1030 Dolphin's Key Focus:
🐬 Macro/Industry
1. The news of the EU's anti-subsidy investigation has finally landed: a decision has been made to impose a final anti-subsidy tax on electric cars imported from China for a period of five years, which will officially take effect on the 31st. Although somewhat expected, this still comes as a blow to the automotive sector, with today's overall performance under pressure. The pace of implementation of Chinese automakers' overseas expansion strategies is expected to slow down.
2. The semiconductor sector in the Hong Kong stock market experienced a significant decline today, mainly due to the impact of the new investment restrictions announced by the U.S. Treasury Department on China in the fields of semiconductors, microelectronics, quantum information technology, and artificial intelligence. These restrictions will officially come into effect on January 2, 2025.
🐬 Individual Stocks
1. Tracking Financial Report Analysis and Conference Calls
Google: "Google: Troubles with AI? AI Solves Thousands of Worries"
AMD: "AMD: 'Cautious' Guidance, Does AI Implementation Equal AI Decline?", "AMD: Next Year's MI350 to Face Nvidia's Blackwell (24Q3 Conference Call Summary)"
BYD, BOE, China Duty Free, Luckin Coffee will release their financial reports tonight.
🐬 Top Performing Sectors
Shanghai and Shenzhen: Tobacco, Diversified Capital Markets, Consumer Electronics;
Hong Kong: Consumer Retailers, Kitchenware, Application Software;
U.S.: Healthcare Institutions, Silver, Heavy Electrical Equipment.
🐬 Tomorrow's Focus
1. China's official Manufacturing PMI;
2. U.S. Core PCE Price Index MoM, U.S. Core PCE Price Index YoY;
3. Microsoft, Meta, Robinhood, Roblox, Uber, Li Auto will announce their financial reports.
Risk Disclosure and Disclaimer for this article: Dolphin Research Disclaimer and General Disclosure