Today's Important News Review | Dolphin Investment Research

0910 Dolphin‘s Focus:

🐬 Macro/Industry

1. According to the data released by the General Administration of Customs, China's exports in August increased by 8.7% year-on-year to $308.65 billion in US dollars, up from 7% in the previous period; imports increased by 0.5% year-on-year to $217.63 billion, up from 7.2% in the previous period; the trade surplus was $91.02 billion, up from $84.65 billion in the previous period. In August, exports grew steadily, but imports slowed significantly, and domestic demand remains relatively weak.

2. The U.S. House of Representatives passed the "Biosecurity Act" legislative proposal, which restricts the federal government of the United States from conducting business with certain biotechnology providers on the grounds of "national security." Today, the pharmaceutical business and CRO sectors are trending lower. However, this bill has not yet become law, and one point to note is that this bill does not include medical insurance and commercial insurance, only restricting federally funded projects, and it also provides an 8-year buffer period, so the impact is not as significant as before.

🐬 Individual Stocks

1. $Apple(AAPL.US)

At the Apple autumn product launch, the new iPhone 16 series with AI capabilities was introduced, priced the same as the previous generation, with many new AI features and significant upgrades in imaging capabilities. However, overall, there is not much to amaze the market, and these AI features cannot be experienced immediately on the iPhone 16. North American users can experience them in the October iOS 18.1 Beta version, while it is expected to be available in China next year. Although there are high expectations for the first-generation AI iPhone, it seems difficult to achieve a new "upgrade wave" in this period.

2. $Taiwan Semiconductor(TSM.US)

TSMC's sales in August were NT$250.866 billion, a year-on-year increase of 33% and a month-on-month decrease of 2.4%. Sales this year have reached NT$1.773974 trillion, a year-on-year increase of 30.8%. August sales data slightly declined from July, but overall, it is still showing steady growth.

3. $Alibaba(BABA.US)

Alibaba officially included in the Stock Connect today, since announcing its dual listing, its inclusion in the Stock Connect has been basically confirmed. Successfully joining the Stock Connect will undoubtedly bring more liquidity to Alibaba's Hong Kong shares, with Alibaba rising more than 4% today.

4. Google

Google lost its appeal in overturning the €2.4 billion fine imposed by the EU. Previously, Google was fined a record €2.4 billion by the EU for abusing its shopping service. Google's parent company, Alphabet, appealed the decision but was rejected by the EU court.

🐬 Top-performing sectors

Shanghai and Shenzhen: Human resources and employment services, cloud and data centers, data processing and outsourcing services;

Hong Kong: Furniture/home furnishings/decor materials retailers, retailers, household cleaning products;

US Stock Market: Shipping ports-operators, semiconductor manufacturers, aviation-passenger transport.

🐬 Focus for Tomorrow

1. US Seasonally Adjusted CPI MoM, US Seasonally Adjusted Core CPI MoM, US Unadjusted CPI YoY, US Unadjusted Core CPI YoY;

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