FIT HON TENG(06088) fell 11.89%, with a trading turnover 93.2 Million HKD, and a year-to-date rose 82.2%. ZAI LAB(09688) fell 7.15%, with a trading turnover 64.6 Million HKD, and a year-to-date fell 44.5%. MEIDONG AUTO(01268) fell 6.47%, with a trading turnover 16.2 Million HKD, and a year-to-date fell 39.2%.

Top 10 HK Stock Losers (4.11)

KEEP(03650) rose 45.65%, with a trading turnover 417.3 Million HKD, and a year-to-date fell 51.9%. SANERGY GROUP(02459) rose 15.95%, with a trading turnover 31.8 Million HKD, and a year-to-date fell 61.2%. DONGFANG ELEC(01072) rose 8.99%, with a trading turnover 103.7 Million HKD, and a year-to-date rose 35.9%.

Top 10 HK Stock Gainers (4.11)

Tesla options trading volume slightly increased to 1.92 million contracts, with put options accounting for 55.6%. Put options with a strike price of $240 expiring on April 19 traded over 150,000 contracts, becoming the most active contract overnight. Apple options trading nearly doubled to 1.04 million contracts, with put options accounting for 56.6%

US Stock Options | Market betting on a decline? Tesla, Apple, Intel put options trading surges!

Raising $450 million, with a valuation exceeding $3.1 billion

Compound annual growth rate of 63%, professional nursing company PACS will go public tonight

我国每年工农业等重点领域设备投资更新需求在 5 万亿元以上，汽车、家电换代需求也在万亿元以上级别。

发改委：我国每年工农业等重点领域设备投资更新需求在 5 万亿元以上，汽车、家电换代需求也在万亿元以上级别

今年美国联邦基金利率预计在 5% 左右，意味着今年只会有一到两次 25 个基点的降息。外界质疑，在经济未放缓的情况下，美联储是否能降息。当前焦点在于通胀是否下行或停滞在接近 3% 的水平。如果经济没有明显放缓，美联储可能无法降息。

新美联储通讯社：现在的问题已经不是何时降息，而是降不降？

Bubble Mart rose more than 4%, as of the deadline, it rose by 4.01% to HKD 29.85, with a turnover of HKD 2.28 billion. Morgan Stanley released a research report stating that there is a more than 80% chance that Bubble Mart's stock price will rise in the next 30 days. Potential positive catalysts include first-quarter sales performance, overseas sales growth potentially leading to market upgrades to its full-year forecast; May Golden Week; Toy bricks set to launch in June; mobile games to start public testing soon. The bank pointed out that since early February, Bubble Mart has significantly outperformed the Hang Seng Index for the same period, but believes that the stock still has further upside potential, supported by ample catalysts and a potential compound annual growth rate of around 30% from 2023 to 2025

Hong Kong Stock Market News | Pop Mart rises more than 4%, Morgan Stanley says the company has multiple positive catalysts, stock price still has room to rise

While AltC Acquisition Corp has underperformed by -11.78%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ALCC rose by 39.23%, with highs and lows ranging from $17.49 to $10.10, whereas the simple moving average jumped by 33.90% in the last 200 days.

Do investors need to be concerned about AltC Acquisition Corp (ALCC)?

AltC Acquisition Corp. saw a large growth in short interest in March. As of March 31st, there was short interest totaling 106,500 shares, a growth of 886.1% from the March 15th total of 10,800 shares. 

Short Interest in AltC Acquisition Corp. Rises By 886.1%

OSL Group rose nearly 5%, as of the time of publication, it rose by 4.76% to HKD 9.47, with a turnover of HKD 16.6891 million. On the news front, on April 10th, the Hong Kong Securities and Futures Commission updated the list of fund companies managing virtual assets on its official website, adding Jia Shi International and Huaxia Fund (Hong Kong). These two companies, on the basis of their existing asset management business, have added virtual asset management services. Analysts in the industry believe that obtaining this qualification means that the Hong Kong market's Bitcoin spot ETF product is only a step away from being launched and is expected to be implemented in the near future. It is reported that the company is a digital asset and financial technology company, and its OSL digital asset platform is the first and currently the only digital asset platform in Hong Kong that has been licensed by the Hong Kong Securities and Futures Commission and has insurance coverage, providing institutional and professional investors with services such as bulk trading, trading, custody, and settlement of digital assets

Hong Kong Stock Market News | OSL Group Surges Nearly 5% as Hong Kong Bitcoin Spot ETF Approval Imminent

