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Today's Key News Review | Dolphin Research

0919 Dolphin Research Focus:

🐬 Macro/Industry

1. International crude oil prices soared to the highest level since October today, continuing the strong upward trend that could reignite inflation. OPEC+ and key member countries such as Saudi Arabia and Russia continue to cut additional oil supplies to tighten the market. Rising oil prices lead to increased energy costs, which in turn drive up prices and push inflation higher. At the same time, high oil prices will have a negative impact on demand and hinder economic recovery.

🐬 Stocks


Wang Xing has been reducing his holdings of Li Auto for 4 consecutive days, cashing out a total of approximately HKD 311 million. Li Auto responded that this is an individual behavior and does not involve the portion of Meituan's holdings. Since 2023, Li Auto's stock price has been climbing overall, and this reduction in holdings is an individual behavior that does not affect the fundamentals of Li Auto. In addition, Li Auto announced on Weibo today that its weekly sales volume has reached a new high, and it currently ranks first in the sales volume list of new energy vehicle brands in China for September.

2. $ Alibaba.US

Alibaba is reportedly planning to invest $2 billion in Trendyol, its largest e-commerce platform in Turkey. Trendyol is currently the largest and fastest-growing mobile e-commerce platform in Turkey, as well as in the Middle East and North Africa. Alibaba became its largest shareholder through a cash acquisition in 2018. According to Alibaba's financial report for the first quarter of the fiscal year 2024, Trendyol achieved strong order growth during the first quarter, with growth in both e-commerce and local consumer service orders, and achieved profitability for the first time this quarter.

🐬 Leading Sectors

Shanghai and Shenzhen: Cable equipment, housing construction and industrial construction, wireless and wired telecommunications services;

Hong Kong: Infectious disease biopharmaceuticals, electronic security equipment, coal and uranium mining;

US Stocks: Software distribution, wireless infrastructure equipment, housing construction and industrial construction.

🐬 Tomorrow's Focus

1. China's one-year loan market quoted interest rate.

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