On December 11, A-shares bottomed out and rebounded, and the three major indexes all turned red, with nearly 4,000 **stocks** in the two cities. As of **, the Shanghai Composite Index rose 074%, the Shenzhen Component Index rose 082%, the GEM index rose 125%。The cultural media sector has fully exploded, and related concepts such as Chinese corpora and games have set off a tide of ups and downs. Brokerages and coal sectors rose in the afternoon, while food, liquor and other sectors weakened.
The cultural media sector has set off a tide of price limits.
Today, the cultural media sector is in full swing. Chinese corpora, games and other related concepts have risen sharply. Century Tianhong, Publishing Media, Shandong Publishing, Guomai Culture, Dragon Edition Media, Cultural Investment Holdings, etc., rose by nearly 15% and Chinese ** rose by more than 11%.
On the news side, on December 7, Google released a multimodal AI large model Gemini, which can recognize and understand text, images, audio, and five kinds of information at the same time. Previously, Pika Labs, an American AI startup, released Pika 10, users can generate and edit 3D animations, anime, ** and movies with simple text input. In addition, the National Press and Publication Administration recently issued 87 domestic game versions, laying the foundation for a stable supply of new games.
The open source research report pointed out that the competition of overseas technology giants based on AI multi-modal large models is becoming increasingly fierce, or driving the continuous breakthrough of the underlying capabilities of large model multi-modality, and AI applications are expected to usher in a period of rapid growth. The launch of new game products may bring incremental performance, and the superimposed AI multimodal model will further empower game R&D to reduce costs and improve the richness of gameplay, and the game sector may usher in a two-wheel drive of performance and valuation.
Coal stocks have risen steadily.
The coal mining and processing sector was active today and continued to rise in the afternoon. As of **, Hengyuan Coal Power rose nearly 7%, Kailuan Co., Ltd. and Shanmei International Co., Ltd. rose more than 6%, and Lu'an Environmental Energy, Jinkong Coal Industry, and Pingmei Co., Ltd. followed suit.
On the news side, the China Meteorological Administration reported on the 11th that recently, there has been a wide range of snowfall in North China, Huanghuai and other places. It is expected that in the next three days, Shaanxi, Shanxi, Hebei, Henan, Shandong, Liaoning and Xinjiang will have the risk of low-temperature rain, snow freezing or blizzard. From the 13th, North China, Huanghuai and other places will once again usher in a round of heavy snowfall and cooling process.
The first research report believes that the cold wave has increased the demand for electricity and heating for residents, and the demand for thermal coal is expected to continue to increase. As the temperature drops further, downstream demand will drive an increase in haulage, and port inventories will decrease. At present, the coal inventory of northern ports is still at a high level compared with the same period in history, and the coal price is also at a high level, and the continued digestion of the inventory is expected to form an important support for the current coal price.
The brokerage sector made a strong offensive in the afternoon.
The brokerage sector made a strong offensive in the afternoon. As of **, Zheshang ** rose by more than 6%, and Hualin**, Caitong**, Guolian**, etc. followed suit.
On the news side, on the evening of December 8, Zhejiang businessmen issued an announcement saying that the total amount of the national capital to be transferred was about 1915% stake. As a result, Zhejiang businessmen are expected to become the largest shareholder of the national capital.
Huawei's automotive concept stocks** are higher.
Huawei's automotive concept stocks rose today. Shenglong shares rose by the limit, and Rayhoo Mold, Desay SV, and JAC Motors rose by more than 7%.
On the news side, Huawei Technologies has applied for the registration of the trademarks "Zunjie" and "Qingjie", which are internationally classified as means of transportation and scientific instruments, and the current trademark status is pending substantive examination. On December 9, the 2023 Huawei Pollen Annual Meeting was held at the Songshan Lake base. Yu Chengdong, Executive Director of Huawei, CEO of Device BG, and Chairman of Intelligent Vehicle Solution BU, said at the annual meeting that Huawei will launch very leading, innovative, and disruptive products next year.
Everbright** said that the automotive industry is accelerating its deployment based on high-end intelligent driving solutions, and Huawei has deep technical reserves and is an industry-leading performer in the functional experience of intelligent driving products. It is expected that with the application of large models and the iterative upgrading of data accumulation + intelligent hardware + software algorithms, Huawei is expected to form a solid leading edge in the intelligent field.
GF**: Spring restlessness can be expected It is expected that growth recovery assets will still prevail.
Judging from the historical experience of the second bottom, the bottom of the "Sino-US policy bottom resonance" in the early stage of this round has certain support, and the bottom thinking can be expected to see the spring restlessness. Historical experience: In the double bottom, the bottom of the early odds will generally form an effective support, and most of the second bottoms will not create new lows;Judging from this round: the current should be more bottom-thinking: the market bottom in late October has been clear. The positive factors of the Sino-US policy bottom resonance are still accumulating, and the domestic policy support intention is obvious. In terms of rhythm, pay attention to the ** economic work conference and give clearer policy guidance.
In terms of style, it is expected that growth recovery assets will still prevail (electronics + medicine). Factors such as relative performance advantages, relatively wide credit direction and liquidity sensitivity, valuation, regulation, and capital point to the superiority of growth and recovery assets.
