Edit | Seventy-three
U.S. stocks were mixed
On April 18, local time, the three major U.S. stock indexes rose and fell, closing mixed.
At the close, the Dow rose 0.06%, the Nasdaq fell 0.25%, and the S&P 500 fell 0.52%, with the Nasdaq and the S&P 500 down for five consecutive sessions.
In terms of industry sectors, the 11 major sectors of the S&P 500 Index rose seven times and fell four times. The Communication Services and Utilities sectors led the gains with gains of 0.66% and 0.61%, respectively, while the technology and consumer discretionary sectors led the declines with losses of 0.89% and 0.71%, respectively.
Chinese concept stocks rose strongly, with the Nasdaq China Golden Dragon Index closing up 0.99%. Among the popular stocks, New Oriental rose 2.77%, Tencent Music rose 2.75%, NIO rose 2.30%, Li Auto rose 1.57%, and Baidu rose 1.24%.
Netflix released its financial results for the first quarter of 2024, kicking off the earnings reports of American tech giants. According to the financial report, 9.33 million new subscribers were added in the first quarter, exceeding expectations for the second consecutive quarter. Revenue for the quarter was $9.49 billion, compared to analysts' expectations of $9.537 billion. Earnings per share were $5.28, compared to $2.88 in the year-ago quarter. Since the beginning of this year, Netflix's stock price has risen by 25%, which is better than the Nasdaq 100's cumulative increase of 3.38% over the same period.
TSMC's American Depositary Receipts (ADRs) fell 4.86%, the company's consolidated revenue in the first quarter was 132.455 billion yuan, up 16.5% year-on-year and down 5.3% quarter-on-quarter, and net profit was 50.397 billion yuan, down 8.9% year-on-year and down 5.5% quarter-on-quarter. Gross margin for the quarter was 53.1%, operating margin was 42.0% and net profit margin was 38.0%.
Tesla closed down 3.55% at $132.27, closing at its lowest price since January 2023.
Alaska Airlines rose 4.03% as it expects a higher-than-expected profit for the quarter as demand soars as the summer travel season arrives.
On the 18th, the U.S. Department of Labor released data showing that the number of first-time jobless claims in the United States was 212,000 in the week ended April 13, lower than the expected value of 215,000, indicating that the cooling trend of the U.S. job market is still slow.
New York Fed President Williams said on Thursday that the Fed is in no hurry to lower interest rates and that economic data will determine the timing. He said there was even a possibility of a rate hike this year. Atlanta Fed President Bostic said that he prefers to keep interest rates stable and that rate cuts should wait until near the end of the year. Market expectations for the Fed to cut interest rates have fallen sharply, with the CME FedWatch tool showing that the probability of a rate cut in June has dropped to 15.2%, compared to 41.5% in July.
In commodities, oil prices edged higher, with West Texas Intermediate (WTI) crude futures for May delivery on the New York Mercantile Exchange rising 4 cents, or 0.05%, to settle at $82.73 a barrel.
Overseas hot spots
The United States vetoed the draft resolution on Palestine's accession to the United Nations in the Security Council
On the afternoon of April 18, local time, the United Nations Security Council voted on admitting Palestine as a full member of the United Nations. The draft resolution was rejected by one vote because of the opposition of the United States, as a permanent member of the Security Council. Fu Cong, China's permanent representative to the United Nations, said in his explanatory remarks after the vote that today is a sad day, because due to the US veto, Palestine's application to become a full member of the United Nations has been rejected, and the Palestinian people's decades-old dream has been ruthlessly shattered, and China is very disappointed by the US decision. (CCTV News, CCTV International News)
The Venezuelan government issued a statement condemning the reinstatement of sanctions against Venezuela by the United States
On April 18, local time, the Venezuelan government issued an official announcement condemning the United States for reinstating sanctions against Venezuela. The statement said that the Venezuelan government once again rejects the claims of the United States government to control and manipulate the Venezuelan oil industry by imposing coercive measures and suspending the issuance of licenses, which is a colonialist practice. (CCTV News)
Iranian official: Iran's nuclear facilities are ready for defense to counter the threat
Iran's IRGC commander in charge of the security of Iran's nuclear facilities said Iran's nuclear facilities are scattered in several areas of Iranian territory, but a defense plan has been developed to prepare for the use of advanced equipment to deal with any threat from Israel, Iranian media reported on April 18. (CCTV News)
The Ukrainian prime minister held talks with the US Treasury minister to discuss issues such as strengthening aid to Ukraine
On the 18th local time, Ukrainian Prime Minister Shmygal announced on his official social platform that he held talks with U.S. Treasury Secretary Yellen. He said that the two sides discussed issues such as strengthening financial assistance to Ukraine, confiscating and freezing Russian assets, and strengthening sanctions against Russia. (CCTV News)
Thailand has once again extended the implementation of the state of emergency decree in the southern border area
