Putting half of his wealth into Chinese concept stocks, 'The Big Short prototype' Michael Burry made a profit this time.
As of June 30th, stocks of Alibaba, baidu, and jd.com together account for about 46% of Burry's entire investment portfolio. Billionaire investor David Tepper previously stated that now is the time to 'buy everything', as Chinese stocks still have a lot of upside potential.
This week in the US stock market | China's assets experience a "big carnival", goldman sachs and other major banks are all bullish! Ke Holdings surged nearly 40% during the week, with jd.com and pdd holdings rising by about 30%.
This week, the Dow Jones Industrial Average rose by 0.27% to 42175.11 points; during the same period, the S&P 500 index rose by 0.75% to 5745.37 points; the Nasdaq index rose by 1.35% to 18190.29 points during the same period.
Alibaba, JD Shares Riding High In Friday Pre-Market: What's Going On?
Hong Kong stocks are popping champagne! The Hang Seng Tech Index soared more than 20% in a week, while the Hang Seng Index's year-to-date gain has exceeded the S&P. What other opportunities are worth exploring?
Multiple fund companies and fund managers suggest that investors can focus on two main directions in the Hong Kong stock market: on one hand, pay attention to opportunities in interest rate-sensitive industries in the growth track, such as internet, electric vehicles, technology hardware, and biomedical sectors with longer durations; on the other hand, focus on high dividend-paying symbols with more certain shareholder returns.
Express News | Ishares MSCI China ETF up 0.8%, Kraneshares CSI China Internet ETF up 2.8%, ishares China Large-Cap ETF up 1.1%
Express News | NIO up 5.5%, PDD Holdings up 3.8%, Gaotu Techedu up 8.3%, Bilibili up 3.7%
Express News | U.S.-Listed Shares of Chinese Firms Rise Premarket on New China Stimulus
U.S. stocks anomaly | jd.com continued to rise more than 4.3% before the market, poised to hit a new high in nearly a year. Alibaba and jd.com will open up to each other.
Gelonghui on September 27th | jd.com (JD.US) pre-market trading continued to rise by more than 4.3%, reaching $39.64, and is expected to reach a nearly one-year high after the opening. In terms of news, Taobao Tmall will officially integrate jd.com logistics, expected to go live in mid-October. After that, when Taotian merchants in the system choose the shipping method for products, there will be an additional option for jd.com logistics. At the same time, jd.com will also integrate Cainiao Express and Cainiao Post Stations - both of which are Cainiao's self-operated express brand and parcel collection site. In addition, jd.com will officially integrate Alipay payment, expected to be launched on the eve of the november 11 shopping festival.
Major rating agency | Citigroup: China's internet industry is expected to face multiple revaluations, and the basic profit margin is expected to enter an upward adjustment cycle.
GruntHui on September 27th. Citi's report suggests that further cooperation between alibaba and jd.com logistics may indicate they will focus on improving the user and merchant experience, strengthening brand awareness among partners and stakeholders, and becoming more inclusive industry participants. Citi believes that this collaboration may also signify leading internet companies joining forces to collectively drive consumer recovery, and more importantly, improve the synergy of merchants' multi-store operations to help reduce operating costs and increase merchant profits. This may also suggest that major platforms, while maintaining benign and necessary competition, will prioritize users and merchants.
It is reported that Taobao and Tmall will integrate jd.com logistics (02618.HK). jd.com (09618.HK) will integrate Cainiao.
According to reports from 'Late Post', Alibaba (09988.HK) and jd.com (09618.HK)'s e-commerce and logistics platforms will further integrate. Taobao Tmall is expected to be able to access jd.com logistics by mid-October at the earliest, while jd.com will also access Cainiao Express and Cainiao Station logistics services. The report also mentioned that jd.com may also accept payments through Alipay by users, and may be launched before the 'november 11 shopping festival-related'. Taobao officially announced that starting today (the 27th), users can use WeChat Pay under Tencent (00700.HK) for shopping on Taobao.
Express News | jd.com will officially integrate Alipay for payment, expected to be launched on the eve of the november 11 shopping festival.
