Brokerages need a bull market more than individual investors.
This National Day holiday is somewhat unusual, with the A-share market experiencing an unprecedented surge before the festival, making countless people restless, hoping for the first time not to take a break and to open the market quickly.
Witness history! The sse composite index surged by 10%! All A-share brokerages hit the limit up! Semiconductors almost all hit the limit up.
After the National Day holiday, the A-share king is back!
Bull market resurgence in 2015? Morgan Stanley: Another 2-3 trillion retail investors' funds may enter the market
According to Daiwa's estimation, if retail investors' sentiment remains high, as much as 2-3 trillion RMB in China's household financial assets will be reallocated to the stock market. As long as the momentum is strong enough, brokerage stocks are expected to rise by another 30%, and roe may rebound to around 13%.
Brokerage stocks continued to soar in the afternoon! Chinese brokerage sector rose by over 12%, with China Merchants and other individual stocks hitting new highs.
As of around 3 p.m., the Chinese brokerage index rose by 11%, hitting a new historical high. China Merchants Securities and China International Capital Corporation surged by over 20%, csc rose by 17%, Orient Securities rose by over 15%, Guolian Securities rose by over 11%, Everbright Securities rose by over 10%, and Gf Sec rose by over 8%.
hunan sokan new materials plans to establish 2 new subsidiaries in the usa to further expand its automotive coating business.
①Regarding the layout of the automotive coating materials business, Hunan Sokan New Materials stated that the company has achieved a layout of "from interior to exterior" and "from small parts to large parts" starting from the auto parts coating market; ②In recent years, Hunan Sokan New Materials has been increasing its application and promotion efforts in the passenger autos market while developing the main business of high-end consumer electronics.
In the second quarter, Huawei ranked first in global wrist-wearing market shipments, and smart wearable devices may become a new frontier for AI implementation.
1. According to IDC data, Huawei shipped 8.883 million units in the global wearable device market in the second quarter of 2024, with 5.965 million units shipped in China, becoming the top player in both the global and Chinese wearable markets. 2. Shanxi believes that leading domestic consumer electronics manufacturers are bullish on the prospects of wearable devices. With the continuous maturation of edge AI technology, wearable devices will become a new outlet for AI applications.