Edit | Seventy-three
U.S. stocks were mixed
U.S. stocks were mixed on Wednesday.
At the close, the Dow fell 42.77 points, or 0.11%, to 38,460.92, the Nasdaq rose 0.10% to 15,712.75, and the S&P 500 rose 0.02% to 5,071.63.
In terms of individual stocks, the 9 trillion yuan giant Meta fell more than 15% after hours, and its market value evaporated by nearly $160 billion. According to the financial report, the revenue in the first quarter was 36.46 billion US dollars, a year-on-year increase of 27%, the fastest since 2021, and the market expected 36.16 billion US dollars. Net profit was $12.37 billion, compared to $5.71 billion in the same period last year, benefiting from a 16% year-on-year decline in sales and marketing earnings. Meta said it expects second-quarter revenue of $36.5 billion to $39 billion, with $37.75 billion at the midpoint of the range, below market expectations of $38.3 billion. The company said it expects capital expenditures to be between $30 billion and $40 billion in 2024, up from its previous forecast of $35 billion to $37 billion, and raised its total expenditure forecast to $99 billion from $94 billion, triggering a plunge in the stock price. The company's CEO Mark Zuckerberg further expanded his decline after participating in the earnings call. He revealed that in areas such as mixed reality, the company is not currently profitable.
Tesla surged 12%, its biggest one-day gain since January 2022, and its market capitalization returned to above $500 billion. Previously, the EV maker predicted higher sales this year and said it would launch more affordable models in early 2025, easing concerns about growth.
Amazon fell 1.4 percent, Microsoft rose 0.4 percent, Boeing fell 2.8 percent, and drugmaker Biogen and medical device maker Boston Scientific rose more than 4 percent.
Popular Chinese concept stocks rose, Bilibili rose by more than 10%, iQiyi and Weibo rose by more than 4%, Futu Holdings, Weilai rose by more than 3%, Alibaba and JD.com rose by more than 2%, and Tencent Music, NetEase, and Baidu rose by more than 1%. Li Auto fell more than 3%, Xpeng Motors fell more than 1%, and Pinduoduo fell slightly.
According to data released by the U.S. Department of Commerce, U.S. durable goods orders rose 2.6% month-on-month in March, better than market expectations, and core capital goods orders excluding aircraft increased by 0.2% month-on-month and fell 1.2% year-on-year, the largest year-on-year decline since the pandemic.
The U.S. Treasury bid for a record $70 billion of five-year U.S. Treasury bonds on the same day, pushing Treasury yields higher. The benchmark 10-year Treasury rose 5 basis points to 4.646%.
International oil prices are lower, and sluggish gasoline demand in the United States has hit market confidence. The front-month WTI crude contract fell 0.66% to $82.81 a barrel, and the Brent front-month contract fell 0.45% to $88.02 a barrel.
International gold prices fell for the third day in a row, as investors awaited more clues on the Federal Reserve's policy outlook. COMEX gold futures for monthly delivery on the New York Mercantile Exchange fell 0.14% to $2,324.50 an ounce.
Overseas hot spots
U.S. President Joe Biden signed a bill to aid Ukraine
On April 24, local time, U.S. President Joe Biden said that he had signed a foreign aid bill worth $95 billion that day. According to a statement released by the White House on the 23rd, after Biden signed this bill, the United States can start sending weapons and equipment to Ukraine this week. It is reported that the bill includes more than $60 billion in aid for Ukraine and $26 billion in aid to Israel. (CCTV News)
Israel has launched a massive attack on Lebanon
On April 24, local time, an IDF spokesman said that the IDF carried out a large-scale attack on about 40 Lebanese Allah targets in the Ata Ashhayb area of southern Lebanon. The targets included storage facilities, weapons and other infrastructure used by Allah in the area. According to an IDF spokesman, Allah has deployed dozens of means and infrastructure for attacking Israeli rear in areas under attack. There is no response from the Lebanese side at this time. (CCTV News)
The discharge of nuclear-contaminated water from Fukushima was restarted after a power outage
According to reports, Japan's Tokyo Electric Power Company announced that at 17:15 local time on April 24, the discharge of nuclear-contaminated water from the Fukushima Daiichi Nuclear Power Plant was restarted. At around 10:43 a.m. on the same day, the power supply system at the Fukushima Daiichi Nuclear Power Plant was partially shut down, and the ongoing discharge of nuclear-contaminated water into the sea was interrupted. (CCTV News)
A Japanese passenger plane smoked from its wings when it landed
According to Japanese media reports, at around 5:40 p.m. local time today (April 24), an Airways passenger plane of All Nippon Airways "smoked from its wings" when it landed at New Chitose Airport in Hokkaido. There are reports that about 200 people on board are safe and sound. The accident may be due to a problem with the hydraulic system of the passenger aircraft. At present, the scene shows that the plane is parked on the runway, and there are fire fighting vehicles and other firefighting vehicles around the scene to confirm the scene. (CCTV International News)
Financial news
Shen 18 will carry 3 "post-80s" to set sail tonight
April 24 is China's Space Day. According to the press conference of the Shenzhou 18 manned mission held on the same day, the Shenzhou 18 manned spacecraft was launched at 20:59 on April 25, Beijing time, and the astronaut crew was composed of astronauts Ye Guangfu, Li Cong, and Li Guangsu, all three of whom were "post-80s", and they would raise "pet" fish in space for the first time.