The Thai government gazette website announced on April 17 that the cabinet has approved the extension of the state of emergency decree in the three provinces of Narathiwat, Pattani and Yala provinces in southern Thailand for another three months from April 20 to July 19. (CCTV News)
Financial news
Ministry of Commerce: Urge the U.S. to stop raising tariffs on Chinese products and immediately cancel the additional tariffs on China
According to the website of the Ministry of Commerce, on April 18, the spokesperson of the Ministry of Commerce answered reporters' questions on the US announcement of restrictions on China's steel and aluminum products. The spokesperson of the Ministry of Commerce said that China has taken note of the relevant information. The US accusation against China has no factual basis, and the relevant measures are typical unilateralism and protectionism, which China firmly opposes. We urge the US to face up to its own problems, stop raising tariffs on Chinese products, and immediately lift the additional tariffs on China. China will take all necessary measures to defend its rights and interests. (CCTV News)
Foreign Ministry: Resolutely oppose the deployment of medium-range missiles by the United States in the Asia-Pacific region in order to seek unilateral military superiority
On April 18, Foreign Ministry Spokesperson Lin Jian held a regular press conference. Lin Jian said that China has taken note of relevant reports and expresses grave concern over relevant developments. China has always firmly opposed the deployment of medium-range missiles in the Asia-Pacific region by the United States in pursuit of unilateral military superiority, and strengthened forward deployment at China's doorstep, which has exacerbated tensions in the region. We urge the US to earnestly respect the security concerns of other countries, stop inciting military confrontation, stop undermining regional peace and stability, and take concrete actions to reduce strategic risks. The Philippine side should be soberly aware of the real purpose of this move by the US and the serious consequences of catering to the US side, and refrain from sacrificing its own security interests to play for the US and not go further down the wrong path. (CCTV News)
Ministry of Civil Affairs: It has never organized and carried out activities such as "building a home for the elderly".
The Department of Pension Services of the Ministry of Civil Affairs issued a statement on April 18, saying that recently, some criminals have carried out activities such as the so-called "construction of nursing homes" in the name of the Department of Pension Services of the Ministry of Civil Affairs, and related behaviors are suspected of fraud. The Department of Pension Services of the Ministry of Civil Affairs has never organized and carried out activities such as "construction of nursing homes" and "personal inclusive pension plan", and the public, especially the elderly, is requested to be vigilant, not to believe in relevant information from unknown sources, beware of being deceived, and avoid property losses. (CCTV News)
Ministry of Education: Colleges and universities should plan to add majors in advance according to the needs of economic and social development
The reporter learned from the Ministry of Education on April 18 that in order to cultivate national strategic talents and urgently needed talents, the General Office of the Ministry of Education recently issued a notice on further improving the setting of undergraduate majors in ordinary colleges and universities, and made arrangements for the establishment of undergraduate majors. The notice makes it clear that colleges and universities should plan to add additional majors in advance according to the needs of economic and social development, the urgent needs of regional development, their own school-running positioning, and school-running conditions. (Xinhua News Agency)
China's Ministry of Industry and Information Technology: Promote the R&D and application of cutting-edge technologies such as 6G, next-generation Internet, and quantum communication
Zhao Zhiguo, spokesman and chief engineer of the Ministry of Industry and Information Technology of China, said at a press conference held by the Information Office of the State Council on the 18th that the next step is to comprehensively strengthen the construction of new information infrastructure, systematically lay out key core technologies, and promote the research and development and application of cutting-edge technologies such as 6G, the next generation of the Internet, and quantum communications. (China News Network)
The central bank replied to Yicai: the loan investment structure continued to be optimized, and the growth rate of real estate loans rebounded
On April 18, at a press conference of the State Council New Office, Zhang Wenhong, head of the Survey and Statistics Department of the People's Bank of China, said in response to a question from First Financial and Economics, "From the perspective of industry investment, new loans are mainly invested in key areas such as manufacturing, infrastructure and service industries, and the growth rate of real estate loans has also picked up." The investment structure of the loan industry continued to be optimized. Zhang Wenhong said that in the next step, the People's Bank of China will maintain reasonable credit growth and stable rhythm, continue to optimize the credit structure, focus on improving efficiency, and effectively strengthen high-quality financial services in key areas and weak links.