ZEEKR recently conducted an executive live streaming endurance test, showing that the endurance completion rates of its two products are 83% and close to 90% respectively. This achievement demonstrates ZEEKR's strong technical capabilities in the field of new energy vehicles. ZEEKR not only launched multiple popular products, but also tested them in a way that simulates real user scenarios infinitely to clarify controversies about endurance capabilities. ZEEKR responds to doubts with strength, demonstrating its focus on and satisfaction of user value needs

Hyper Track | Why is ZEEKR bold enough to live stream endurance testing

比特币突破 71000 美元/枚，日内涨 1.77%。

U.S. inflation has fluctuated slightly, with Wall Street bulls believing there is no need to worry excessively. Analysts at hedge fund Citadel stated that unless there is a policy mistake, inflation will gradually converge to the Federal Reserve's target of 2%. At the same time, strong U.S. economic data has led investors to reassess their rate cut expectations. Traders expect the Fed to cut interest rates only twice this year. The market is confident in the Fed's ability to control inflation, and risk assets are expected to continue to rise. Wall Street praises Fed Chairman Powell for his stance against rate cuts last year. Despite slightly higher inflation rates, the Fed still has room to cut rates

Second wave of US inflation? Wall Street bulls: Don't panic, US stocks can rise without interest rate cuts

Former US Treasury Secretary Lawrence Summers said that the rise in the US Consumer Price Index (CPI) in March could mean that the Federal Reserve may raise interest rates. He believes that a rate cut in June could be a mistake, leading to a possible downturn in the financial markets. Goldman Sachs Chief Economist Jan Hatzius has postponed the timing of the first rate cut to July and expects the Fed to cut rates twice this year. He stated that the committee will need to see sustained strong inflation data and prolonged weak data

Raging inflation shatters market dreams! Will the Federal Reserve not cut interest rates in June, and possibly even raise them?

中国电动车基础设施和试驾体验良好，新兴市场投资者关注收益策略，中国市场信心恢复是必然。

摩根资产管理 Emily Whiting：人们对中国市场的信心恢复是必然的

中国 3 月 CPI 年率 0.1%，预期 0.40%，前值 0.70%。

中国 3 月 PPI 年率 -2.8%，预期-2.80%，前值-2.70%。

El-Erian 认为，美联储应提高通胀目标以避免过高利率对经济和就业市场的不必要放缓。隔夜美国核心 CPI 连续第三个月超预期，引发市场对通胀的深度思考。El-Erian 认为，当前美国处于供给受限而非需求不足的全球经济新范式中，需要摒弃对过去数据的过度依赖，采取更具战略性的政策视角。分析师预计鲍威尔可能倡导将中期通胀目标调整至更接近 3% 的水平，以应对供给受限带来的挑战，并避免过高利率对经济造成负面影响。

El-Erian：美联储应尽早认清 “通胀原因”，提高通胀目标，避免过高利率

Goldman Sachs Asset Management has withdrawn its investment from overvalued technology stocks and shifted its focus to energy stocks and the Japanese stock market. The energy sector may benefit from the growth in global energy demand, while the Japanese stock market is attractive to investors due to relatively lower valuations, economic factors, and policy support. Goldman Sachs remains optimistic about the stock market but believes that technology stocks may face downward pressure. In addition, Goldman Sachs expects the US economy to achieve a soft landing, but there are still risks. Goldman Sachs maintains a cautious stance on utilities, real estate investment trusts, and small-cap stocks. Some small-cap stocks with lower valuations that may become acquisition targets in the AI field remain attractive

Goldman Sachs: It's time to take profits on US tech stocks and look at investments elsewhere

美国前财长萨默斯认为，6 月份降息将是一个危险且严重的错误，现在不需要降息。他指出，3 月份美国 CPI 数据的上升表明，下一次会议美联储加息的可能性必须得到慎重对待。此外，萨默斯还表示，经济指标可能逆转，金融市场可能下滑，因此对于降息应该谨慎考虑。

美国前财长萨默斯：是时候慎重考虑美联储加息了

Biden's rare statement: The start of rate cuts will be delayed by at least a month. Meta's next-generation AI chip debuts: optimizing recommendation systems, but unable to train large models. Adobe buys video resources to build a text-to-video model. OpenAI founder Ultraman proposes an AI alliance plan. Apple plans to double iPhone production value in India to $14 billion. Bitcoin hits $71,000 per coin. Hong Kong may launch its first batch of spot Bitcoin ETFs this month

Breakfast | CPI crushes rate cut expectations, US stocks collectively plunge, Morgan Stanley bullish on NVIDIA to $1000

