Pre-market trading in US stocks | Li Xiang, JD leads the decline in Chinese concept stocks! Apple Vision Pro is expected to be listed in the US at the end of the month.

LB Select
2024.01.02 09:58
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Chinese concept stocks have mixed fortunes: Meituan fell 4%, JD.com fell more than 2%, Alibaba and NIO fell more than 1%, Huanju pre-market fell more than 11%, and Baidu's affiliated company terminated the acquisition of YY Live; Canaan rose more than 23% at one point, leading the blockchain sector, and Bitcoin broke through $45,000 for the first time in nearly two years.

Top News in US Stocks

  1. The US is pressuring ASML, a Dutch company, to stop exporting lithography machines to China. In response, the spokesperson for the Chinese Ministry of Foreign Affairs, Wang Wenbin, stated that China has always opposed the US's broadening of the concept of national security and its use of various excuses to coerce other countries into imposing technological blockades against China.

The semiconductor industry is highly globalized, and in the context of deep economic integration among countries, the US's hegemonic and bullying behavior seriously violates international trade rules, severely disrupts the global semiconductor industry landscape, and has a significant impact on the security and stability of international industrial and supply chains. It will surely backfire.

  1. According to CCTV News, on January 2nd, Thai Prime Minister Prayuth Chan-o-cha announced that China and Thailand will permanently exempt each other's citizens from visas starting from March.

After the announcement, on the Ctrip platform, the search volume for keywords related to Thailand increased by over 90% compared to an hour ago, and the search volume for flights from Shanghai to Bangkok, Beijing to Bangkok, and other routes surged by over 40%. On Trip.com's Thailand site, the search popularity for Chinese keywords increased by over 80% compared to an hour ago, with high search popularity in cities such as Guangzhou, Shanghai, Beijing, and Kunming.

  1. Apple's Vision Pro is expected to be listed in the US on January 27th. Supply chain information shows that currently, Sony is the first supplier of Vision Pro's silicon-based OLED, and the second supplier is a Chinese company. This will be a key factor in determining whether Vision Pro can expand its production capacity.

  2. Recently, Baidu's announcement of terminating the acquisition of YY Live has attracted widespread attention. On January 2nd, an insider stated that the termination of the acquisition was due to the failure to obtain approval from the relevant regulatory authorities, and the specific reasons for the disapproval are related to anti-monopoly concerns.

  3. On January 1st, Xiaopeng Motors launched its flagship MPV model, the X9, with two versions and a price range of 359,800 to 419,800 yuan. On the same night, it was reported that the pre-orders for the Xiaopeng X9 MPV exceeded 5,000 units, and deliveries will begin gradually this month.

  4. According to the Hong Kong Stock Exchange, Alibaba Group sold 838,400 shares of Kuaidi Dache at an average price of HKD 0.5045 per share on December 22, 2023, reducing its stake to 8.89%. The transaction value is approximately HKD 423,000.

Pre-market Movement

In pre-market trading, the futures of the three major stock indexes in the US showed mixed movements, with the fear index declining.

Popular Chinese concept stocks generally experienced significant declines in pre-market trading, with Li Auto down 4%, JD.com down over 2%, Alibaba and NIO down over 1%, Bilibili, Pinduoduo, Xiaopeng Motors, and Baidu down less than 1%, and only NetEase slightly up.

Joyy Inc. dropped over 11% in pre-market trading, and a Baidu-affiliated company terminated the acquisition of YY Live.

Gan Technology briefly rose over 23%, leading the blockchain sector, and Bitcoin surpassed $45,000 for the first time in nearly two years.

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  5. "Understanding the Market | Why is the US Stock Market Expected to Rise by 30% in 2024?"

  6. "Understanding the Market | The Strong Performance of the US Stock Market in 2023 May Drive the Bullish Trend in 2024!"

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