Pre-market trading in US stocks | Li Auto leads the way in Chinese concept stocks! Market focuses on Xiaomi's car launch event

U.S. Stock News

1. Tonight at 7 p.m. Hong Kong time, Xiaomi's car SU7 will officially debut on the market and announce its selling price. There are two speculations within the industry regarding pricing strategy: one is that the starting price may drop to below 200,000 RMB, and the other is that the starting price will be around 220,000 to 230,000 RMB.

2. The biggest boost to the rise in the Chinese stock market today is a rumor: there are reports that the People's Bank of China may start buying bonds, signaling the start of "China's QE." Towards the end of the A-share market, Morgan Stanley released a research report stating that China's version of QE is unlikely to happen.

Morgan Stanley's analysis indicates that this shift from using central bank bills, reverse repurchase agreements, and the loan facility system (LFS) to increasingly using government bond transactions to control financial conditions and improve open market operations is a standard practice among central banks globally. This does not involve purchasing government bonds in the primary market, therefore it does not represent quantitative easing.

1. Shen Dou, Executive Vice President of Baidu Group and President of Baidu Intelligent Cloud Business Group, responded to cooperation with Apple: "We already have an example of cooperation with terminal manufacturers, which is Honor. I think there is still great potential in cooperating with terminal manufacturers."

2. XPeng has launched two models, XPeng G9 and P7 Standard Edition, in the German market. The price range for XPeng G9 is between 57,600 euros and 69,600 euros. The price range for XPeng P7 is between 49,600 euros and 69,600 euros.

3. Li Auto's self-developed multimodal cognitive large model Mind GPT has officially passed the interim measures for the management of generative artificial intelligence services in China, becoming the first self-developed large model by an automaker to pass this filing. Mind GPT is a self-developed multimodal cognitive large model that has landed in intelligent car cabins, with a training data scale of 30 trillion tokens.

4. According to South Korean media KED Global, Samsung's Executive Vice President and Head of DRAM Products and Technology, Hwang Sang-joong, stated that the company's HBM capacity this year is expected to be 2.9 times that of last year, exceeding the previous forecast in January.

Pre-market Movement

In the U.S. stock market pre-market, the three major stock index futures are mixed, with the fear index rising.

Bitcoin is currently trading at $70,427, slightly up in the past 24 hours; Ethereum is currently trading at $3,576, slightly down in the past 24 hours.

Tech stocks are generally down in pre-market trading, while Chinese concept stocks and cryptocurrency-related stocks are up.

The seven tech giants are collectively slightly down.

XPeng leads the gains among Chinese concept stocks with a 4% increase, while Li Auto, Nio, and Bilibili are up over 2%. Pinduoduo and JD.com are up over 1%, and Alibaba is up 0.5%.

Microstrategy, Coinbase, and Marathon Digital are up over 2% In terms of individual stocks, Reddit once fell more than 7%, with a significant increase in bearish bets in the market.

Trump concept stock DJT fluctuated before the market opened, rising more than 2% at one point, then falling more than 3%, and currently down around 2%.

Akebia Therapeutics surged 32% at one point as the FDA approved its anemia drug.

Strategy Review

1. Options data shows limited downside risk for US stocks!

The implied volatility of at-the-money (ATM) options for the S&P 500 Index and the Nasdaq 100 Index has dropped to levels close to historical lows. Traders not only believe that overall future risks are much lower than usual, but also have less concern about the possibility of a sharp market decline. Why are options traders so optimistic?

2. MicroStrategy, Coinbase may face a short squeeze situation?!

When stock prices unexpectedly rebound, forcing short sellers to exit their bearish bets, further driving up stock prices, it triggers a short squeeze. Why are MicroStrategy, Coinbase, and CleanSpark, which are related to cryptocurrencies, the stocks with the highest short squeeze risk in the US market?

3. Mining stocks present a good buying opportunity? Morgan Stanley believes Riot Platforms could rise by 20% in the next 12 months

Analyst Reginald Smith believes that the weakness in Riot Platforms' stock price provides an opportunity to acquire quality assets at a low price. In mid-March, he upgraded his stock rating on Riot Platforms from "Neutral" to "Buy", with a target price of $15, implying a 20% increase in the next 12 months