拜登公开表示预计美联储年底前将降息，以应对连续高于预期的通胀数据对连任前景的影响。通胀和失业率对总统连任机会有重要影响，因此拜登需要采取措施应对。然而，就业数据和通胀数据的不利影响可能导致选民对拜登经济政策的不满，进一步削弱其连任机会。拜登试图通过强调通货膨胀率的下降来辩护自己的经济成就，但他需要避免进一步失望美国民众，以提高连任的支持度。

拜登坐不住了？罕见对美联储货币政策表态

Alibaba(BABA) rose 2.19%, with a trading turnover 1.5 Billion USD, and a year-to-date fell 3.8%. NVIDIA(NVDA) rose 1.97%, with a trading turnover 37.1 Billion USD, and a year-to-date rose 75.8%. Blackstone(BX) fell 4.48%, with a trading turnover 423.4 Million USD, and a year-to-date fell 3%. Prologis(PLD) fell 4.47%, with a trading turnover 553.8 Million USD, and a year-to-date fell 8.9%.

Top 5 US Stock Gainers/Losers (>100B) (4.10)

Alpine Immune Sciences(ALPN) rose 20.8%, with a trading turnover 619.6 Million USD, and a year-to-date rose 146.8%. Janux Therapeutics(JANX) rose 11.47%, with a trading turnover 149.7 Million USD, and a year-to-date rose 315.8%. Revolution Medicines(RVMD) rose 10.64%, with a trading turnover 159.7 Million USD, and a year-to-date rose 27.3%.

Top 10 US Stock Gainers (4.10)

SMART Global(SGH) fell 24.07%, with a trading turnover 134.2 Million USD, and a year-to-date rose 4%. Rocket(RKT) fell 12.83%, with a trading turnover 74.2 Million USD, and a year-to-date fell 15.1%. Destiny Tech100(DXYZ) fell 12.5%, with a trading turnover 254.6 Million USD, and a year-to-date rose 578.8%.

Top 10 US Stock Losers (4.10)

Nano Labs(NA) rose 30.41%, with a trading turnover 65.8 Million USD, and a year-to-date rose 6.6%. Iczoom(IZM) rose 17.22%, with a trading turnover 128.2 Million USD, and a year-to-date rose 274%. Canadian Solar(CSIQ) fell 7.36%, with a trading turnover 46.3 Million USD, and a year-to-date fell 33.8%. Hesai(HSAI) fell 5.33%, with a trading turnover 2.8 Million USD, and a year-to-date fell 43.2%.

Top 5 CDRs Gainers/Losers (>100M) (4.10)

NVIDIA's stock price has recently shown weakness, dropping more than 10% from its previous all-time high and entering a technical adjustment zone. Competitors like Intel have launched new artificial intelligence chips, while Google has also introduced its own new AI chips, posing a challenge to NVIDIA. Despite some analysts giving a neutral rating, analysts at Morgan Stanley believe NVIDIA is capable of benefiting from the massive investments by cloud providers and have raised their target price to $1000. Although NVIDIA outperformed the broader U.S. stock market this week, as a key driver of the U.S. stock market's rise since the beginning of the year, caution is still needed as it enters a technical adjustment zone

Be cautious! The "most handsome boy" in the US stock market, Nvidia, has temporarily entered a technical adjustment zone

Alpine Immune Sciences（ALPN）美股盘后涨超 36%，最近六个月累计涨幅达到 334.35%。

Tech giant Meta has released its self-developed AI chip to reduce its reliance on external companies like Nvidia. This chip is the latest version of Meta's Training and Inference Accelerator (MTIA) released last year, and will be used to rank and recommend content on Facebook and Instagram. Meta's shift towards AI services has increased the demand for computing power, with plans to invest $35 billion to support AI. Despite tech giants like Meta developing their own chips, the demand for Nvidia in the AI industry remains high

Tech giants successively launch new "anti-NVIDIA" AI chips! This time it's Meta, with an update to MTIA

美联储会议纪要显示，与会官员认为今年适合降息，他们担心通胀未很快回落，同时预计很快放慢缩表速度。

美联储会议纪要：几乎所有官员认为今年适合降息，酝酿 “很快” 开始减慢缩表

The U.S. CPI data for March once again exceeded expectations, triggering concerns among Wall Street analysts about the direction of inflation. It is widely believed that the Federal Reserve needs to maintain higher interest rates for a longer period and wait for more moderate evidence of inflation, so the possibility of a rate cut in June is almost nonexistent. Goldman Sachs economists predict that the Fed will cut interest rates twice this year, in July and November respectively. These economists believe that after three relatively strong inflation data points from January to March, more months of milder data are needed to balance it out. Overall, the direction of inflation development is concerning, leading to a delay in the timing of rate cuts

