HK, US stocks top stories
Breakfast | US February PPI far exceeds expectations, Powell sends hawkish signals, stocks, bonds, and gold all declineUnderstanding the Market | Coal Stocks Rise Against the Trend as Middle Eastern Gas Facilities Face Frequent Attacks; Institutions Indicate Demand for Coal as a Substitute for Gas is Expected to SurgeLei Jun officially announces the "mysterious model" that has sparked global developer discussions, Xiaomi's "AI roadmap" is gradually becoming clearMorgan Stanley lowers Tencent's target price to HKD 650, stating that AI investments are expected to weigh on profit margins in the short termUnderstanding the Market | Xiaomi Corporation-W rose over 4% in early trading as the large model MiMo-V2-Pro was officially released, with future models expected to rapidly iterate and enhanceMorgan Stanley: Tesla's "flywheel effect" is about to start, and autonomous taxis will be the next core growth driverUnderstanding the Market | Gold Stocks Lead the Decline, Federal Reserve Remains Hawkish and Holds Steady, Inflation Pressure May Squeeze Rate Cut SpaceJensen Huang confirmed the return of orders from China, and Wells Fargo estimates that NVIDIA's annual revenue is expected to gain an incremental $25 billionUnderstanding the Market | Tencent opened down over 4%, with fourth-quarter results significantly exceeding expectations; future buyback investments may be reduced for AI developmentThe Hang Seng Index opened down 1.82%, the Hang Seng TECH Index fell 2.10%, and Tencent dropped over 4%Tencent Holdings Limited released its annual results, with a profit attributable to shareholders of HKD 224.842 billion, an increase of 16% year-on-year, and a final dividend of HKD 5.3 per shareThe financial report "made a fortune," but why did Micron Tech plummet?Tencent enters the "AI cash-burning phase," and the market's first reaction is "unhappy." The key to victory lies in the "AI progress in the next few quarters."Micron conference call: AI will reshape storage into a "strategic asset"! To cope with shortages, it is necessary to spend money to build factories and sign the first 5-year long-term contracts, HBM4 directly supplies NVIDIAPowell's "expectation management" tone shifts to caution: The Federal Reserve temporarily pauses interest rate cuts, awaiting the impact of the warCITIC Securities: It is expected that the Federal Reserve will cut interest rates once by 25bps in the second half of the yearThe Nikkei 225 index opened down 1.7%, and the Seoul Composite Index opened down 2.8%CICC: The Federal Reserve has limited room to cut interest rates in a "stagflation-like" environmentOnce expected to serve as the director of the U.S. Bureau of Labor Statistics! Trump's ally "speaks the truth": The U.S. economy cannot withstand a $100 oil priceFederal Reserve's inflation warning crushes precious metals: Gold is at risk of falling below $4,800, silver declines for six consecutive days