GMT EIGHT - OPPORTUNITIES IN CHINA

Live pig futures contracts rose 4% intraday, now at 11,145.00 yuan.

Hong Kong stock market midday report: Hang Seng Index up 1.38%, Hang Seng Technology Index up 2.98%

Hong Kong stocks closed at midday, with the Hang Seng Index up 1.38% and the Hang Seng Technology Index up 2.98%. The Hang Seng Stock Connect ETF rose 1.42%, while the Hong Kong Stock Connect Technology ETF increased by 2.01%. In terms of sectors, the semiconductor products and equipment and durable consumer goods sectors saw the biggest gains, while hotel and resort REITs and construction materials sectors saw the biggest losses. In terms of individual stocks, Sige New Energy rose by 83.53%, Longpan Technology by 22.31%, Birun Technology by 21.41%, Dipu Technology by 19.43%, and Tianshu Zhixin by 14.66%. On the other hand, Guoxia Technology fell by 14.96%, Guoquan by 14.15%, Lanshi Technology by 14.14%, Guofu Quantum by 11.56%, and Xuanzhu Biotech-B by 7.88%.

Spot silver's intraday increase has expanded to 2.00%, now trading at $80.54 per ounce.

The trading volume of the Shanghai and Shenzhen stock markets exceeded 1 trillion yuan, a decrease of 120.4 billion yuan compared to the previous day.

Hedge fund Elliott disclosed a position in Da Jin Industrial, causing the stock price to soar 14%, the largest increase since 2009.

Daikin Industries encountered strong buying in the Tokyo stock market, with its stock price surging 14% in Thursday's early trading, marking the largest intraday gain since 2009.

The Shenzhen Component Index rose by 1.00% to close at 14643.858 points; the Shanghai Composite Index rose by 0.39% to close at 4042.724 points; the ChiNext Index rose by 1.62% to close at 3572.072 points.

Ignore the noise of war! "Wall Street Number Crunchers" are calling for technology stocks to dominate. The clarion call for a new bull market has sounded.

After going through a series of initial violent sell-offs, it seems that the investment power of Wall Street institutions is now keeping these war-related noises at bay.

Two-week surge of 200%! Avis Budget Group, Inc. (CAR.US) epic short squeeze followed by another showdown between the bulls and bears: the short interest ratio of outstanding shares has risen to 58%

Although Avis stock price surged over 200% in the 10 trading days up to Tuesday, causing short sellers to suffer nearly $2.5 billion in market value losses, short positions are still continuing to rise.

Spot silver rose 2% intraday and is now trading at $80.51 per ounce.

The direction of foreign exchange trading has changed! The halo of the US dollar as a safe haven is fading, and expectations of depreciation are regaining control of the market.

Due to the US-Iran ceasefire weakening the safe-haven demand that previously supported the US dollar, international investors are increasing their efforts to hedge against the risk of US dollar depreciation. As of April 10, investors' hedging ratio against the US dollar rose to 63%, the highest level since the same period in 2024.

Federal Reserve Beige Book: US-Iran war exacerbates uncertainty, labor market enters "hire and fire" mode

The latest release of the Fed's Beige Book shows that the US-Iran war has quickly become a major source of uncertainty facing business operations, affecting key decisions such as hiring, pricing, and capital expenditures.

Federal Reserve officials warned of inflation risks and said that the central bank may remain on hold for an extended period of time.

Federal Reserve officials have recently made intensive statements, emphasizing that high oil prices and continuous supply shocks may keep inflation high, thereby limiting the space for monetary policy to shift.

White House: Optimistic about Kevin Warsh "on time" taking over as Chairman of the Federal Reserve.

Sell computing power rather than sell shoes! Allbirds (BIRD.US) "transformed into AI" overnight, with its stock price skyrocketing over 400%. Why is the market buying into it?

"Silicon Valley God Shoes" Allbirds enters the GPU computing power rental track.

Contemporary Amperex Technology (03750) achieved a net profit attributable to shareholders of 20.738 billion yuan in the first quarter, an increase of 48.52% year-on-year.

Contemporary Amperex Technology Co., Ltd. (03750) announced that in the first quarter of 2026, the operating income was 1291.31 billion yuan, a year-on-year increase of 52.45%; the net profit attributable to shareholders of the listed company was 207.38 billion yuan, a year-on-year increase of 48.52%; and the basic earnings per share was 4.58 yuan.

