Chinese assets exploded across the board

Source: Company E

Tonight, the three major U.S. stock indexes collectively opened higher.

Among them, Chinese concept stocks performed particularly well, with Bilibili up more than 9%, Li Auto up more than 7%, Xpeng Motors up more than 6%, and Pinduoduo and JD.com up more than 5%. The Nasdaq China Golden Dragon Index rose more than 3%.

Gold and silver, on the other hand, took a dive.

Important data from the United States is released

After the Federal Reserve made a statement on the timing of interest rate hikes, the United States disclosed several sets of data tonight: 1. The number of initial jobless claims in the United States last week was 208,000, with an expectation of 212,000 and a previous value of 207,000, and a four-week average of 210,000 and a previous value of 213,300. The number of people who continued to apply for unemployment benefits in the week ended April 20 was 1.774 million, with an expectation of 1.797 million and a previous value of 1.781 million. 2. The U.S. trade balance deficit in March was 69.4 billion US dollars, the expected deficit was 69.1 billion US dollars, and the previous deficit was 68.9 billion US dollars. Among them, exports were 257.6 billion US dollars, the previous value was 263 billion US dollars, and imports were 327 billion US dollars, the previous value was 331.9 billion US dollars.

3. The preliminary value of non-farm unit labor costs in the United States rose by 4.7% in the first quarter, with an expected increase of 3.3%, and the final value in the fourth quarter of 2023 increased by 0.4% and the preliminary value increased by 0.5%. The preliminary non-farm productivity rose by 0.3% versus the expected 0.8%, and the final value for the fourth quarter of 2023 rose by 3.3% and the preliminary value rose by 3.2%.

Hong Kong stocks soared

It is worth noting that Hong Kong stocks performed very strongly today.

At the close, the Hang Seng Index rose more than 2.5% to close above 18,000 points, while the technology sector maintained its recent strong performance, with the Hang Seng Tech Index surging 4.45%.

Among them, NIO-SW (HK:09866) rose by more than 20% due to the delivery of 15,620 new vehicles in April, a year-on-year increase of 134.6%. From January to April, a total of 45,673 vehicles were delivered, a year-on-year increase of 21.2%. The AI leader SenseTime Technology has soared by more than 36%, and since April 24, SenseTime-W has risen by more than 160% in a total of 6 trading days. In fact, since the promulgation of the new "National Nine Measures" and the introduction of five measures to benefit Hong Kong by the China Securities Regulatory Commission, foreign institutions have collectively bullied the Chinese market and have spent huge sums of money to snap up Chinese assets.

According to Wind statistics, there were 1,359 increases in various types in the Hong Kong stock market in the first quarter. Among them, JPMorgan Chase was the most active, with a total of 93 increases, and Meituan, Xpeng Motors, Follett Glass, and the Hong Kong Stock Exchange were all targets for its holdings.

The OECD raised its global growth forecast

The OECD Economic Outlook report raised the global growth forecast for 2024 to 3.1% (2.9% in February) and 3.2% in 2025 (3% in February), the US growth forecast for 2024 to 2.6% (previously 2.1%), and 1.8% in 2025 (previously 1.7%), and the Eurozone growth forecast to 0.7% (previously 0.6%) and 1.5% in 2025 (Previously, it was 1.3%).

Editor-in-charge: Ye Shuyun

Proofreading: Wang Chaoquan

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