HSBC Research expects Tencent (00700.HK) to accelerate its gaming revenue growth in the second half of the year while also being bullish on Netease (09999.HK).
HSBC's research report stated that, due to the strong contributions of Dungeon & Fighter: Origins and Honor of Kings, as well as the resilience of classic games with a high level of daily active users, Tencent's Mainland game revenue growth is expected to accelerate in the third and fourth quarters. In addition, with its overseas mobile game company Supercell showing strong recovery, Tencent's international gaming business growth may also accelerate.
US stocks closed | The three major indexes rose together, with the Dow and S&P hitting new highs again, Tesla surged nearly 5%, Intel rose over 3%; Miniso fell more than 16%.
US manufacturing PMI hits 15-month low, but service prices increase, with several Federal Reserve officials sending mixed signals but all confirming further rate cuts. US stocks rose across the board except for small caps, with Chinese concept stocks index briefly up 2.5% and nvidia closing higher after a 1% drop, while intel and li auto inc rose by about 3%. Poor economic situation in Europe boosts expectations of rate cut by the ECB, as the yield curve of German bonds no longer inverted. Offshore yuan plunges by 230 points to briefly breach 7.06 yuan, oil prices drop by 2% before trimming losses by half.
US stocks closed higher: all three major indexes rose collectively, with the S&P and Dow hitting new highs, and tesla surged by about 5%.
①S&P 500 index, Nasdaq hit new highs again; ②Large technology stocks mostly rose, with Tesla up about 5%; ③Intel rose over 3%, news said Qualcomm is interested in acquiring Intel, Apollo Global Management is in talks to invest in it.
US stock market outlook | The three major futures are all up, with technology giants slightly rising pre-market, Intel up nearly 5%; Goldman Sachs bullish on s&p 500 reaching 6000 points! Expects a rebound after short-term volatility.
Fed senior official Kashkari: Expected to further cut interest rates by 50 basis points within the year; Bank of America warns: Bubble risks resurfacing, recommends buying bonds and gold; Is Harris coming from behind? Poll support rate continues to climb, already leading Trump in all aspects.
U.S. stock market closing | The 'Triple Witching Day' saw violent fluctuations in the final trading hour, with the Dow hitting a new all-time high; Intel surged in the final hour, gold reached a new high, and the offshore RMB rose by 300 points.
The Dow Jones hit a new high, while small-cap index fell more than 1% after seven consecutive gains, and the S&P briefly stopped falling in late trading. The Dow rose 1.6% for the week, the Nasdaq rose 1.5%, and energy stocks drove the S&P up 1.4%, the fifth consecutive weekly gain in six weeks, with small-cap stocks rising more than 2% and China concept stocks rising nearly 4% for the week.
In August, China's gaming market revenue was 33.64 billion yuan, a year-on-year growth of 15.10%.
On September 20, china Audiovisual and Digital Publishing Association Game Committee released the August 2024 Monthly Report on China's Game Industry.