Hong Kong stocks surge | jd.com logistics (02618) rises by over 8% again. It is reported that Alibaba and jd.com are mutually opening up in payment and logistics.
jd.com logistics (02618) rose by over 8%, as of press time, up 8.35%, at HKD 12.46, with a turnover of 0.131 billion HKD.
Foreign capital unanimously bullish! Morgan Stanley, Goldman Sachs support the Chinese stock market, hedge fund tycoons shout out: buy all Chinese assets.
①Morgan Stanley believes that, from a technical perspective, the China CSI 300 Index may still have about 10% upside potential in the short term; ②Goldman Sachs said that once the US election is over, the Chinese stock market should be an important part of investors' investment plans; ③Hedge fund legend David Tepper said he didn't expect such a strong policy stance from China, and he will buy all Chinese assets.
The central bank has launched two measures at the same time! The reserve requirement ratio is reduced by 0.5 percentage points, and the 7-day reverse repurchase operation interest rate is lowered by 20 basis points.
Starting from September 27, 2024, the reserve requirement ratio for financial institutions is reduced by 0.5 percentage points. After this reduction, the weighted average reserve requirement ratio for financial institutions is approximately 6.6%.
Global stock markets welcome the 'most call morning of the year,' as Goldman Sachs fund flow experts exclaim that this 'china trade' is different from the past.
Goldman Sachs expert Rubner mentioned that FOMO is starting to appear locally in China; in the past 48 hours, he conducted more China-related Zoom calls than all related meetings within this year; short-term traders in Goldman Sachs PB business have been buying Chinese stocks for eight consecutive days, with the net buying amount of Chinese stocks in PB business this Tuesday reaching the second highest level in ten years, almost entirely from long positions.
It is reported that Alibaba and jd.com are mutually opening up in payments and logistics.
According to domestic media reports, alibaba-SW (09988.HK) (BABA.US) subordinates Taobao Tianmao and jd.com-SW (09618.HK) (JD.US) e-commerce platforms will open up to each other, reaching consensus on logistics and payment cooperation. Taobao Tianmao is about to officially integrate jd.com logistics (02618.HK), and jd.com will also introduce Alibaba's Cainiao Express and Cainiao Stations as pickup points, expected to go live in mid-October. The report also mentioned that jd.com will officially integrate Alipay, a subsidiary of alibaba, and plans to launch it shortly before the november 11 shopping festival. Currently, consumers place orders on jd.com, with the default payment method.
JD.com Options Spot-On: On September 26th, 359.39K Contracts Were Traded, With 1.3 Million Open Interest
On September 26th ET, $JD.com(JD.US)$ had active options trading, with a total trading volume of 359.39K options for the day, of which put options accounted for 25.47% of the total transactions, and
Dow Jones closed up 260 points, s&p 500 index set a new high, super micro computer rumored to be investigated, causing a 12% setback.
USA's economic data remains strong, with second-quarter GDP growth confirmed at 3% and core PCE price growth slowing to 2.8%. The three major US stock indices performed well on Thursday, with the S&P 500 index hitting a new high, while the Nasdaq gain narrowed to less than 1%. The S&P 500 index closed 23 points or 0.4% higher at 5,745 points; the Dow Jones closed 260 points or 0.6% higher at 42,175 points; the Nasdaq closed 108 points or 0.6% higher at 18,190 points. Micron Technology Inc. (MU.US) benefited from AI demand, beating expectations with a 14.7% surge in stock price for the full day. Other chip stocks also performed well, with Nvidia.
Trending Stocks Today | Fangdd Network Shoots up 154%
September 26th - US stocks trending in regular trading hours.Gainers: $Fangdd Network(DUO.US)$ soars 154% to $1.27 with a turnover of $162.19 million. $TELESIS BIO(TBIO.US)$ shoots up 65.95% to $3.85
What happened tonight? Major policy bullish surprise, foreign capital collectively optimistic, china assets booming!
On the evening of September 26, Chinese assets soared, with Chinese concept stocks, China assets etf, ftse china a50 index futures, Hang Seng index futures, and RMB exchange rates all skyrocketing.