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Major bullish news! Incremental monetary policy "combination punch" is here, detailed analysis.
Incremental mmf policy "combination punch" is here!
Express News | The Nasdaq China Golden Dragon Index saw its rapid expansion to 6%, Alibaba rose by 6.3%, Netease by 7%, JD.com by 9%, and Tencent Music by 11%.
Express News | Ishares China Large Cap ETF up 6.1%, Kraneshares CSI China Internet ETF up 6.7%
U.S. Stock Market Outlook: Continuing to soar! Chinese concept stocks are all high before the market opening, Alibaba surges more than 5%, "Weixiaoli" collectively rises more than 7%; Several high officials of the Federal Reserve collectively adopt a dovi
Large-cap technology stocks mostly rose before the market opened, with Tesla continuing to rise by 1.5%, Microsoft and Amazon slightly down; Taiwan Semiconductor rose nearly 2% before the market opened, Daiwa Securities raised the target price for TSMC and reiterated a 'shareholding' rating; Li Auto Inc. rose over 8% before the market opened, selling a whopping 0.012 million units last week, with weekly sales surpassing Mercedes-Benz and Audi.
Netease (09999.HK) plans to integrate Douyin's tipping ecosystem into the mobile game "Justice."
Netease-S (09999.HK) (NTES.US) subordinates the mobile gaming 'Revelation' announced an update to the game functionality, integrating the Douyin tipping ecosystem, opening up a tipping mode between players, with paid and free gameplay options.
Express News | Ishares China Large Cap ETF up 4.6%, Kraneshares CSI China Internet ETF up 4.8%
Express News | Baidu Rises 3.6%, Li Auto up 7%, JD.com up 7.3%, NIO up 6.8%
Express News | Alibaba Group up 5%, PDD Holdings up 4.4%, NetEase up 4.9%
Express News | U.S.-Listed Shares of Chinese Firms Jump Premarket After China Announces Stimulus Measures
Hang Seng Index rose by 753 points in Hong Kong stocks, the technology index rose by nearly 6%, with a trading volume of 242.4 billion, reaching a high of over two years.
Mainland China has announced a series of financial policy measures, leading to a significant increase in Hong Kong stocks. The Hang Seng Index opened high with a gain of 326 points, further expanding to a full-day increase of 753 points or 4.1%, closing at 19,000 points; the Hang Seng Tech Index rose by 217 points or 5.9%, closing at 3,915 points. The total trading volume in the market increased to 242.399 billion yuan for the first time since May 31, 2022. The People's Bank of China will lower the interest rates on existing housing loans, unify the minimum down payment ratio for mortgages. Mainland real estate stocks, including Country Garden Holdings (02777.HK) and Sunac China Holdings (00884.HK), rose by 16% and 14% respectively.
The reduction in reserve requirements is bullish and stimulating, the Hong Kong stock market's ten consecutive days of rising momentum is unstoppable! Multiple sectors are collectively surging, is the bull market here?
Affected by this news, the Hang Seng Index, the Hang Seng Technology Index, and the Hang Seng China Enterprises Index all rose by more than 2%, with the Hang Seng Index expected to challenge a "ten consecutive gains".
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.
Central bank makes a big move! Lower reserve requirements, interest rates, lower existing housing loan rates, and create new policy tools to support the development of the stocks market.
On September 24, at 9 a.m., the State Council Information Office held a press conference, with Pan Gongsheng, Governor of the People's Bank of China, Li Yunze, Director of the China Banking and Insurance Regulatory Commission, and Wu Qing, Chairman of the China Securities Regulatory Commission, introducing the relevant situation of financial support for high-quality economic development, and answering questions from reporters.
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.
Institutions: After the Fed interest rate cut, how much room does the Hong Kong stock rebound have?
Due to its greater sensitivity to external liquidity and the linked exchange rate system, Hong Kong has greater short-term flexibility, following interest rate cuts and other factors.
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.
The craze of "Black Myth: Wu Kong" drives a 21% monthly increase in gaming market revenue in mainland China in August.
China Audio-Video and Digital Publishing Association Gaming Committee released the Monthly Report on China Game Industry in August 2024, showing that in August, "Myth of Darkness: Wukong" brought significant growth to the console and PC gaming market, and there was also a noticeable increase in revenue from mobile games during the summer vacation period. Both the annual and monthly growth of the domestic gaming market were significant. In August, the revenue of the domestic gaming market was 33.64 billion yuan, a year-on-year increase of 15.1% and a month-on-month increase of 21.01%.
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.