Breakfast | Tesla soared nearly 5% to a two-month high! Miniso plummeted 16% after investing in Yonghui Superstores

Market Overview

The U.S. manufacturing PMI hit a 15-month low, but the expansion of service prices, with multiple Federal Reserve officials sending mixed signals but confirming continued rate cuts. U.S. stocks rose, with the Dow and S&P hitting new highs, while only small-cap stocks fell. Chinese concept stocks rose by 2.5% at one point. Intel and Li Auto rose by about 3%, while Miniso fell by over 16%.

The "Tech Seven Sisters" saw mixed performance. Tesla closed up 4.93%, hitting a two-month high, approaching the closing price of $251.51 on July 22. Amazon closed up 1.19%, Meta up 0.55%, Nvidia up 0.22%, while Google A fell by 1.06%. Apple fell by 0.76%, with reports indicating that the A16 chip from Apple has begun production in the U.S. for the first time, with production targets expected to be met in the first half of next year. Microsoft fell by 0.4%.

Tesla Soars Nearly 5%, Hits Two-Month High

Barclays analysts predict that due to a rebound in sales in the Chinese market, Tesla's delivery volume in the third quarter will exceed market expectations, coupled with the upcoming launch of Robotaxi next month, which may continue to drive the stock price higher. Goldman Sachs' forecast is in line with broader market expectations.

Report: Apple's A16 Chip Begins Production in the U.S., Expected to Meet Production Targets in the First Half of Next Year

Currently, Apple has produced the first batch of A16 chips at the TSMC factory in Arizona. Some speculate that these chips will eventually be used in the latest iPad or the next generation iPhone SE.

Miniso "Acquires" Yonghui Superstores for 6.3 Billion, CEO Says "Pindao Lai Model is a Once-in-20-Year Opportunity"

As of the end of June, Miniso had a cash balance of 6.23 billion yuan. Miniso's CFO stated that the company has a relatively high proportion of cash in its assets of over 15 billion yuan, which has been dragging down the return on capital. Investing in Yonghui will help improve the return on capital, and Yonghui's business has reached a turning point, with significant improvements expected in the next one to two years. After Miniso "acquired" Yonghui Superstores, U.S. stocks fell by over 16% on Monday.

TSMC, Samsung Consider Building Chip Plants in the UAE

Executives from TSMC and Samsung have recently visited the UAE and discussed the possibility of building large chip plants. The potential value of the project being discussed in the UAE could exceed $100 billion, but some analysts believe that the project discussions are still in the early stages and may face significant obstacles or may not materialize.

Foreign Media Leak: U.S. to "Upgrade" Pressure on Chinese Automobiles

According to Global Times, Reuters reported on the 22nd that, out of consideration for "national security," the U.S. Department of Commerce is expected to propose on Monday to ban Chinese software and hardware for networked and autonomous vehicles driving on U.S. roads.

Harris Makes First Statement: Will Support Cryptocurrency Investments

Harris stated that if elected, she will support increased investment in the artificial intelligence and cryptocurrency industries. As early as August, her campaign policy advisor revealed that "Harris hopes to help the growth of digital assets." Trump has also publicly sent friendly signals to the cryptocurrency industry

OpenAI's formidable rival Anthropic seeks a valuation of $40 billion

Media reports indicate that Anthropic is in talks with investors to raise new financing at a valuation of up to $40 billion, doubling its valuation from earlier this year. Previously, there were rumors that Microsoft, Apple, and NVIDIA would participate in OpenAI's $6.5 billion new financing, with a pre-financing valuation reaching $150 billion.

Bullish on future transformation, Apollo Asset Management plans to invest billions of dollars in Intel

Reports suggest that Apollo Asset Management is planning to acquire $5 billion worth of equity in Intel. Analysts believe that this move by Apollo is a vote of confidence in Intel's self-rescue strategy and may increase the possibility of being acquired by Qualcomm.

US Markit Manufacturing PMI hits 15-month low in September

The latest PMI data released by S&P Global shows that the pace of business expansion in the US has slightly slowed down, with expectations deteriorating and price indices rising significantly. Both goods and services prices have risen at the fastest pace in six months, while service input costs have risen at the fastest pace in a year. Analysts suggest that inflation is accelerating again, indicating that the Federal Reserve cannot completely shift its focus away from inflation targets.

At 9 a.m., focus on the press conference of the State Council Information Office of China, with Pan Gongsheng, Li Yunze, and Wu Qing in attendance!

In January of this year, the People's Bank of China, the China Banking and Insurance Regulatory Commission, and the China Securities Regulatory Commission gathered at the State Council Information Office. The People's Bank of China announced a 0.5 percentage point reserve requirement cut two weeks in advance, along with a 0.25 percentage point reduction in the re-lending and rediscount rates for agriculture-related loans. Minsheng Securities believes that the period before the National Day holiday is often an "important window" for the release of Chinese policies