2.当地时间周二，欧佩克发布了最新月度报告，该组织下调了对今明两年全球石油需求增长的预测，这是其连续第二次下调预期。① The European Union is reportedly reducing the proposed tariff increase on imported electric cars from China. ② OPEC lowers its global oil demand growth forecast for the next two years. ③ On the first day of inclusion in the Hong Kong Stock Connect, Alibaba's trading volume surged by billions. ④ Sony releases a new version of the PS5 Pro game console.
Focus on hotspots:
1. According to informed sources, the European Union is preparing to slightly reduce the proposed tariff increase on imported electric cars from China. Among them, the tax rate on Tesla electric cars imported from China will be adjusted from the proposed 9% to slightly below 8%. It is reported that the European Union made the above adjustments based on the new information provided by the companies. EU member states will vote on the final proposed tariff before it takes effect in November.
2. OPEC released its latest monthly report on Tuesday, local time, and lowered its forecast for global oil demand growth for the next two years. This is the second consecutive time that the organization has lowered its expectations.
OPEC predicts that global oil demand will increase by 2.03 million barrels per day this year and 1.74 million barrels per day next year. Last month's forecast was 2.11 million barrels per day and 1.78 million barrels per day respectively. Total demand is expected to reach 10.42 billion barrels per day in 2024 and 10.6 billion barrels per day in 2025.
On September 10th, Alibaba's Hong Kong-listed stocks surged by 4.21%, with a total trading volume of 16.9 billion Hong Kong dollars, an increase of over billions compared to the previous day, reaching a new high in nearly three and a half years since April 2021.
Late Tuesday night, Beijing time, consumer electronics giant Sony released the upgraded version of the PlayStation 5 game console, the PS5 Pro. The game rendering speed is improved by up to 45%, and the pricing of the new machine is higher than expected, reaching $699. A survey conducted by the well-known gaming website IGN afterwards showed that over 90% of respondents thought that Sony's pricing was either "too expensive" or "a little expensive".
Global Index
In the US stock market, as of the close, the S&P 500 index rose by 0.45% to 5495.52 points; the Nasdaq index rose by 0.84% to 17025.88 points; the Dow Jones Industrial Index fell by 0.23% to 40736.96 points.
Major tech companies still maintained mostly positive performance, with Apple falling by 0.36%, Microsoft rising by 2.09%, Amazon rising by 2.37%, Meta remaining unchanged, Google-A falling by 0.03%, Tesla rising by 4.58%, Nvidia rising by 1.53%, and Intel falling by 0.47%.
Chinese concept stocks also showed a moderate increase, with the Nasdaq Golden Dragon Index up 0.06%. Alibaba rose 2.90%, Baidu rose 0.51%, PDD Holdings rose 0.65%, JD.com rose 0.35%, Netease fell 1.47%, NIO Inc. fell 1.62%, Li Auto Inc. rose 3.87%, and Xpeng rose 2.70%.
In the Hong Kong stock market, as of the close on Tuesday, the Hang Seng Index rose by 0.22% to close at 1734.09 points; the Technology Index rose by 0.41% to close at 3450.73 points; the Hang Seng China Enterprises Index rose by 0.39% to close at 6026.34 points.
From the market performance perspective, autos and bank stocks performed well, while real estate and pharmaceutical stocks showed a sluggish trend.
Company News:
China General Nuclear Power Corporation (01811.HK): The cumulative power generation in the first 8 months decreased by 1.3% to 13058.9 gigawatt-hours. Among them, wind power projects decreased by 4.2%, solar energy projects increased by 26.5%, combined heat and power and gas projects increased by 14.2%, hydro projects increased by 22.7%, and the South Korea project decreased by 5.8%.
Topsports (06110.HK): It is expected that the net income for the six months ending on August 31, 2024 will decrease by approximately 35% compared to the same period last year.
Greenland HK (00337.HK): Total contract sales in the first 8 months amounted to 5.526 billion yuan, a decrease of 48.38% year-on-year.
Yuzhou Group (01628.HK): Total contract sales in the first 8 months amounted to 5.241 billion yuan, with August sales of 0.431 billion yuan.
CIFI Hold GP (00884.HK): Total contract sales in the first 8 months amounted to 24.11 billion yuan, with August sales of 1.94 billion yuan.
Sino-Ocean GP (03377.HK): Holders representing over 75% of the group A debts have joined the restructuring support agreement.
BYD Company (01211.HK): Executives and 33 other core personnel collectively increased their holdings by a total of 0.142 million shares of A shares, with a total shareholding amount of approximately 35.4536 million yuan.