Bay Area Finance Special Commentator:
Liu Wen, Chief Investment Advisor, Xingye**, s0190619040004
Trend: A double bottom is about to form.
Hong Kong stock through train.
Today, the three major indexes of Hong Kong stocks opened low, and after noon, they narrowed their declines driven by A-shares, and as of **, the Hang Seng Index fell 081% at 1620149 points, the transaction amount is 9872.8 billion, the Hang Seng Technology Index fell 106% to 36665 points, the red chip index fell 050%, the state-owned enterprises index fell 117%。
Special commentator of Bay Area Finance: Guo Sizhi, vice chairman of the Hong Kong ** Analyst Association.
The market hit a new low in the month and the year in the repetition of the Hong Kong stock market has begun to enter the middle of December, to undertake last week's decline, the market today and then down to hit a new low in the month and the year, the Hang Seng Index opened 185 points to 16149 points in the morning, and then drew to 16202 points, due to the weak buying, coupled with fragmented selling pressure and continue to emerge, so the whole market gradually turned repeatedly, and the Hang Seng Index also gradually fell back to 15972 points to gradually breathe, after this morning's repetition, this month's market in the first high and then low form of dominance, the Hang Seng Index temporarily fell from the 1st high of 17038 points to the 11th low of 15872 pointsSince the 1-month high and low will not appear within 7 trading days at the same time, and the volatility of 1066 points may not be able to meet the needs of the month, in the remaining trading days of this month, theoretically there should be a larger volatility point, so as to meet the needs of the month, and at the same time, it can also widen the distance between the high and low levels in the month, in order to meet the inertia requirements, the Hang Seng Index closed at 16201 points throughout the day, down 132 points, with a turnover of 98.7 billion.
The market is weak, waiting for a good opportunity to buy low.
The performance of the moving line continues to be weak, as of press time, the current arrangement of the commonly used average moving line of each group is still in reverse order, and the Hang Seng Index is still repeatedly below the average moving line of each group, from a technical point of view, the market is still in a weak state of repeated bottom-seeking, if the market wants to get rid of this weak state, the primary condition is that the Hang Seng Index must first successfully re-cross the 10 antenna (about 16634 points near the left) and hold on to it, otherwise, the entire bottom-finding weakness remains unchanged. In addition, the market situation is uncertain for the time being, and investors are better off trying to retain their strength and wait for another speculative bargaining opportunity.
Bay Area Finance Special Commentator:
Huang Deji, Executive Director of the Research Department of Kingston **, Hong Kong, China.
Hong Kong stocks maintained a weak pattern, and technology stocks generally fell.
Hong Kong stocks opened lower in early trading today, after which the decline extended and fell below the 16,000 mark. In the afternoon, following the A-share market stabilized above 16,000 points, it still maintained a weak pattern for the time being, and in terms of sectors, technology stocks generally fell, and Jingdong Group (09618) fell 625%, Meituan (03690) fell 3635%, Alibaba (09988) fell 2411%。
On the news side, JD.com (JD.comUS) will be delisted from the Nasdaq-100 index and is scheduled to take effect before the U.S. stock market on December 18.
The market pays attention to the US CPI and PPI data, and the market focuses on the US to announce the November CPI and PPI this week, and the Federal Reserve will announce the results of the interest rate meeting this week. The market expects the Fed to keep interest rates unchanged, and the dot plot may imply two interest rate cuts in 2024, Powell may refute the market's aggressive interest rate cut expectations, and said that it is not yet ripe to discuss interest rate cuts.
Special commentator of Bay Area Finance: Guo Zhiwei, Investment Director of Hong Kong Yigao**.
Household consumption** fell 0. year-on-year in November5%
On the news side, in November 2023, the national household consumption** decreased by 05%。Among them, the city fell by 04%, down 08%；Food** down 42%, non-food ***04%；Consumer goods** decreased by 14%, service ***10%。From January to November, the national household consumption was 0 compared with the same period last year3%。In November, the national household consumption** fell by 05%。
Sporting goods stocks fell the top Li Ning fell more than 14%.
In addition, today's Hong Kong sporting goods stocks fell ahead, from the news side, Li Ning threw out a large amount of money to buy a house to attract attention. On the evening of December 10, according to Hong Kong Stock Exchange documents, Li Ning will buy property from Henderson Land for HK$2.2 billion, and part of the property will be used as the group's headquarters in Hong Kong. Today Li Ning (02331)**14286%。
The Hong Kong Hang Seng Index lost 16,000 points
In terms of A-shares, the three major indexes in the mainland opened low and went low, but after noon, there was support and a large **, recovering 5 antennas, and the transaction volume increased, and some funds began to fight. In terms of Hong Kong stocks, Hong Kong stocks today, intraday fell below 16,000 points to hit a new low this year, followed by a degree of decline in the afternoon, 16,000 points were lost and regained. Among them, Meituan and Ali must stop falling and close at least above 5 antennas before they can turn around.
Disclaimer: **It does not constitute specific operation advice, and you do so at your own risk and profit. **There are risks and investment should be cautious.
Bay Area Finance and Economics ** Reporter: Li Yijie, Liu Liangliang, Fan Binbin, Yang Ying.
New**Editor: Kobayashi.