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In the "Big Banks" report, China International Capital Corporation: The Education Industry shows positive signals, reiterating the "Buy" ratings for TAL Education (TAL.US) and New Oriental (EDU.US).
The Bank of China International released a report indicating that Shanghai's secondary school students' extracurricular mathematics school will start enrolling 10th and 11th-grade students again from January 2025, offering courses aimed at training for the Olympic Mathematics Competition. Shanghai's secondary school students' extracurricular mathematics school is dedicated to Olympic Mathematics training, supported by several official Institutions such as the Shanghai Education Bureau and the Shanghai Mathematics Society. The report states that after the implementation of the "double reduction" policy in 2021, the school closed all tutoring for every grade. This is the first time since the implementation of the double reduction policy that the school has reopened enrollment and tutoring services.
Before the Federal Reserve's decision, the rally of U.S. stocks faltered, the Nasdaq said goodbye to record highs, the Dow fell for nine consecutive days, Broadcom dropped over 4%, Chinese concept stocks rebounded against the trend, and Bitcoin reached a
The Dow Jones has seen its first nine consecutive declines since 1978; NVIDIA has seen four consecutive declines, while Tesla has risen over 3% against the trend, hitting new highs for three consecutive days. Chinese concept stocks rebounded nearly 2%, with PDD Holdings rising nearly 3% and Bilibili increasing over 4%. Salaries in the United Kingdom have grown faster than expected, with two-year UK bond yields rising 10 basis points in one day. The USD has rebounded; the Canadian dollar has hit a more than four-year low since the pandemic; Bitcoin surged over $0.108 million during trading, hitting a new historical high for two consecutive days. Crude Oil Product has fallen for two consecutive days, with US oil dropping more than 2% at one point; Gold has hit a new low for the week.
U.S. stock market closing | All three major indexes fell, with the Dow experiencing nine consecutive declines; Tesla rose over 3% to reach new highs, and Quantum Computing concept stocks surged again, with QUBT skyrocketing over 51%.
The Dow Jones has seen its first nine consecutive declines since 1978; NVIDIA has seen four consecutive declines, while Tesla has risen over 3% against the trend, hitting new highs for three consecutive days. Chinese concept stocks rebounded nearly 2%, with PDD Holdings rising nearly 3% and Bilibili increasing over 4%. Salaries in the United Kingdom have grown faster than expected, with two-year UK bond yields rising 10 basis points in one day. The USD has rebounded; the Canadian dollar has hit a more than four-year low since the pandemic; Bitcoin surged over $0.108 million during trading, hitting a new historical high for two consecutive days. Crude Oil Product has fallen for two consecutive days, with US oil dropping more than 2% at one point; Gold has hit a new low for the week.
U.S. stock market closing | The three major indexes had mixed results, with the Nasdaq increasing over 1% to reach a new high, while the Dow Jones fell for the eighth consecutive day; Broadcom surged over 11%, and Tesla rose over 6%, both reaching histori
The Dow Jones Industrial Average has recorded its longest losing streak since 2018; NVIDIA fell over 1%, marking its third consecutive decline; MicroStrategy, which was added to the Nasdaq 100 index, surged over 7% intraday before reversing to a loss, and Super Micro Computer, which was removed from the index, closed down over 8%. Chinese concept stocks fell over 2%.
Large banks' ratings丨China Merchants International: Looking ahead to next year, the Chinese Internet Plus-Related Industry will move forward against headwinds, focusing on mature Business moats, new development space, valuation enhancement potential, and
According to a report published by China Merchants International on December 16, they forecast that next year the Internet Plus-Related Industry in China will face headwinds, and the introduction of substantial consumer-promoting policies may still be a key driving factor for the structural enhancement of the sector's valuation. Before that, the sector may maintain turbulence, while shareholder return levels, profit growth rates, and certainty could be key supports for valuation. China Merchants International suggests focusing on three main lines: first, the moat of mature businesses and their new development space, which may drive a double increase in performance and valuation: for example, the gaming sector benefiting from the release of new games, local life with further online penetration space in core businesses, and advertising effectiveness improved under the empowerment of AI technology.
Shares of US-listed Chinese Stocks Are Trading Lower Due to Stimulus Concerns and Disappointing Economic Data. The Biden Administration Plans to Raise Tariffs on Solar Wafers, Polysilicon and Some Tungsten Products.