Countdown to Trump's inauguration; coinciding with today's one-day closure of the U.S. stock market | Review of today's important news

0120 Dolphin's Key Focus:

🐬 Macro/Industry

1. U.S. President Donald Trump will officially take the oath of office as the 47th President of the United States at 12 PM Eastern Time on January 20 (1 AM Beijing Time on January 21). Trump has previously indicated that he will issue nearly a hundred executive orders on his first day in office, overturning or canceling orders implemented by the Biden administration. Today, the Hong Kong and A-share markets are experiencing a pre-holiday "red envelope" rally, with stock markets in the Asia-Pacific region rising.

1. With less than 12 hours until TikTok shuts down its services in the U.S., some TikTok services in the U.S. have resumed. Trump proposed a solution to the TikTok ban, calling for the establishment of a joint venture with the U.S. holding a 50% stake. The relaunch of TikTok may lead to a portion of traffic returning to Xiaohongshu, and today the Xiaohongshu concept has started to decline.

3. January 20 (Monday) is Martin Luther King Jr. Day, and the U.S. stock market will be closed for the day, with no night trading from 9:00 AM to 5:00 PM (Beijing Time).

🐬 Leading Sectors

Shanghai and Shenzhen: Diversified financial services, apparel retailers, data processing and outsourcing services;

Hong Kong Stocks: Insurance brokerage firms, human resources and employment services, kitchenware;

U.S. Stocks: Shipping ports operators, diversified chemicals, agricultural machinery.

🐬 Tomorrow's Focus

1. New Oriental will release its financial report, and Dolphin will track and provide interpretative analysis.

Risk disclosure and statement for this article: Dolphin Investment Research Disclaimer and General Disclosure