U.S. Secretary of State Antony Blinken arrives in Shanghai
On the afternoon of April 24, U.S. Secretary of State Antony Blinken arrived in Shanghai for his second visit to China. (Yuyuan Tan Tian)
The EU raided the offices of Chinese companies in Europe, and the Ministry of Commerce responded
On April 23, the European Commission announced that it had conducted surprise inspections of the offices of Chinese companies in Europe. The head of the Trade Remedy Bureau of the Ministry of Commerce responded that the European Commission violated the principle of due process, interfered with the normal order of fair competition in the market, seriously damaged the confidence of all foreign companies operating in Europe, highlighted the further deterioration of the EU's business environment, and sent an extremely negative signal to all foreign companies operating in Europe.
The Ministry of Foreign Affairs responded to the upward revision of China's economic growth forecast by a number of international financial institutions
On April 24, Foreign Ministry Spokesperson Wang Wenbin held a regular press conference. A reporter asked about the news that Goldman Sachs, Morgan Stanley, Deutsche Bank and many other international financial institutions have raised their forecasts for China's economic growth this year. Wang Wenbin said that the trend of China's economic recovery and long-term improvement will not change. (Beijing Daily)
Ministry of Foreign Affairs: There is no reason to hype up China's overcapacity
Foreign Ministry spokesman Wang Wenbin said that recently, some Western countries have frequently accused China of "overcapacity", and this hype is unreasonable and China firmly opposes it. Labelling China's new energy industry as "overcapacity" is a manifestation of protectionism.
The implementation plan for the construction of the intellectual property protection system will be released to crack down on infringement
At the press conference of the State Council Information Office held on the 24th, Shen Changyu, director of the State Intellectual Property Office, revealed that the implementation plan for the construction of the intellectual property protection system is being accelerated. At present, the plan has been countersigned by the department and will be released and implemented in the near future.
In the first quarter, the office market in 40 cities slowly recovered
According to the latest report, in the first quarter, the total net absorption of the office building market in 40 major cities across the country was 814,000 square meters, of which the total net absorption of the office building market in 20 key cities (including the first tier) was 627,000 square meters, a decrease of 19.0% month-on-month and a sharp increase of 34.4% year-on-year, indicating that the market has been in the recovery range.
The Yangtze River Delta Railway is expected to send more than 27 million passengers during the May Day holiday
The reporter learned from China Railway Shanghai Bureau Group Co., Ltd. that the Yangtze River Delta Railway's 2024 "May Day" holiday transportation plan was recently introduced, and the holiday transportation period will be from April 29 to May 6, totaling 8 days. During this period, the Yangtze River Delta Railway is expected to send more than 27 million passengers, with an average daily passenger of more than 3.4 million, or a holiday transportation with the highest average daily passenger flow.
The two departments urgently allocated 110 million yuan to support flood control and disaster relief in Jiangxi, Guangdong, and Guangxi
On April 24, in response to the severe rainstorm and flood disaster in the south and other places, the National Disaster Prevention, Mitigation and Relief Committee launched the national four-level disaster relief emergency response, and on the basis of the 15,000 pieces of central disaster relief materials that have been allocated in the early stage, the Ministry of Finance and the Ministry of Emergency Management urgently allocated 110 million yuan of central natural disaster relief funds to support the flood prevention and disaster relief work of Guangdong, Jiangxi and Guangxi provinces (regions).
