US stocks are moving unusually | Li Auto continues to rise by 2.7% in pre-market trading, with sales reaching 0.0141 million Autos last week.
On December 19, Gelonghui reported that Ideal Autos (LI.US) continued to rise by 2.72% in Pre-Market Trading, with its stock reaching a high of 4.5% yesterday, marking a two-day consecutive increase. Data shows that in the 50th week of 2024 (December 9-15), Ideal Autos' weekly sales reached 0.0141 million vehicles. In addition, the company has partnered with the Aerospace Materials Institute to jointly develop aerospace-grade Battery insulation materials. (Gelonghui)
Most Chinese concept stocks are rising in Pre-Market Trading: Li Auto and Hesai are up over 2%.
On December 19, according to Gelonghui, most Chinese concept stocks rose in Pre-Market Trading, with Asia Vets rising 32%, WiMi Hologram Cloud up over 16%, Niu Technologies increasing nearly 6%, ASE Technology rising over 4%, iQIYI and MicroCloud Hologram both up over 3%, Li Auto, NIO, Hesai, and New Century Storage all increasing over 2%, Taiwan Semiconductor up by 1%, while United Microelectronics, Blue Hat Interactive Entertainment Technology, Alibaba, Xpeng Motors, Bilibili, PDD Holdings, and Amer Sports all had gains of less than 1%.
Express News | The Ministry of Commerce responds to the progress of price commitment negotiations in the EU-China electric Autos anti-subsidy case.
U.S. stock market close | The Federal Reserve takes a hawkish stance, three major Indexes drop together, with the Nasdaq down over 3%; Tesla falls over 8%, leading the decline among Technology giants, while Quantum Computing concept stock, Quantum, soars
The Dow Jones experienced ten consecutive declines, marking the longest streak of losses since 1974. The S&P fell nearly 3%, and the Nasdaq dropped over 3%. Tesla led the tech giants down with a decline of over 8%. The chip index fell nearly 4%, with Broadcom dropping nearly 7%, and NVIDIA initially rose nearly 5% during the day before turning negative. Micron Technology, which provided disappointing guidance for this fiscal quarter, fell over 10% in after-hours trading.
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U.S. stock movement|Chinese concept Electric Vehicles stocks are rising ahead of the market, with a year-on-year increase of 71% in retail sales of Electric Vehicles from December 1 to 15.
On December 18, according to Gelonghui, Li Auto rose over 2% before market opening, XPeng increased by 0.47%, and NIO grew by 0.44%. Data from the Passenger Car Association shows that from December 1 to 15, retail sales in the New energy Fund market for Passenger Vehicles reached 0.536 million units, a 71% increase compared to the same period last year, and a 6% increase compared to the previous month. Cumulatively, retail sales this year have reached 10.132 million units, a year-on-year growth of 43%. (Gelonghui)
Hong Kong stocks closed (12.18) | The Hang Seng Index rose by 0.83% as market cap management catalyzed the rise of special valuations, with Autos and Semiconductors both seeing gains.
Hong Kong stocks stopped falling and rebounded today, with the three major indices having a rapid increase in the afternoon. The Hang Seng Index and the National Index both rose more than 1%, while the Hang Seng Technology Index once increased by over 2%.
Quick look at the Hong Kong market | All three major Indices closed higher, the Science and Technology Index rose nearly 2%; technology, Autos, and Biotechnology stocks climbed, with Li Auto rising over 5%, and Xiaomi Group and WUXI BIO rising nearly 3%.
Many Network Technology stocks are rising, XIAOMI-W is up 2.84%, Baidu Group-SW is up 1.74%; Semiconductor stocks are all rising, HG SEMI is up 7.64%, BEKE is down 2.78%; Autos stocks are climbing, LEAPMOTOR is up 6.42%, BRILLIANCE CHI is up 6.29%;
Express News | Ideal Autos and the Aerospace Science and Industry Corporation's Institute of Space Materials have established a joint laboratory.
Hong Kong stock midday review | All three indices rose, the Technology Index up over 1%; Autos, power, and Semiconductor stocks increased, with Li Auto and CHINA LONGYUAN rising nearly 4%, and Semiconductor Manufacturing International Corporation up over
Network Technology stocks are generally rising, XIAOMI-W is up 2.17%, SENSORY-W is up 2.03%; Electric Power stocks are all going up, HUADIAN POWER is up 4.53%, CHINA LONGYUAN is up 3.86%; Hong Kong Retail Stocks are generally rising, BOSSINI INT'L is down 6.78%, PRADA is up 2.59%;
Market Update | Hong Kong stock automotive shares rose across the board, with NIO and Li Auto both increasing by nearly 4%, and the effects of the November car trade-in policy continue to be evident.
The stocks of Autos are rising across the board.
In November, China sold a total of 6,337 large and medium-sized new energy buses over 7 meters, an increase of more than 80% year-on-year.
Statistics show that in November 2024, there were a total of 6,337 large and medium-sized new energy buses over 7 meters sold in the country, an increase of 9.71% compared to the previous month (5,776 units) and an increase of 80.44% compared to the same month last year (3,512 units).
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Countdown to "Double New" subsidies: local governments and car companies are both making efforts as the end of the year approaches, and the car market enters the sprint phase.
According to data from the Ministry of Commerce, as of December 13, 2024, the "Double New" subsidy policy has driven Passenger Vehicle sales to exceed 5.2 million units, including over 2.51 million units from scrapped vehicles and over 2.72 million units from replacement vehicles. Meanwhile, many local governments have intensified efforts to implement policies to promote Consumer spending on Autos.
In 2024, Hong Kong stocks: The Hang Seng Index reached a new high in nearly four years, and the net Inflow of southbound funds exceeded 700 billion.
① How does the overall trend of the Hong Kong stock market perform in 2024? ② What role does southbound capital play in the Hong Kong stock market in 2024? ③ What is the perspective of Institutions for 2025?
Ideal (02015.HK) sales last week increased to 0.0141 million vehicles.
Ideal-W (02015.HK) released the latest sales data, with sales reaching 0.0141 million vehicles last week (December 9 to 15), an increase compared to 0.0126 million vehicles in the previous week.
Express News | Ideal Autos: Last week's sales reached 0.0141 million units.
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