Tesla's refreshed Model Y is here! Xiaomi's YU 7 faces off directly; TSMC's December revenue report released | Today's important news recap

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0110 Dolphin's Key Focus:

🐬 Macro/Industry

1. Today, the central bank announced that it will suspend open market purchases of government bonds starting from January 2025. This decision was made due to the recent persistent supply-demand imbalance in the government bond market, necessitating the suspension of bond purchases to balance market supply and demand. The central bank will consider resuming purchases based on the supply-demand situation in the bond market. As bond purchases are one of the important ways for the central bank to inject liquidity, there has been some concern about liquidity in the market, leading to a weak performance in the Shanghai and Shenzhen markets today, with declines in both Hong Kong and A-shares. Macroeconomically, close attention should be paid to the U.S. non-farm payroll data to be released tonight at 21:30, which may impact market trends again.

🐬 Individual Stocks

1. $Taiwan Semiconductor(TSM.US)

Taiwan Semiconductor announced its sales figures for December, reporting sales of NT$ 278.16 billion, a month-on-month increase of 0.8% and a year-on-year increase of 57.8%. From January to December, Taiwan Semiconductor's revenue reached NT$ 2.89 trillion, a 33.9% increase compared to the same period in 2023. The December sales exceeded expectations, reflecting Taiwan Semiconductor's strong market position and the continued demand for its semiconductor products. Taiwan Semiconductor's after-hours trading rose over 2%.

2. $Micron Tech(MU.US)

Micron has officially broken ground on a $7 billion high-bandwidth memory (HBM) packaging factory in Singapore, further expanding its manufacturing operations in the region. This HBM packaging factory is scheduled to begin operations in 2026 and will expand Micron's advanced packaging capacity starting in 2027. These types of chips are widely used in artificial intelligence data centers, benefiting from the increased demand for advanced storage chips driven by AI.

3. $Tesla(TSLA.US)

Today, without any official pre-launch, the refreshed Model Y officially landed on Tesla's China website, along with the launch of the first edition model, with a starting pre-sale price of 263,500 yuan. The new car has undergone various upgrades in appearance, cabin, and range. Notably, Lei Jun retweeted Tesla's promotional slogan "Refreshed Model Y, feel free to compare" with the comment "Good," tagging Xiaomi's YU7, which has garnered more trending topics than Tesla and quickly rose to the hot search list

🐬 Leading Sectors

Shanghai and Shenzhen: Water and soft drinks, gold, road passenger transport.

Hong Kong Stocks: Sports equipment and other leisure products, human resources and employment services, diversified metals and mining.

U.S. Stocks: Security and alarm services, gold, copper.

🐬 Focus for Next Monday

1. China's trade balance, China's trade balance in U.S. dollars.

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