Today's Important News Review | Dolphin Investment Research

0920 Dolphin's Focus:

🐬 Macro/Industry

1. In September, the LPR rates were announced, with the 1-year and 5-year LPR rates remaining unchanged. Prior to this, the 50bp rate cut by the Federal Reserve in September had just been implemented. The market expected the LPR to follow suit, but the unexpected decision to keep the domestic LPR unchanged may have been more influenced by considerations for exchange rate stability. The stock market's rise yesterday already factored in some expectations of an LPR cut, but market sentiment weakened this morning after the opening.

🐬 Individual Stocks

1. $Apple(AAPL.US)

On September 20th, Beijing time, the iPhone 16 series was officially released. The highly recommended AI features did not fully materialize, and there were few significant innovations in other aspects of the new phone. Compared to previous years, the popularity of the iPhone 16 seems to have decreased. In contrast, on the same day, Huawei's first tri-fold phone, Mate Xt, was officially launched and all models were quickly sold out after the start of sales. Currently, the official website shows "out of stock" and the purchase page displays "in line."

🐬 Top Performing Sectors

Shanghai and Shenzhen: Consumer finance, gold, IT consulting;

Hong Kong: System software, life science tools and services, insurance brokerage companies;

US Stock Market: Automobile manufacturers, semiconductor materials and equipment, textiles.

🐬 Focus for Next Monday

1. Preliminary values of the US S&P Global Manufacturing PMI, US S&P Global Services PMI.

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