Express News | Some Hong Kong-listed car stocks opened low, with NIO Inc. falling nearly 7%.
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 stocks closed | After the interest rate cut, US stocks rose and then fell back, with the three major indices closing slightly lower. Apple bucked the trend and rose nearly 2%.
After the Federal Reserve cut interest rates, US stock index hit a new daily high. However, it turned downwards after Powell's press conference. The S&P 500 ended its seven-day winning streak, while the Dow Jones Industrial Average fell for the second consecutive day. Nvidia failed to rebound and closed down nearly 2%, while Apple rose against the trend, gaining nearly 2%.
Nio Mulling Takeover of Audi Brussels Car Plant, Report Says
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.
NIO Inc Options Spot-On: On September 18th, 191.53K Contracts Were Traded, With 2.74 Million Open Interest
On September 18th ET, $NIO Inc(NIO.US)$ had active options trading, with a total trading volume of 191.53K options for the day, of which put options accounted for 29.17% of the total transactions,
Express News | China concept stocks generally fell, with nio inc falling more than 7%.
Asian Equities Traded in the US as American Depositary Receipts Edge Up in Wednesday Trading
Nio Starts Deliveries of New ES8 in Europe
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.
The Fed has started an interest rate cut cycle, with funds flowing into Chinese assets! Which Hong Kong stocks have taken the lead?
With the stimulus of the upcoming interest rate cut by the Federal Reserve, Chinese assets have shown signs of a breakout in recent times. The Hang Seng Tech Index has risen for five consecutive trading days, and several high-performing stocks have also started the market trend this month.
Market Chatter: China Commerce Minister Says Additional EU Tariffs on EVs Impede Free Trade
Express News | Hubei Century Network Technology Inc.: The company's Suileyou Cloud Game Platform will provide cloud gaming support for nio inc autos.
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.
Is NIO Inc. (NIO) the Most Promising EV Battery Stock According to Analysts?
BoA Securities: Bullish on Xiaomi, geely auto, and nio inc among auto stocks, all rated as "buy".
On September 18th, Guolonghui | CITIC International Research Report pointed out that the stock prices of Hong Kong-listed auto stocks as a whole have still lagged behind various fundamental indicators since the beginning of the year, and the difference between the two is mainly due to the market's pessimistic sentiment towards the macro market and the auto industry. The bank mentioned that entering the fourth quarter of this year is also the traditional peak season for autos, and it is expected that the overall industry valuation will rebound significantly under the leadership of contract manufacturers with strong product cycles and historically low valuations. The bank is bullish on Xiaomi, Geely Auto, and Nio Inc. The bank reiterated its "buy" rating on Xiaomi, pointing out that the launch of new products in late October will be the next catalyst, and it is expected that the monthly delivery volume of the SU7 will increase in the fourth quarter.
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.