Wall Street Review CPI: Rate cut in June is no longer possible, Goldman Sachs expects two rate cuts in July and November

NetEase and Blizzard announced a reunion, with NetEase set to reintroduce Blizzard games to the Chinese market starting in the summer of 2024. The collaboration will cover games such as World of Warcraft and Hearthstone. Microsoft has also reached an agreement with NetEase, aiming to bring new NetEase games to Xbox and other platforms. NetEase's stock price has risen. After Blizzard's departure, NetEase's self-developed games have risen, making it the second largest game company in China. The relationship between the two parties changed after 15 years of cooperation, as they parted ways due to dissatisfaction with the renewal terms, and are now back in collaboration

NetEase and Blizzard magically reunited

On Wednesday, April 10th, on the eve of the heavyweight U.S. CPI inflation announcement, European and American stock markets rose across the board, with little change in the bond market. Gold and crude oil continued to rise. Jack Ma published a post on Alibaba's intranet titled "To Reform, To Innovate", affirming the reforms of the new management team composed of Joseph Tsai and Eddie Wu, stating that Alibaba has returned to a healthy growth track and supporting further reforms

The US March CPI is about to be announced, European stocks are generally up, US stock futures are flat, while gold and crude oil continue to rise

The world's top chip manufacturers are getting involved in an AI arms race, with ASML emerging as the biggest beneficiary. ASML is the only company capable of producing extreme ultraviolet lithography machines, which are crucial equipment for manufacturing cutting-edge AI chips. ASML has invested heavily in research and development, establishing a strong competitive barrier. It is expected that its service revenue will continue to grow, with a projected 30% revenue increase in 2023. However, compared to other chip companies benefiting from the AI boom, ASML's stock price has shown a relatively lower increase

Top chip manufacturer "arms race", is this chip "arms dealer" the winner?

美国 3 月核心 CPI 同比 3.8%，预期 3.7%，前值 3.8%。

TSMC achieved its highest sales growth since 2022 in the first quarter of this year, with a 34.3% year-on-year increase in sales in March and a 16.5% year-on-year increase for the first quarter. Driven by the AI boom, the global chip market is beginning to recover. TSMC, the world's largest contract chip manufacturer, serves a customer base that includes tech giants such as Apple and NVIDIA. TSMC's stock price has reached a historic high, with the market expecting steady growth. The company plans to increase capital expenditures, with revenue expected to grow by over 20% this year. TSMC is actively building new factories to supply data centers for internet giants

Riding the AI wave, TSMC achieved its largest sales growth in the first quarter of 2022

Wall Street analysts have adjusted price targets for Nvidia and Tesla. Morgan Stanley has raised its price target for Nvidia due to strong demand and pricing power in the semiconductor space. Jefferies, on the other hand, has lowered its price target for Tesla citing internal challenges and softening sales in China. These adjustments come at a time when Nvidia's stock has been under scrutiny, while Tesla has reported lower-than-expected production and delivery numbers.

Wall Street Analysts Adjust Targets For Nvidia And Tesla Amid Market Movements

香港证监会即将批准比特币现货 ETF，嘉实和华夏基金有望率先尝鲜。这是中国头部基金公司香港子公司首次获批虚拟资产管理业务。港交所将在批准后的两周准备上架事宜，计划在 4 月底前上架比特币现货 ETF。

香港比特币现货 ETF 获批在即，嘉实、华夏有望率先尝鲜

XPeng Motors rose more than 3% in pre-market trading, leading Chinese concept stocks. Alibaba and Pinduoduo rose more than 2%, while JD.com, Nio, Li Auto, Bilibili, NetEase, and Baidu rose more than 1%. Faraday Future surged 18% at one point, but the gain has now narrowed to less than 4%. TSMC also rose nearly 2% at one point

Pre-market trading in US stocks: XPeng and Alibaba lead the rise in Chinese concept stocks! Market focuses on tonight's US CPI

TSMC's sales in March increased by 34%, rising 1.5% in pre-market trading

WSB Hot Discussion | OpenAI+ Nuclear Energy, ALCC Receives Attention

A decision-making framework: Regret Minimization Framework; You must pay the price for your uniqueness, but it's worth it

These 110 thoughts make Bezos comparable to Musk

Morgan Stanley has lowered Alibaba's target price from HKD 100 to HKD 95, suggesting investors to take advantage of its weak stock price. They believe that Alibaba's current price level is supported, mainly because the current price implies a 7% shareholder return next year, which is attractive