Shanghai Lujiazui Mansion 212 Suites "Riguang" received 7 billion yuan
On April 18, the luxury house "Binjiang Triumphal Arch" in Lujiazui, Shanghai, was sold out at the opening, with a total price of 110 million yuan "Louwang" was purchased at the opening, and the gold was 7.027 billion yuan in a single day. The project is located in the Lujiazui area of Pudong, Shanghai, with a total of 212 units. (The Paper)
A real estate project in Shenzhen has opened a pilot project of "trade-in", and buyers can return the deposit for the new house if they have not sold the old house for two months
Recently, Leyoujia joined hands with LVGEM Real Estate's project "LVGEM Baishizhou" to pilot the promotion of the new model of "trade-in" in Shenzhen. On the afternoon of April 18, Yicai learned from the real estate sales staff of the "LVGEM Baishizhou" project that the project is indeed doing the "old for new" activity, and the number of places is limited, after participating in the "old for new" activity, if the buyer's old house is not sold within two months, the developer can refund the buyer's deposit for locking the house.
Macau's property market has been fully withdrawn
The Legislative Assembly of the Macao Special Administrative Region held a plenary meeting on the afternoon of the 18th, and voted in general and by-law to pass the bill on "Abolition of Tax Measures Related to the Management of Real Estate Demand", including the abolition of special stamp duty, special stamp duty and stamp duty, which will take effect on the day after its promulgation. (Voice of the Greater Bay Area)
Lei Jun's live broadcast responded to the loss of car manufacturing: I haven't heard that there is a company that makes money
On April 18, Lei Jun, the founder of Xiaomi Group, broadcast live on Douyin to introduce the Xiaomi Car Delivery Center and the specific configuration of Xiaomi Auto SU7. During the live broadcast, Lei Jun responded to the question of cost performance, saying that today's pure electric car (market) has never heard of any (enterprise) making money, and basically an outrageous car will lose hundreds of thousands. So in an industry with huge losses, everyone really doesn't talk about cost performance.
Huawei's Rotating Chairman's Latest Speech: Building HarmonyOS is the most critical thing in 2024
On April 18, Huawei's official website posted the full text of Huawei's vice chairman and rotating chairman Xu Zhijun's speech at the 21st analyst conference. In his speech, Xu gave a detailed analysis of the key trends, opportunities, and strategic initiatives facing Huawei. In addition, Xu Zhijun said that building a HarmonyOS native application ecosystem will be the most critical thing for Huawei in 2024.
Northbound funds sold a net of 5.285 billion yuan yesterday, and Kweichow Moutai and Ping An of China were added
On April 18, northbound funds sold a net of 5.285 billion yuan throughout the day, including a net sale of 1.533 billion yuan in Shanghai-Hong Kong Stock Connect and a net sale of 3.752 billion yuan in Shenzhen-Hong Kong Stock Connect. Among the top 10 traded stocks, the top three net buyers were Kweichow Moutai, Ping An of China, and Fortune Federation of Industry. The top three net sellers were China CITIC Bank, Zhongji InnoLight and Agricultural Bank of China.
Institutions bought these 11 shares yesterday and sold 166 million yuan of CITIC Haizhi
On April 18, a total of 25 stocks appeared in the Dragon and Tiger list, 11 stocks showed institutional net buying, and 14 stocks showed institutional net selling. On the same day, the top three stocks bought by institutions were soft control shares, Brite shares, and Zhongrun Resources. The top three stocks that were net sold by institutions on the day were CITIC Haizhi, Northern Copper, and Andawell.
Lingrui Pharmaceutical: Obtained the drug registration certificate of montelukast sodium chewable tablets
Anbiping: Obtained the medical device registration certificate of HER2 antibody reagent (immunohistochemistry).
Changyang Technology: Signed a "Joint Development Agreement" with Huizhixing
Leshan Electric Power: Signed the "Cooperation Intent Agreement" with Sichuan Jianengjia Power Group
Sanfu shares: It plans to increase its capital to Sanfu New Materials, a holding subsidiary, with its own funds of 490 million yuan
Hengrui Pharmaceutical: The company's SHR-A2102 for injection has obtained the US FDA Fast Track qualification
Salt Lake Co., Ltd.: The controlling shareholder intends to carry out strategic cooperation with Minmetals Group in the salt lake industry
Zhengdan shares: The sustainability of price fluctuations of TMA products is uncertain
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