Pre-market trading in US stocks | Gold stocks surge, while cryptocurrency concept stocks plummet! NetEase briefly rose 4%, leading Chinese concept stocks

LB Select
2024.04.09 10:23
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NetEase rose more than 4% in pre-market trading, confirming earlier that Blizzard's mainland China server will be officially announced on April 10th; XPeng rose more than 3%, Bilibili rose more than 2%, Nio rose more than 1%; TSMC rose more than 3%, receiving $11.6 billion in funding support from the US Department of Commerce; BlackBerry rose more than 5% at one point, partnering with AMD in the robotics field

U.S. Stock News

  1. NetEase revealed that the return of "Blizzard China Mainland National Service" will definitely be officially announced on April 10th. However, this cooperation is mainly led by NetEase's LeiHuo Business Group, with extremely high confidentiality.

  2. According to Taiwan's Electronic Times, Micron Technology plans to raise DRAM and SSD prices by 25% in the second quarter.

  3. After the MEGA incident, recent news indicates that Li Auto will make internal adjustments, including suspending all offer approvals, reducing budgets by over 30%, and initiating layoffs. In response, Li Auto officially stated that the significant layoffs and budget cuts are not true.

  4. Recently, it was reported that Jia Yueting's car company Faraday Future, founded in the United States, owed nearly a million dollars in lease payments and was sued. However, an agreement was reached with the landlord, allowing them to continue staying in the building as long as certain conditions are met. On April 9th, FF Auto indirectly confirmed the authenticity of this news.

  5. Hurun's "2024 Global Unicorn List" was released. The top ten unicorn list in China shows that ByteDance, Ant Group, and Shein remain the top three, with MiHoYo entering fifth place and Xiaohongshu entering the tenth place.

  6. A survey by Deutsche Bank shows that consumers have mixed views on Bitcoin, with about one-third of respondents expecting Bitcoin to fall below $20,000 by the end of the year. This is about $50,000 lower than the current price, returning to the levels of the deep bear market in 2022.

Pre-market Movement

In pre-market trading, the three major U.S. stock index futures are up.

Bitcoin is currently trading at $70,429, down over 2% in the past 24 hours; Ethereum is currently trading at $3,630, slightly up in the past 24 hours.

Cryptocurrency concept stocks are down in pre-market trading, with technology stocks and Chinese concept stocks showing mixed movements.

Microstrategy is down over 2%, Marathon Digital and Coinbase are down over 1%.

NetEase briefly rose over 4%, XPeng rose over 3%, Bilibili rose over 2%, Nio rose over 1%, while Alibaba, JD.com, Pinduoduo, Baidu are up, and Li Auto is slightly down.

U.S. defense stocks are trending lower, following the decline of European defense stocks, with Lockheed Martin down over 2% and General Dynamics down over 1%.

Gold mining stocks are rising, with Barrick Gold, Newmont Mining, Gold Fields, Sibanye Stillwater, and AngloGold Ashanti up by 1.3%-3.5%. Previously, spot gold hit a new historical high.

TSMC is up over 3%, receiving $11.6 billion in funding support from the U.S. Department of Commerce.

BlackBerry briefly rose over 5% and partnered with AMD in the robotics field

Strategy Review

1. Gold's Triple Questions: Who is buying, why buy, will the "derailment" continue?

UBS believes that the current gold buying is more diversified, including hedge funds and central banks from various countries. The motivations for buying gold include: 1. Federal Reserve monetary policy and inflation risks; 2. Geopolitical situation; 3. Concerns about the US fiscal situation. In the long term, the correlation between gold and real interest rates, as well as the US dollar, still holds.

2. "Stock God" is buying again? Berkshire's new round of yen bond issuance, five major trading companies follow suit to boost Japanese stocks

Media reports indicate that Berkshire Hathaway plans to issue its first batch of yen bonds since the Bank of Japan raised interest rates. Buffett's move has sparked market speculation that he may be considering further increasing his investments in Japan.

3. Musk urgently announces Robotaxi to save stock price? Analysis: Consistent style, investors need to be cautious

Elon Musk announced last week that he will launch autonomous taxi service Robotaxi in August this year, leading to a 5% surge in Tesla's stock price during Monday's US trading session. Analysts believe that considering Musk's consistent style of missing deadlines, this move is actually aimed at creating buzz to boost the stock price, and investors should remain calm

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