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NetEase Newsroom
Macquarie Maintains NetEase(NTES.US) With Buy Rating, Cuts Target Price to $125
DAHONG: At the end of September, foreign fund inflows into the Chinese stock market significantly, mainly driven by passive funds.
Morgan Stanley's research report pointed out that after the central government introduced a series of stimulus measures, foreign capital flowed into the Chinese stock market in a big way at the end of September. The inflow was mainly driven by passive funds, totaling 6 billion US dollars. In contrast, the inflow of active funds from September 25 to October 2 was relatively mild, at only about 0.3 billion US dollars. Active funds in Asia ex-Japan reduced their shareholding in China the most, followed by global and emerging markets active funds. Morgan Stanley noted that as of October 2, cumulative passive foreign capital inflows have exceeded the high for the year, returning to levels of October 2023, while cumulative active foreign capital inflows are still at levels of 2022.
Futu Morning Post | Hang Seng Index's annual increase shines globally! Chinese stocks and funds are soaring overseas; Goldman Sachs cheers 'overweight' Chinese stock market! Can rise another 15%-18%.
Wall Street analysts are calling out: buying China is the most important market call right now, the csi 300 index could hit 6000 points within a year! Chen Maobo: Hong Kong's market cap has risen to 39.4 trillion Hong Kong dollars, expecting many companies to expedite their listing process in Hong Kong; With the "star effect" from Wall Street, the "China Dragon" etf is about to directly confront the seven giants of the US stock market.
China's assets are experiencing a highlight moment, with the Golden Dragon Index rising nearly 12% this week! Institutions expect a sustainable momentum to form.
①The hang seng china enterprises index rose by 3.06%, closing at a new high in two and a half years, rebounding by 36% since the September bottom, with most of the gains occurring after September 24; ②In the US stock market, Alibaba rose by 6.71% this week, while jd.com rose by 17.72%, supporting a cumulative 11.85% increase in the nasdaq China Golden Dragon Index.
NetEase (NTES): Attractive Investment Opportunity With R&D Focus
U.S. stock market morning session | September non-farm payroll data far exceeded expectations, with the three major indices opening higher before falling back slightly; most technology stocks rose, with AMD, tesla, and amazon up more than 2%.
As of press time, the Dow rose by 0.63%, the Nasdaq rose by 1.03%, and the s&p 500 index rose by 0.68%.
US stock market outlook: US September non-farm data higher than expected! Three major futures indicators surge in a straight line; will Chinese concept stocks continue to climb? Morgan Stanley: If short positions cover, it will push up the upward trend.
Bank of America: China stock fund saw the second highest inflow scale in history in the past week; European Central Bank Governing Council: inflation is under control, concerns arise as labor market cools down; spirit airlines plunged 33% before the market, the company is discussing potential bankruptcy application terms.
Hong Kong stocks become the "hottest" stock market in the world! The Hang Seng Index has risen nearly 40% so far this year, with brokerage stocks surging sixfold in five days. How will the future market evolve?
It is noteworthy that brokerage stocks, as the vanguards of the bull market, play the role of "front-runners" in this current uptrend. Moreover, Chinese-affiliated brokerage stocks in the Hong Kong market have shown astonishing increases, indicated by the gains over the past five trading days.
"Bull market leader" sends a heavy signal, market optimism continues to rise! Is a major trend about to emerge?
The brokerage sector has always been a barometer of bull markets. Today, brokerage stocks once again surged across the board, indicating that the market still holds a generally optimistic outlook for the future performance of the Hong Kong stock market.
Futu Morning Post | Fund managers are entering the Chinese stock market at a record speed! The 'China Dragon' ETF lands in the US stock market; foreign capital accelerates its positions! Morgan Stanley increases its shareholding in BYD and other companies
The size of the USA money market fund has reached a record $6.46 trillion; Biden's vague stance has sparked an energy storm, causing international oil prices to soar by over 5%; just after raising funds, OpenAI secured a $4 billion credit line, with liquid assets exceeding over $10 billion.
"China Dragon" ETF landed on Wall Street as the bull market returns, benchmarking the seven major ETFs in the US.
A new ETF called DRAG, "China Dragon", tracking the performance of major Chinese companies has landed on the US stock market. Its components currently include Tencent, Pinduoduo, Alibaba, Meituan, BYD, Xiaomi, JD.com, Baidu, and Netease. DRAG aims to track an equally weighted basket of stocks composed of the 5 to 10 largest and most innovative Chinese technology companies. This ETF will be rebalanced quarterly.
Express News | Alibaba Down 3.6%, PDD Holdings Down 2.7%, NetEase Down 1.4%, Baidu Down 5.3%
HSBC Maintains NetEase(NTES.US) With Buy Rating, Cuts Target Price to $120
US stock market outlook: Three major futures indexes narrowed their pre-market declines, with most Chinese concept stocks weakening; Goldman Sachs is once again 'rooting' for the S&P! US stocks will see a big rise at the end of the year.
The Fed leads the way! The global rate cut pace is beginning to accelerate significantly; ongoing strikes at US ports lead to a sudden increase in inflation risks; Berkshire Hathaway plans to issue yen bonds for the second time this year, analysts say Buffett may be eyeing financial and shipping stocks.
US Stock Discovery | Chinese concept stocks continue to rise! Bilibili has more than doubled in the year to reach a new high, while Alibaba, jd.com, and ke holdings have all risen by over 50%.
In terms of stocks hitting record highs, bilibili rose by 10.96%, ranking first on the list, trip.com rose by 7.05%, h world group rose by 6.69%.
Funds are rushing to buy in large quantities! Several Chinese concept stocks, china assets etfs have doubled, who is betting on them?
Behind the recent rise in Chinese assets, foreign capital with keen sense of smell is undergoing significant changes, returning to the Chinese market has become the hottest topics now.
Hang Seng Index fell by 330 points, mainland real estate stocks gave back gains, Meituan reversed the increase by 4%.
Hang Seng Index consolidated after six consecutive sharp rises stimulated by mainland financial measures. The Hang Seng Index opened high with a 40-point increase but then fell back. It once dropped 1,001 points to a low of 21,442 points, the afternoon decline narrowed significantly, closing down 330 points or 1.5% at 22,113 points; the China Enterprises Index fell 127 points or 1.6%, closing at 7,914 points; the Hang Seng Tech Index fell 178 points or 3.5%, closing at 4,978 points. The total turnover in the market for the day shrank to 310.344 billion yuan. Mainland real estate stocks retreated, Shimao (00813.HK), Sunac China (01918.HK), and Country Garden (00884.HK) all dropped by 21 points.
Express News | Ishares MSCI China ETF Down 2.5%, Ishares China Large Cap ETF Down 2%, Kraneshares CSI China Internet ETF Down 3.2%
Express News | Li Auto Down 2.3%, JD.com Down 3.1%, NIO Down 3.6%, Xpeng Down 3.8%
Express News | Alibaba Down 2.3%, Bilibili Down 6.1%, Tencent Music Entertainment Down 3.4%