Express News | Chinese concept stocks have surged strongly! The Nasdaq China Golden Dragon Index has expanded its increase to nearly 4%, with PDD Holdings and Alibaba rising over 5%, and NIO, Xpeng Autos, and Bilibili rising over 4%.
Trump: We will reach an agreement with China and everyone else.
Recently, the USA has been continuously negotiating with various parties regarding tariff issues, but has not yet announced a preliminary trade agreement with any of the countries. In response, Trump stated on the 17th that the US government "is not in a hurry" to announce agreements with specific countries.
JPMorgan: The impact of Trump's tariffs on Chinese concept stocks in the Internet sector is limited.
① Analysts at JPMorgan believe that the impact of USA tariffs on Chinese Internet companies (excluding cross-border e-commerce) is limited, with an effect on online consumption potentially less than 0.5%; ② A report by Jinrui Fund points out that the revenue share of Chinese Internet companies in the USA market is less than 2%, primarily serving China's huge consumer market of 1.4 billion people. ③ JPMorgan expects that PDD Holdings will be the most affected by the tariffs, while Tencent and NetEase are more defensive.
In April, the net inflow exceeded 150 billion Hong Kong dollars! Southbound funds continue to bottom out on Hong Kong stocks, with the Technology sector becoming a key target for inflow.
Despite the Hang Seng TECH Index having corrected more than 20% from its peak on March 7, contrarian investors are accelerating their buying at lower prices. In response, leaders from multiple private equity institutions emphasized that both Hong Kong stocks and A-shares have severely oversold. What is needed now is to maintain patience, as the market always harbors opportunities amidst uncertainties, and the focus should be on the long-term value of companies.
Hong Kong "opens its arms" to welcome back Chinese concept stocks, is there a possibility of inflow for stocks like PDD Holdings?
The Hong Kong Securities and Futures Commission and the Hong Kong Stock Exchange are prepared to make Hong Kong the preferred listing location if Chinese companies listed overseas wish to return.
U.S. stocks closed: Technology Industry tariffs postponed, the three major Indexes rose collectively, and Chinese concept stocks surged.
① Large technology stocks showed mixed performance, with Apple increasing by 2.21%; ② China Concept Stocks generally rose, with the Nasdaq China Golden Dragon Index increasing by 3.23%; ③ NVIDIA: is striving to produce AI supercomputers entirely in the USA.