Rating Quick Look | TSMC's target price significantly raised! Alibaba, Tesla facing price cuts

Recently, Chinese assets have surged, with Hong Kong stocks soaring and the Hang Seng China Enterprises Index entering a technical bull market, attracting global funds back to the Chinese market. At the same time, Singapore iron ore futures prices have seen the largest two-day increase in over two years, mainly due to China's steel demand and production growth. Strong U.S. economic data has dashed expectations of interest rate cuts, diminishing the attractiveness of U.S. stocks and leading to a situation where market expectations for Fed rate cuts are facing a "collapse." Investing in the Chinese stock market offers better value for money, especially with optimism towards Hong Kong stocks. Chinese internet ADR ETFs continue to rise, with valuations of Chinese internet ADR stocks at low levels, making them highly attractive. According to data, the valuation of Chinese internet ADR stocks corresponded to a PE ratio of 15.7 times in September 2023, 14.2 times in December 2023, and had already dropped to around 13 times by March 2024

Iron ore prices surged, Hong Kong stocks in a "technical bull market", is the "long China" trade back?

2023 年，标普 500 指数回报近 60% 主要归功于 “七巨头” 超大盘股的表现。这些股票占标普 500 指数总市值的近 30%。投资者是否应当进行适当的多元化配置以分散投资风险，减少对持仓最重的股票的配置并进行调整再平衡是管理集中度风险的方法之一。此外，等权重指数期货可以帮助投资者增加或对冲风险敞口，更好地把握广泛的投资机会。同时，尽管收益率曲线出现倒挂，但美国经济有预测认为有望避免严重的收缩或经济衰退而实现软着陆。

“七巨头” 领涨美股：分散投资时机已到？

Overnight hottest contracts: Tesla calls with an expiration date of April 12 and a strike price of $180 traded over 140,000 contracts, while Tesla puts with a strike price of $170 traded nearly 130,000 contracts! Cannabis stock Tilray options trading surged to 205,000 contracts, with 71.5% being call options; Alibaba options trading soared to 190,000 contracts, with 75% being call options

US Stock Options | NVIDIA, Intel, Google trading volume doubles! Alibaba's trading volume also surges!

IM Motors has launched a new car, the L6, which features a semi-solid-state battery with a range of 1,000 kilometers, a Lizard digital chassis, IMOS car system, and other advanced configurations. Liu Tao stated that the L6's competitors are the Model 3 and the 34C series. IM Motors' sales have always been low, but the launch of the LS6 has led to monthly sales exceeding 10,000 units. However, sales declined again earlier this year, so IM Motors needs more popular models like the L6 to boost sales growth

IM Motors "confronts" Xiaomi

FOURTH PARADIGM(06682) fell 5.4%, with a trading turnover 9.2 Million HKD, and a year-to-date rose 8.2%. FOSUN TOURISM(01992) fell 5.35%, with a trading turnover 5.1 Million HKD, and a year-to-date fell 38.9%. JUNSHI BIO(01877) fell 5.16%, with a trading turnover 16.6 Million HKD, and a year-to-date fell 45.2%.

Top 10 HK Stock Losers (4.10)

HANG SENG BANK(00011) rose 6.01%, with a trading turnover 483.5 Million HKD, and a year-to-date rose 13.5%. ZIJIN MINING(02899) rose 5.24%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 39%. CTG DUTY-FREE(01880) fell 3.2%, with a trading turnover 139.4 Million HKD, and a year-to-date fell 5.4%. PRADA(01913) fell 2.68%, with a trading turnover 77.4 Million HKD, and a year-to-date rose 30.1%.

Top 5 HK Stock Gainers/Losers (>100B) (4.10)

SANERGY GROUP(02459) rose 43.33%, with a trading turnover 28.9 Million HKD, and a year-to-date fell 66.6%. FIH(02038) rose 16.95%, with a trading turnover 40.1 Million HKD, and a year-to-date rose 13.1%. SHIYUE DAOTIAN(09676) rose 15.03%, with a trading turnover 10.7 Million HKD, and a year-to-date fell 17%.

Top 10 HK Stock Gainers (4.10)

Citigroup predicts that the second round of the bull market for copper has begun, driven mainly by the growth in decarbonization demand and the increasing demand from emerging AI/data centers. Citigroup expects the price of copper to reach $10,000 per ton in the fourth quarter of this year, about 6% higher than the current price of around $9,467 per ton in London Metal Exchange. Investor confidence and a rebound in manufacturing indicators have also supported the rise in copper prices. Copper is considered the preferred commodity to express economic growth trading. In the commodity sector, copper will benefit from decarbonization and AI data center demand