Express News | li auto inc: The li L6 has delivered over 0.1 million vehicles in the five months since its launch.
Hong Kong stocks midday review | Hong Kong stocks have soared! The technology index surged more than 3%, network technology stocks, mainland real estate stocks, and dining stocks performed strongly. Meituan rose more than 3% again, and China Resources Lan
Most network technology stocks rose, Kuaishou-W up 6.10%, jd.com-SW up 5.37%; digital health stocks rose, ali health up 6.67%, Mediwellcare down 5.41%; dining stocks surged, jiumaojiu up 12.79%, xiabuxiabu up 6.49%.
Express News | li auto inc: Sales volume of 0.0126 million vehicles last week.
Hong Kong Stock Market | Li Auto Inc.-W (02015) rose more than 4%. L6 cumulative deliveries exceeded 0.1 million vehicles, and the gross margin of autos is expected to further release.
li auto inc -W (02015) rose more than 4%, as of the time of writing, rose 4.06%, to HKD 82.1, with a turnover of 0.865 billion HKD.
Tianfeng: Rated li auto inc (02015) as a "buy", with the expectation of an upward trend in full year performance in 2024.
Tianfeng Securities expects further release of gross margin for autos, determining that the potential elasticity of gross profit and net income is expected to be released in the second half of the year.
CAAM: Commercial vehicle sales in the first eight months fell by 1.9% year-on-year, with a monthly decline of 11.4% in August.
According to data released by the China Automobile Dealers Association, the retail sales volume of new commercial vehicles in mainland China in the first eight months of 2024 was 1.8758 million vehicles, a year-on-year decrease of 1.86%. Among them, the sales volume in August was 0.2159 million vehicles, a year-on-year decrease of 11.42%, and a month-on-month decrease of 2.81%.
Nanshan District, Shenzhen, offers a car subsidy of 0.1 billion RMB, while Bao'an District can receive a maximum subsidy of 0.03 million RMB.
To promote the automobile consumer market and boost the economy, the Nanshan District and Bao'an District in Shenzhen have implemented car purchase subsidy measures. Among them, Nanshan District will invest 0.1 billion yuan to provide car subsidies, while Bao'an District will provide subsidies ranging from 2,000 yuan to 30,000 yuan to new car owners who win the lottery. In addition, to promote green travel, Shenzhen has also launched activities such as old-for-new trades and automobile scrappage subsidies throughout the city. Gasoline vehicles can receive a maximum subsidy of 15,000 yuan per vehicle, while electric vehicles can receive a maximum subsidy of 20,000 yuan per vehicle.
US stock market closing: The roller coaster trend of the interest rate night is alarming, and the three major indexes closed slightly lower.
① Most China concept stocks in hot demand fell, with the Nasdaq China Golden Dragon Index dropping 0.86%; ② Space concept stock Intuitive Machines surged 38%; ③ The Federal Reserve cut interest rates dramatically by 50 basis points, but Powell claimed not to be eager to ease policy; ④ Boeing will implement unpaid leave measures in the coming days.
China Automobile Dealers Association: The retail sales volume of new commercial vehicles from January to August was 1.8758 million vehicles, a decrease of 1.86% year-on-year.
In August 2024, the national retail sales of commercial vehicles were 0.2159 million vehicles, a year-on-year decrease of 11.42% and a month-on-month decrease of 2.81%.
Cui Dongshu: The enthusiasm of consumer groups to wait and see has been stimulated. The quality of passenger vehicle retail growth in August is relatively high.
Cui Dongshu pointed out that due to the increase in non-RDE vehicle processing in August last year, and this year is the expiration of the tax exemption policy for micro electric vehicles under 200 kilometers by the end of May, the quality of retail growth in August this year is higher.
Bullish on US stocks | More policy support! Li Auto Inc. jumped over 12% overnight; Rate cut expectations boost credit card companies to hit new historical highs.
Heavy investment! Blackrock joined hands with Microsoft to bet on the AI track, reaching the $900 mark overnight and hitting a new historical high, with a 1.04% increase; target price was raised by major bank analysts! Applovin, a mobile advertising technology company, soared more than 6% overnight, surging more than 40% in the past 5 trading days, and has risen more than 200% so far this year, creating a new historical high again.
Market Chatter: China Commerce Minister Says Additional EU Tariffs on EVs Impede Free Trade
Express News | China and Europe will hold talks on the EU's tariff on electric cars from China. The Ministry of Foreign Affairs hopes that the European side will show sincerity.
Sinolink Securities: Clear pricing pattern at both ends of the automotive industry, accelerating the process of survival of the fittest in the middle.
The self-owned brands of car companies have advantages at both ends of the price smile curve, with self-owned brands having an absolute advantage in the price range below 0.15 million, and the top five in the price range below 0.1 million are all self-owned brands.
The U.S. stock market hit a new high again, with Chinese concept stocks and cryptos surging! Waiting quietly for the "crucial moment".
After the overnight Dow Jones Industrial Average and S&P 500 index hit new highs in intraday trading, the Japanese stocks also opened strongly.
Futu Morning News | Rate cut countdown! US stocks continue to break records; Bank of America: Long the seven giants of US stocks is still the most crowded trade.
"New美联储通讯社": The situation is complex, and there are still doubts about the magnitude of the Fed's first rate cut; if the Fed's first cut is done "properly", the record-breaking betting on a significant rate cut may face huge risks; Apple's iPhone 16 series pre-order sales in the first weekend fell short of expectations, analysts: the long-term outlook remains optimistic.
US stocks closed | S&P and Dow set new intraday highs, Chinese concept stocks performed well, li auto inc rose more than 12%.
In the late trading session, the US stock market saw a significant decline, but the S&P 500 index rose for the seventh consecutive day, and the Nasdaq and semiconductor index erased gains of more than 1%, with Intel rising 8% and closing up 2.7%, while Nvidia declined 1%. The Chinese concept index rose nearly 2%, and Li Auto Inc. rose more than 12%.
U.S. stocks close: Fed rate cut enters countdown, S&P and Dow hit new intraday highs.
①China concept stocks rise across the board, NASDAQ China Golden Dragon Index rises by 1.83%; ②BlackRock and Microsoft plan to establish a $30 billion fund; ③Morgan Stanley negotiates with Apple, hoping to take over its credit card business; ④Musk's brain-machine company: "Blindsight" receives breakthrough medical device certification from the FDA.
Express News | China concept stocks are generally rising, with li auto inc rising more than 12%.
Trending Stocks Today | Galmed Pharmaceuticals Soars 416.53%
September 17th - US stocks trending in regular trading hours.Gainers: $Galmed Pharmaceuticals(GLMD.US)$ shoots up 416.53% to $19.99 with a turnover of $1.08 billion. $BurgerFi International(BFI.US)$