Today's Important News Review | Dolphin Investment Research

1104 Dolphin's Key Focus:

🐬 Macro/Industry

1. Tomorrow marks the highly anticipated U.S. presidential election voting day. Prior to last week, Trump was clearly in the lead, but a key poll from a "red state" over the weekend hinted at a potential shift in the situation. According to the latest data from the election prediction platform Polymarket, Trump's probability of winning this year's election has dropped to 54.5%, down from over 60% before last week. The outcome of the U.S. election will also impact the intensity of stimulus policies in our country. If Harris takes office, the stimulus policies may not be as aggressive. Additionally, the Federal Reserve's interest rate decision is expected on Friday, and currently, funds are leaning towards a wait-and-see approach, choosing a direction after major events are settled.

2. The 12th meeting of the Standing Committee of the 14th National People's Congress will be held in Beijing from November 4 to 8. The one-time new debt quota and "not limited to this" incremental policy tools mentioned by the Ministry of Finance earlier are expected to be revealed at this meeting. Currently, market sentiment is optimistic, and today the A-shares collectively closed higher.

🐬 Individual Stocks

1. $ Taiwan Semiconductor(TSM.US)

Taiwan Semiconductor Manufacturing Company (TSMC) is expected to initiate another round of price increases: According to the latest report from Morgan Stanley, this time it is expected to raise prices for its 3nm process and CoWoS advanced packaging technology to respond to the surge in market demand. TSMC plans to implement the price increase in 2025, with the price of the 3nm process expected to rise by up to 5%, while CoWoS packaging prices may increase by 10% to 20%.

🐬 Leading Sectors

Shanghai and Shenzhen: Financial exchanges and data, consumer finance, asset management, and custodial banks;

Hong Kong Stocks: Heavy electrical equipment, investment banking and brokerage, asset management, and custodial banks;

U.S. Stocks: Retailers, medical product distributors, tires, and rubber.

🐬 Attention for Tomorrow

1. U.S. presidential election voting day;

2. China Caixin Services PMI;

3. U.S. trade balance, U.S. S&P Global Services PMI final value, U.S. ISM Non-Manufacturing PMI;

4. PLTR will release its earnings report, and Dolphin will track and provide interpretive analysis.

Risk disclosure and statement of this article: Dolphin Investment Research Disclaimer and General Disclosure