removed from the 2024 notorious markets list by the Office of the United States Trade Representative.
On January 8, the USA Office of the President under the Office of the Trade Representative (USTR) released the "2024 List of Notorious Markets for Counterfeiting and Piracy," and several Chinese Internet Plus-Related products are still included. Notably, Tencent's WeChat, which was previously on the list, has been removed this time.
Wall Street continues to be bullish on Tencent and Contemporary Amperex Technology.
Among the Chinese companies listed by the USA Department of Defense, Tencent and Contemporary Amperex Technology are the most favored Chinese Stocks by American investors, as Wall Street sees a buying opportunity amid falling stock prices. At the same time, due to the lack of transparency from the USA regarding the listing of Chinese companies, investors should prepare for the fluctuations that may arise for Chinese Stocks.
The resilience of Semiconductors-related stocks provides support.
The Nikkei average fell, closing at 39,981.06 yen, down 102.24 yen (with an estimated Volume of 1.8 billion and 50 million shares) in Trade. Influenced by the drop in tech stocks in the previous day's USA market, selling started initially, and shortly after the beginning of Trade, it dropped to 39,705.81 yen. However, after the selling subsided, Semiconductors stocks rebounded, and the exchange rate temporarily shifted to a weaker yen at around 158 yen per dollar, leading to a subsequent slow-down in the decline. Additionally, USA stock Futures remained stable.
Tencent's Hong Kong stocks fell by 7%! It was listed on the USA Department of Defense's 1260H list, and the latest response has arrived.
Source: Brokerage China Author: Shi Qian USA has new actions! Overnight, Tencent's ADR $Tencent(ADR)(TCEHY.US)$ dropped more than 7%. This morning, Hong Kong stocks $Tencent(00700.HK)$ opened down 7%, reported at 380.6 Hong Kong dollars. The US Department of Defense stated on Monday that it has added Chinese Technology giants, including Tencent, $Contemporary Amperex Technology(300750.SZ)$, to the 1260H list. The list also includes chip manufacturer Changxin Storage, $Quectel Wireless Solutions(603236.SH)$, and Drone manufacturer $Daotongke.
Futu Daily News | The Technology grand event CES is coming today! Jensen Huang's keynote speech raises market expectations; Tencent and Contemporary Amperex Technology respond to being listed on the USA Department of Defense list: it is a mistake, and the
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