【Market Opening Go】US-Iran talks arrangements fluctuate, Alibaba and Tencent plan to invest in DeepSeek, Tesla's performance exceeds expectations

April 23, 2026 [News Summary]

1. Due to a temporary easing of the Middle East conflict and strong corporate earnings, all three major U.S. stock indices closed higher. The Nasdaq reached a new intraday high and also set a new closing high alongside the S&P 500, indicating a clear rebound in market risk appetite. The Dow Jones Industrial Average closed up 340.65 points, or 0.69%, at 49,490.03 points; the S&P 500 rose 73.89 points, or 1.05%, to 7,137.9 points; the Nasdaq increased by 397.6 points, or 1.64%, to 24,657.57 points. The China Golden Dragon Index fell by 3 points. The Nikkei Index opened at 59,947 points, unchanged.

2. U.S. President Trump hinted that the U.S. and Iran could begin the second round of peace talks as early as this Friday (24th), with discussions expected to start within the next 36 to 72 hours. However, Iranian officials strongly denied this, accusing Trump of "lying again" and emphasizing that Tehran has not yet decided whether to send representatives to Friday's talks.

3. Iranian Islamic Consultative Assembly Speaker and chief negotiator Mohammad Bagheri stated firmly that the U.S. continues to impose a maritime blockade, which is a blatant violation of the ceasefire agreement. Under these circumstances, it is impossible for Iran to reopen the Strait of Hormuz. White House Press Secretary Levitt stated that President Trump does not believe Iran's recent seizure of two vessels violates the existing ceasefire agreement.

4. Reports indicate that a third U.S. aircraft carrier is expected to arrive in the Middle East within 3 to 5 days. An Iranian Foreign Ministry spokesperson stated that the country's armed forces are on full alert, prepared to respond comprehensively and decisively to any threats or provocations.

5. Shanghai's GDP in the first quarter of 2026 grew by 5.9% year-on-year, with total retail sales of consumer goods increasing by 5.5%.

6. The Hong Kong Monetary Authority and the Hong Kong Association of Banks have established a financial advisory working group to explore active financing support for the development of the Northern Metropolis.

7. Ding Meng, Chief Economist of China CITIC Bank (International), stated that Hong Kong's GDP growth is expected to be around 2.7% in 2026. The labor market remains relatively robust, with rising household incomes, and private consumption is expected to maintain levels similar to those in 2025. There is currently no basis for a significant rebound in property prices, with private residential prices expected to rise by about 5% for the year.

8. South Korea's GDP grew by 1.7% quarter-on-quarter in the first quarter, reversing the contraction from the previous quarter and achieving the fastest growth rate in nearly six years.

9. Tesla reported total revenue of $22.39 billion in the first quarter, slightly better than analysts' expectations of $22.19 billion, marking the highest growth rate in nearly three years. The gross margin was also recorded at 21.1%, significantly exceeding analysts' expectations of 17.7%. The company stated that global demand for its electric vehicles is recovering, and capital expenditures for 2026 are expected to be significantly raised to over $25 billion.

10. SK Hynix reported first-quarter revenue of 52.58 trillion won and a net profit of 40.33 trillion won, far exceeding the expected 29.39 trillion won. It is anticipated that DRAM shipments will see a high single-digit percentage increase quarter-on-quarter in the second quarter, while NAND shipments are expected to increase in the mid-range of 10% to 20%【Focus Stocks】

Large Model Concept Stocks: Zhipu (02513), MINIMAX (00100)

• It is reported that Alibaba (09988) and Tencent (00700) are in talks to invest in DeepSeek, which is valued at over $20 billion.

Storage Chip Concept: Zhaoyi Innovation (03986), Lanqi Technology (06809)

• SK Hynix's quarterly profit increased fourfold and exceeded analysts' expectations.

Contemporary Amperex Technology Co., Limited (03750), BYD (01211)

• Tesla's total revenue in the first quarter slightly exceeded market expectations, achieving the highest growth rate in nearly three years.

Chip Stocks: Semiconductor Manufacturing International Corporation (00981), Hua Hong Semiconductor (01347), ASMPT (00522)

• TSMC plans to delay the purchase of ASML equipment until 2029 to control costs, with the most advanced A13 chip also set to be produced in 2029.

Sands China Ltd. (01928)

• Adjusted property EBITDA in the first quarter increased by over 18% to $630 million, with net income rising by 46%.

Chow Tai Fook (01929)

• Retail sales fell by 1.5% last quarter, but same-store sales in Hong Kong and Macau rose by 40%.

Sailun Group (09927)

• Plans to spend up to 2 billion yuan to repurchase A shares.

Energy Stocks: China Coal Energy Company Limited (01898), CNOOC (00883), Yancoal Australia (03668)

• China will curb unreasonable growth in total energy consumption and gradually peak coal and oil consumption.

Huaqin Technology (03296)

• Oversubscribed by 530 times, with a maximum increase of 21% in the dark market, listed today.

Jinli Permanent Magnet (06680)

• First-quarter profit increased by 20% to 190 million yuan, with revenue rising by 16% year-on-year.

Zhongbo Data (00471)

• Shareholders CCH and executive director Zou Yifeng faced forced sales of 53.29 million and 24.35 million shares, resuming trading this morning.

Kangnai Optical (02276)

• Plans to supply lenses for a leading smart glasses technology company, expecting significant growth in XR business revenue.

【Oil and Gold Prices】

New York crude oil rose by 3.44%, reported at $96.16 per barrel.

Brent crude oil rose by 3.13%, reported at $104.97 per barrel.

Spot gold fell by 0.90%, reported at $4,696.28 per ounce.

Gold futures fell by 0.89%, reported at $4,712.20 per ounce