The Dow rose 0.03% at the opening, the Nasdaq rose 0.21%, and the S&P 500 rose 0.15%. Star tech stocks Microsoft rose 1.24%, Tesla rose 0.72%, and Meta Platforms rose 0.68%. The Nasdaq China Golden Dragon Index fell 0.2%, with NIO falling 3.15% and XPeng Group falling 3.13%.

National Bureau of Statistics: Intends to explore new trading models such as word element trading.

The National Bureau of Statistics is soliciting public opinions on the "Implementation Plan for Promoting the Construction of High-Quality Data Sets in Industries". It proposes to innovate the business model of industry high-quality data sets, improve the long-term operation mechanism of data sets, encourage data sets to be listed for trading in data circulation service agencies such as data exchanges, develop diverse service forms such as "subscription model", "market model", "customized model", etc., and promote the business model to evolve from selling basic data packages to calling application programming interfaces, model-based solutions, and full-stack services. Explore new trading models such as word element trading, build a data set value system based on quantifiable and pricable word elements.

National Bureau of Statistics: Plans to cultivate a group of leading enterprises in data labeling, unicorn enterprises, and gazelle enterprises.

The National Bureau of Statistics solicits public opinions on the "Implementation Plan for Promoting the Construction of High-Quality Data Sets in the Industry". The draft for soliciting opinions proposes continuously promoting the pilot testing of data labeling. It guides the first seven cities tasked with the pilot testing of data labeling to continuously strengthen the data labeling industry. It lays out a phased plan to establish a number of innovative data labeling pilot zones in regions with strong innovative capabilities, good development foundations, and unique industrial features. It orderly guides regions with the necessary conditions to carry out pilot zone construction in a targeted manner to avoid following the crowd, prevent homogenization and low-level redundant construction, promote close coordination between the upstream and downstream of the data labeling industry chain, and form industrial agglomeration effects. It nurtures a group of leading data labeling companies, unicorns, and gazelle enterprises to strengthen the data labeling industry.

The Shanghai Stock Exchange will launch new medium-term options and quarterly futures, expanding its stock index dividend product line.

CATL: RMB 69.57 cash dividend per 10 shares

Ningde Times announced that the company's 2025 A-share equity distribution plan is as follows: based on the existing total A-share capital of 4.408 billion shares, excluding repurchased shares of 4.376 billion shares, a cash dividend of RMB 69.57 will be distributed to all shareholders for every 10 shares held. The equity registration date is April 21, 2026, with the ex-dividend date and cash dividend payment date set for April 22. The total amount of this dividend is approximately RMB 30.445 billion. There will be no capital reserve fund converted into share capital or bonus shares issued.

Alibaba Cloud: Adjusts the service prices for some MU model units on the large model service platform Bai Lian.

Aliyun announcement: In order to continue to ensure the stable supply of underlying hardware, improve the quality of platform operation and maintenance services, and respond to changes in the cost of computing power in the market, we will make moderate adjustments to the service prices of some MU model units. The product affected is the large model service platform "Bailian", with price increases ranging from 2% to 7%.

Market news: The US and Iran have reached a "principled" consensus on extending the ceasefire.

OLED version of iPad Air may be released next year.

According to South Korean media ETNEWS, Apple will launch an OLED version of the iPad Air in the first half of 2027, with industry insiders believing that the release date will be in March or May. This means that in the future, only the standard digital series of the iPad product line will continue to use LCD display panels.

The experimental spacecraft has completed multiple key technology verifications in orbit.

Journalists learned today from the Innovation Academy of Microsatellites of the Chinese Academy of Sciences that on March 30, 2026 at 19:00, China's independently developed light boat test spacecraft was successfully launched into orbit. It has completed the initial flight control test, actively raised to a 600-kilometer orbit to conduct long-term trials, marking a significant breakthrough in China's new generation of low-cost cargo spacecraft technology verification.

Eurozone industrial output in February month-on-month increased by 0.4%, higher than the expected 0.3%, and the previous value was revised from -1.50% to -0.8%. Eurozone industrial output in February year-on-year decreased by 0.6%, slightly better than the expected -1%, and the previous value was revised from -1.20% to -1.10%.

Hong Kong Exchange (00388) Chen Yiting: Extending trading hours is the trend, but may not be suitable for Hong Kong stocks.

HKEX (00388) CEO Charles Li attended the HSBC Global Investment Summit in 2026 and expressed that although extending trading hours is inevitably becoming a trend and is also what investors are currently pursuing, it may not be suitable for the Hong Kong stock market, so careful consideration is necessary.

