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2023.05.14 23:55
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Breakfast | Analysts say Hong Kong stocks face significant downward pressure, XIAOMI-W denies large-scale layoffs of employees over 35 at its Wuhan headquarters.

Last week, global stock markets performed poorly, with Hong Kong stocks falling and US stocks consolidating. There were constant news updates in the artificial intelligence industry: OpenAI allowed access to the internet and the OpenAI plugin was fully opened this week; 360 launched an AI store that will integrate global AI tools; Samsung Electronics joined the fray and plans to collaborate on generative AI and AI chip development. OpenAI is close to raising $100 million for a cryptocurrency project.

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Market Overview

In the Asia-Pacific market, US stock futures opened slightly lower, with Nasdaq 100 futures down 0.2%.

Top Stocks

OpenAI co-founder Altman is close to raising $100 million for the WorldCOIN project.

ChatGPT plugin will be fully open, becoming the first officially certified "investment plugin".

Amazon optimizes its distribution network in the post-epidemic period to reduce costs and increase efficiency.

XIAOMI-W denies "Wuhan headquarters retains only 10% of employees over 35 years old".

Zhou Hongyi announced the launch of "360 AI Store" and said "people who don't know how to use GPT will be eliminated in the future".

Nvidia's A100 price has risen by 20.0% in just 5 months.

Samsung Electronics Chairman Lee Jae-yong meets with Musk in the US, seeking cooperation on autonomous driving chips.

Samsung Electronics and Naver have agreed to jointly develop a generative AI for enterprises. NTT, the Japanese telecommunications giant, plans to invest 8 trillion yen (about $59 billion) in artificial intelligence, data centers, and other growth areas over the next five years.

Tiger Global is considering cashing out some of its non-publicly traded holdings, including Stripe and ByteDance.

WeChat is testing a status comment feature that is only visible to the two parties involved.

More than 700 U.S. banks are at risk due to significant losses on their balance sheets.

TAM JAI INTL: Shareholders' attributable surplus decreased by 30.6% YoY, and a final dividend of HKD 0.105 per share is proposed.

IPO Opportunities

Yidiantong Hong Kong IPO launches stock offering, with a price range of HKD 10-12 per share and expected to begin trading on May 25.

Macro and Strategy

Biden and McCarthy plan to resume debt ceiling negotiations on the 16th, with Biden believing that an agreement can be reached.

The daily trading volume of Hong Kong stocks is only HKD 100 billion, and institutions believe that the market's downturn indicates significant downward pressure.

The probability of a U.S. economic recession has reached a 40-year high, and the Fed may be close to cutting interest rates. MSCI's first quarterly adjustment after the expansion of the scope of interconnection

G7 and the EU plan to ban the restart of the Russian natural gas pipeline, to be finalized at the G7 summit