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Market Insights: Dec 18th, 2023

TraderKnows
TraderKnows
05-15

Today's market insight relates to finance, international finance, markets, and investment.

Finance:

  1. A-Share Shipping Sector Rise: The A-share shipping sector opened leading the gains, amid increasing global shipping congestion.
  2. Hong Kong Stocks Rise and Fall: Hong Kong stock EAST BUY rose over 15%, while SenseTime Technology fell more than 14%.
  3. China Real Estate Adjustment: Guo Lei from GF Securities states China's real estate adjustment is nearing its end, predicting a 5% GDP growth next year under three conditions.
  4. Yunwei Shares Price Fluctuation: Yunwei Shares' stock price hit the daily limit, with transactions exceeding 400 million yuan, experiencing a so-called "sky-ground board," with a drop at the opening.

International Finance:

  • Bank of Japan Might Act: The Bank of Japan might again take unexpected market actions.
  • China Government Bond Issuance: China's central finance increased the issuance of 1 trillion yuan in government bonds, with the first batch of 237.9 billion yuan in bond funds allocated.
  • U.S. Interest Rate Cut Forecast: CICC believes the U.S. fundamentals do not support an early rate cut, but the Federal Reserve might implement a "precautionary" cut.

Market and Investment:

  • Bond Market: The main source of long-term income in the bond market is coupon income.
  • Beijing Stock Exchange Market Valuation Reassessment: The main thread in the Beijing Stock Exchange's market value reassessment is in low market value companies, with 3 billion yuan as a significant demarcation.
  • Residential Leverage Cycle: Guotai Junan's macro team believes a comprehensive residential leverage cycle will start after the second half of 2024.

Technology and Business:

  • Illumina and Grail Antitrust Battle: Illumina announces separation from Grail, involving antitrust battles in the U.S. and Europe.
  • Citigroup in China's Securities Business: Citigroup plans to establish a wholly-owned securities business in China, delaying the implementation plan.
  • Chinese Companies Assemble Chips in Malaysia: An increasing number of Chinese semiconductor design companies choose to assemble products in Malaysia.
  • Reduction in Business Travel Carbon Emissions: Nearly half of global companies have reduced business travel carbon emissions by at least 50%.

Retail and Lifestyle:

  • Hong Kong Luxury Retail: Hong Kong luxury retailers adapt to fewer Chinese tourists, shifting focus to attract tourists from other regions.
  • Greek Economic Growth: Greece passes the 2024 budget, with economic growth expected to rise to 2.9%.

Environment and Energy:

  • Musk's View on Oil and Gas: Tesla CEO Elon Musk states that reducing carbon emissions is important in the long run, but oil and gas should not be demonized in the short term.

Corporate News:

  • SenseTime Founder's Death: SenseTime's founder passes away due to illness, causing the company's stock price to hit a record low since listing.
  • EAST BUY's Executive Changes: EAST BUY to initiate major adjustments, involving salary changes of broadcasters like Dong Yuhui, with CEO Sun Dongxu being dismissed.
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Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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