The NASDAQ broke through 0.02 million points for the first time, Tesla led a group of tech giants to a new high, and Bitcoin climbed to 0.1 million dollars
The Dow and Apple fell, the Nasdaq rose nearly 2%, Tesla and Google rose nearly 6%, with Meta, Amazon, and Netflix all reaching new highs. Nvidia rose more than 3%, and Broadcom rose nearly 7%. At one point, ultra-microcomputers fell more than 8%. The decline narrowed, and Fanduo turned up more than 11%. The US CPI for November is betting on cutting interest rates next week. Interest rate cuts may be suspended in January next year. US dollar and US bond yields will rebound in V shape, and spot gold will be the highest in five weeks. The yen dived below 152, and the offshore renminbi once fell more than 300 points to 7.29 yuan. After the Bank of Canada cut interest rates sharply, Canadian dollar and Canadian bond yields turned up, and oil prices rose by about 2%.
NIO Inc Options Spot-On: On December 11th, 186.53K Contracts Were Traded, With 3.62 Million Open Interest
On December 11th ET, $NIO Inc(NIO.US)$ had active options trading, with a total trading volume of 186.53K options for the day, of which put options accounted for 23.88% of the total transactions,
Shares of US-listed Chinese Stocks Are Trading Lower, Possibly Continuing to Fall Following Weak Import Data.
China Auto Body Seeks Subsidy Extension as EV Exports Take Hit
Aim for 30 million vehicles for the whole year, with RBOB Gasoline vehicles experiencing a "four consecutive months increase". The China Association of Automobile Manufacturers calls for early implementation of consumer promotion policies next year.
1. The domestic sales of traditional fuel Passenger Vehicles reached 1.21 million units, a decrease of 0.105 million units compared to the same period last year, with a month-on-month growth of 16.2% and a year-on-year decline of 8%. 2. Chen Shihua, deputy secretary-general of the China Automobile Industry Association, urged that relevant policies to promote Consumer spending on Autos continue next year and be implemented as soon as possible.
Express News | China's automotive association: In November, the sales of New energy Fund in China increased by 47.4% year-on-year.
The performance of auto stocks is divergent. Nio (09866) fell by 3.16%. Institutions say that after December, the auto market will enter the consumer off-season, and caution is needed regarding fluctuations in the auto sector stock prices.
Jinwu Financial News | The performance of automotive stocks is mixed. As of the time of publication, NIO (09866) is down 3.16%, Evergrande Auto (00708) is down 2.08%, Xpeng Motors (09868) is down 1.17%, Great Wall Motor (02333) and Li Auto (02015) are also down. On the other hand, Guangzhou Automobile Group (02238) is up 3.11%, Peking Automotive (01958) is up 1.28%, LEAPMOTOR (09863) is up 1.38%, and Geely Automobile (00175) is up 1.02%. In terms of news, BOCOM INTL released the monthly report for the automotive Industry, forecasting passenger vehicle sales for November 2024.
BOCOM INTL: In November, the penetration rate of New energy Fund in the mainland reached 52.3%. Bullish on December's performance.
BOCOM INTL suggests focusing on quality symbols in the Passenger Vehicle Sector such as BYD Company Limited (01211), NIO Inc. -SW (09866), and XPeng Inc. -W (09868).
【Brokerage Focus】BOCOM INTL: After a sales surge in December, the auto market enters the Consumer off-season, caution is needed as the performance of the Autos Sector stock prices may show fluctuations.
Jinwu Financial News | BOCOM INTL released the monthly report on the Autos Industry, with Passenger Vehicle retail sales in November 2024 increasing by 16.5% year-on-year, and domestic brands remaining strong. In November, the retail penetration rate of Electric Vehicles reached 52.3%, breaking 50% for the fifth consecutive month. The export growth rate slowed in November, and the proportion of Electric Vehicles decreased to 20%. Considering that the Spring Festival in 2025 is earlier than in 2024, leading to some car purchases being completed by the end of 2024, and the subsidy policy for trade-ins entering its final phase in December, some car manufacturers are also pushing sales through promotional activities. The bank expects that the Passenger Vehicle market in December is likely to maintain stability.
Futu Morning Report | Focus on tonight's CPI report! It may become a key factor affecting next week's interest rate decision; Google surged more than 5%! Its quantum chip drove all Concept stocks to soar, with RGTI rising over 45%.
How much computing power does the agent need? Barclays: over 70% of total computing demand, with expenditures amounting to 300 billion; stock prices surged nearly 18%! Reports suggest that USA pharmacy giant Walgreens is in talks with private equity firms for a sale; Bitcoin briefly fell below 95,000 USD! Microsoft Shareholders voted against the Bitcoin investment proposal, stating that returns cannot be guaranteed.
Hong Kong stock morning report on December 11: Citic Lyonn claims to be Bullish on the KUAJINGZIJIN flow and IPO recovery of the Hong Kong Stock Exchange, with SenseTime's share placement financing nearly 2.8 billion Hong Kong dollars directed towards cor
① CITIC Securities is Bullish on the flow of KUAJINGZIJIN and the recovery of IPOs at the Hong Kong Stock Exchange. ② SenseTime's share placement financing of nearly 2.8 billion yuan is used for the development of core Business. ③ HUA HONG SEMI's 12-inch production line at the Wuxi base has been completed and is in production. ④ The Shanghai Stock Exchange will review Guolian Securities' additional share issuance and acquisition matters next week.
In November, the inventory coefficient of Car Dealers/auto Retailers in the mainland slightly increased to 1.11, remaining within a reasonable Range.
The China Automobile Dealers Association released the survey results of "Car Dealers/auto Retailers Inventory" for November 2024, showing that the comprehensive inventory coefficient for car dealers in November is 1.11, a slight monthly increase of 0.9%, down 22.4% year-on-year, and the inventory level is below the warning line, remaining within a reasonable Range.
Everbright: The impact of the vehicle trade-in subsidy for the entire year is far better than expected. Bullish on investment opportunities in the Autos Sector driven by policy support.
The Politburo meeting has prioritized loose policies and boosting consumer activity, which are highly relevant to the Autos industry.
NIO Inc Options Spot-On: On December 10th, 219.28K Contracts Were Traded, With 3.54 Million Open Interest
On December 10th ET, $NIO Inc(NIO.US)$ had active options trading, with a total trading volume of 219.28K options for the day, of which put options accounted for 14.28% of the total transactions,
Unpacking the Latest Options Trading Trends in NIO
Should You Jump Into NIO Shares Amid China's Stimulus Boost?
Express News | Ishares China Large Cap ETF Down 4.7%, Kraneshares CSI China Internet ETF Down 5.1%
Express News | U.S.-Listed Shares of Chinese Firms Fall Premarket Tracking Losses in Mainland Peers as Stimulus Optimism Fades
Express News | Li Auto Down 3.9%, NIO Down 5.4%, Xpeng Down 6%
Daily Options Tracking | NVIDIA is under antitrust investigation, large investors hedge against a decline with $60 million; Chinese concept stocks options trading surges! Multiple call options for Alibaba profit 7 times.
Palantir fell more than 5% overnight, with an intraday fluctuation of up to 10%. The Options Chain Volume and implied volatility both increased, and the Call ratio slightly decreased to 56%. On the Options Chain, the highest trading volume of call options expiring this Friday with a strike price of $80 approached 0.055 million contracts.