"Qiushi" magazine publishes an important article by General Secretary Xi Jinping on promoting nationwide reading and constructing a society of literary refinement.

The AI investment boom has triggered an explosion in equipment demand, and ASML Holding NV ADR (ASML.US) has raised its 2026 sales forecast to a maximum of 40 billion euros.

Global spending on artificial intelligence is surging, driving demand for advanced chip manufacturing equipment, ASML announced on Wednesday that it has raised its full-year sales forecast.

Live pig consecutive main contract rose 5% intraday, now reported at 10,860.00 yuan.

The early morning closing of commodities futures.

Silver rose continuously by 5.95%, tin by 3.44%, coke by 3.41%, xylene by 2.95%, butadiene rubber by 2.91%, live pigs by 2.90%, and benzene by 2.74%.

As the US and Iran restart negotiations, Trump says the Iranian conflict is "close to an end".

The U.S. President Trump said in an interview with American media on the 14th that the conflict with Iran is "coming to an end."

HumanX Conference Observation: AI intelligent entities' investments are soaring, UBS claims OpenAI and Anthropic are transforming into enterprise IT budget "devourers".

The autonomous execution of various tedious and complex tasks by AI intelligent agents (AI proxies) is highly likely to be the ultimate trend in AI applications in the next decade. The emergence of AI intelligent agents signifies that artificial intelligence is evolving from an information-assisting tool to a highly intelligent productivity tool.

The trading volume of the Shanghai and Shenzhen stock markets exceeded 1 trillion yuan, an increase of 76.6 billion yuan compared to the same time the previous day.

HK Stock Market Move | The science and technology stocks opened higher across the board, driving the HEX index to open more than 2% higher. The cooling of geopolitical risks is expected to reverse pessimistic expectations.

The technology stocks on the Science and Technology Board all opened higher, driving the Hang Seng Technology Index up more than 2%. As for the constituent stocks, as of the time of writing, JD.com Group-SW (09618) rose 5.98% to HK$122.3, Baidu Group-SW (09888) rose 4.86% to HK$116.5, XPeng Motors-W (09868) rose 4.04% to HK$69.5, and Alibaba-W (09988) rose 4.02% to HK$129.5.

Growth Enterprise Index hits new high since June 19, 2015.

The ChiNext index continued to strengthen, opening higher by over 1%, breaking through the 3576.12 stage high set on July 22, 2021, and reaching a new high since June 19, 2015.

Wall Street begins to block out the noise of the war! AI computing power and data center electricity are taking advantage of the "counterattack trend".

The top traders on Wall Street are currently unconcerned about the negative situation in the Middle East, opting to continue buying stocks; institutional investors are the driving force behind the current stock market recovery.

WTI crude oil fell 4% intraday, now trading at $87.61 per barrel.

The Israel-Lebanon Washington talks lasted for over two hours.

On the 14th local time, according to personnel from the Israeli Embassy in the United States, the talks between Lebanon and Israel in Washington have ended after more than two hours. Representatives from the Israeli and Lebanese governments held direct talks in the US capital of Washington on the 14th. It is reported that Israel and Lebanon have not established diplomatic relations, and this meeting is the "first direct meeting between non-military personnel of the two countries in decades." US Secretary of State Pompeo met with delegations from both Israel and Lebanon at the State Department and attended the meeting held at the State Department. The Israeli and Lebanese delegations were led by Israeli Ambassador to the United States Yehiel Leiter and Lebanese Ambassador to the United States Naada Hamad Muawad. US Ambassador to Lebanon Michele Issa and State Department advisor Michael Niedermayer also participated in the talks.

The confirmation hearing for Powell's nomination as chairman of the Federal Reserve is scheduled for April 21st at 10:00 am.

Spot gold breaks through $4840 per ounce, up 2.11% intraday.

Wang Yi held talks with Russian Foreign Minister Lavrov.

On the 14th, Wang Yi, member of the Political Bureau of the Communist Party of China Central Committee and Minister of Foreign Affairs, held talks with Russian Foreign Minister Lavrov in Beijing. Wang Yi stated that in the face of a complex and changing external environment, under the personal care and strategic guidance of President Xi Jinping and President Putin, the China-Russia relationship "will not be obscured by floating clouds" and cooperation in various fields will remain strong. Both sides should promote the China-Russia strategic cooperation partnership and mutually beneficial cooperation in various fields to a higher level. Lavrov stated that Russia is willing to continue close high-level exchanges with China, deepen practical cooperation, maintain coordination on the multilateral stage, defend national interests, and jointly uphold international system security and stability. The two sides communicated on the preparation for the meeting of the two leaders within the year and exchanged in-depth views on the US-Iran conflict, the Asia-Pacific situation, the crisis in Ukraine, and other issues.