"New Era, New Automobiles", the 2024 Beijing Auto Show opened today
The 2024 (18th) Beijing International Automobile Exhibition will be held from April 25 to May 4, 2024 at the Shunyi Hall of the China International Exhibition Center in Beijing. After four years, the theme of the Beijing Auto Show is set as "New Era, New Automobiles", with a total exhibition area of 230,000 square meters, including more than 1,500 well-known domestic and foreign automobile and parts manufacturers.
Some areas of Shenzhen canceled purchase restrictions after the "May Day"?
On April 24, there were market rumors that after the "May Day", Shenzhen will cancel the purchase restriction policy in areas other than Futian and Nanshan, and at the same time cancel the value-added tax for 5 years, which can be exempted after 3 years. In this regard, the reporter called the Shenzhen Municipal Government Service Hotline and the Shenzhen Real Estate Registration Center, and the relevant staff responded that they have not received the relevant policy notice. (Securities Times)
The first in a first-tier city! Shenzhen's "trade-in" real estate expansion was carried out, and the first batch of 13 projects participated
Recently, the Shenzhen Real Estate Association and the Shenzhen Real Estate Intermediary Association jointly issued a notice to encourage commercial housing "trade-in", which was opened on May 1 this year for a period of one year, participating in 13 new housing projects and 21 intermediary companies.
Paid use fees for new cultivated land? Kailu County, Inner Mongolia responded
On April 24, the Information Office of Kailu County, Inner Mongolia, responded to the concerns of netizens in recent days, saying that the issue of farmland fees that netizens are concerned about is actually one of the disposal methods adopted for newly added cultivated land in the pilot program for the efficient use of new cultivated land in Kailu County, that is, "improving the contract and collecting paid use fees", rather than charging for the land that has been confirmed in the second round of extended contracts.
The founder of Zhong Xuegao said that selling sweet potatoes also had to pay off debts, but it was difficult to see Zhong Xuegao in offline channels
Zhong Xuegao, an Internet celebrity ice cream brand, has been on the cusp of public opinion in the past year, and has experienced turmoil such as being rumored to be in arrears of wages, locking the door of the office, and being restricted by the founder. Recently, the first financial reporter visited a number of cold drink wholesale departments, convenience stores and supermarkets in Shanghai and found that most of the stores no longer have Zhong Xuegao's figure.
With dismal first-quarter earnings and 10% layoffs worldwide, can cheaper models save Tesla?
On April 23, local time, Tesla announced before the release of its quarterly earnings report that it would lay off 6,020 employees in Texas and California. Just a few days ago, Tesla announced plans to lay off 10% of its workforce globally, involving about 14,000 people. According to the financial report released on the same day, Tesla's first-quarter profit fell 55% year-on-year to $1.13 billion. However, Musk said that the company plans to start production of the new model by 2025.
Institutions bought the 15 shares yesterday
On April 24, a total of 37 stocks appeared in the Dragon and Tiger list, 15 stocks showed institutional net buying, and 22 stocks showed institutional net selling. On the same day, the top three stocks that institutions bought were Andawell, Xinghu Technology, and VIE Technology. On the same day, the top three stocks sold by institutions were Wanfeng Aowei, Tongqinglou, and Orchid Science and Technology.
Northbound funds bought a net of 4.606 billion yuan yesterday
On April 24, northbound funds bought a net of 4.606 billion yuan throughout the day, including 3.07 billion yuan in Shanghai-Hong Kong Stock Connect and 1.536 billion yuan in Shenzhen-Hong Kong Stock Connect. Among the top 10 traded stocks, the top three net buyers were Ping An of China, Wuliangye and Agricultural Bank of China. The top three net sellers were CATL, Midea Group, and Inovance.
Zhongchen Technology: Short-term trading of relatives of independent director Jiang Haijun
Tonghua Dongbao: GLP-1/GIP dual-target receptor agonist weight loss indication was approved for clinical trial
Blonde Rabi: Recognized as "2023 Guangdong Engineering Technology Research Center".
Guangxi Energy: It is planned to invest 1.418 billion yuan in the construction of an eight-step uplink wind farm project
Zhejiang Rongtai: It is planned to invest overseas in the construction of a project with an annual output of 500,000 sets of new energy auto parts
ST News: Implement delisting risk alert and continue to implement other risk alerts
Shangfeng Cement: It is planned to invest no more than 200 million yuan in new economy equity
Jolywood: terminated silicon-based projects with a total investment of 14 billion yuan
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