In March, the annual US PPI was 4%, lower than the expected 4.6% and higher than the previous value of 3.40%. The monthly US PPI in March was 0.5%, lower than the expected 1.1% and revised down from the previous value of 0.7% to 0.5%. The annual US core PPI in March was 3.8%, lower than the expected 4.1% and revised down from the previous value of 3.9% to 3.8%. The monthly US core PPI in March was 0.1%, lower than the expected 0.5% and revised down from the previous value of 0.5% to 0.3%.

U.S. Senator SCOTT: It is expected that Washington's nomination will be approved.

Chow Tai Fook: Partial gold product brand usage fee increased to 24 yuan/gram.

Zhou Dasheng announced that in order to comprehensively promote retail transformation, upgrade products, and empower franchise businesses deeply to enhance brand competitiveness, the company has decided to adjust some product brand usage fees. Starting from April 14, 2026, the brand usage fee for gold products priced by gram in Zhou Dasheng's main brand and classic franchise channels will be unified adjusted from 12 yuan/gram to 24 yuan/gram; the brand usage fee for gold products priced by piece will remain unchanged. The company stated that the impact of this adjustment on future performance is uncertain, and the final results will be reported in the regular reports. Investors are advised to pay attention to investment risks.

JPMorgan Chase reported a first-quarter revenue of $49.836 billion, a year-on-year increase of 10%; adjusted earnings per share were $5.94, a year-on-year increase of 17%.

BlackRock's first-quarter revenue was $6.98 billion, compared to the market's general expectation of $6.46 billion.

Southbound funds sold a net of HKD 2.017 billion today.

Regarding the Shanghai-Hong Kong Stock Connect, CNOOC and Diaper Technology received net purchases of 347 million Hong Kong dollars and 31.9286 million Hong Kong dollars respectively; Yingfu Fund ranked first in net selling with an amount of 2.564 billion Hong Kong dollars. As for the Shenzhen-Hong Kong Stock Connect, Bubble Mart and Tencent Holdings received net purchases of 520 million Hong Kong dollars and 185 million Hong Kong dollars respectively; Yingfu Fund ranked first in net selling with an amount of 597 million Hong Kong dollars.

The Shenzhen Stock Exchange will organize a collective performance briefing for private listed companies on the Shenzhen Stock Exchange.

On April 20, the Shenzhen Stock Exchange will organize a collective performance explanation meeting for the listed private companies in Shenzhen under the theme of "Innovating Activation Energy, Composing a New Chapter in the Development of Private Enterprises". Companies such as Yingboer, Jinli Permanent Magnet, Strong Ray Technology, and Boshijie will be invited to participate. At that time, each company will communicate with investors through online and offline channels, analyze their performance, answer investors' questions, listen to opinions and suggestions, and help investors better understand the company. We welcome all investors to continue to pay attention and actively participate. (Shenzhen Stock Exchange)

The largest scientific and intelligent computing cluster in our country has been put into operation.

Today, the largest scientific intelligence computing cluster in our country was put into use at the national supercomputing internet core node located in Zhengzhou. This marks a key breakthrough for our country in the field of computing power infrastructure for artificial intelligence-driven scientific research, and will help our country seize the high ground in the application of artificial intelligence industry.

According to reports, sources said that the US-Iran negotiations will focus on easing tensions and discussing the related steps to reach a broader agreement. Due to the sensitive nature of the discussions, they requested anonymity. It is currently unclear which officials will be involved in the negotiations, and how long the negotiations will last.

Latest

2 m ago

Onshore renminbi against the US dollar closed at 6.8197 on April 16th at 16:30, down 12 basis points from the previous trading day.

2 m ago

Willow Chemical Corporation: Revenue is expected to reach 137 million yuan by 2025, and the stock may face the risk of delisting warning.

3 m ago

Dynamically adjust the CCC certification directory to avoid low-price, low-quality "internal competition"

3 m ago

The Market Supervision Administration launched a special operation to crack down on fake CCC certification marks and strengthen quality responsibility traceability.

4 m ago

One of the group of "Hangzhou Six Little Dragons", a batch of Hong Kong-listed nuclear technology stocks, surged by over 195% in the dark market at one point, reaching a high of HK$23.

Seeking Coverage

Being Writer

Exploring Cooperation