当地时间11月11日，《联合国气候变化框架公约》第二十九次缔约方大会，即COP29在阿塞拜疆首都巴库正式开幕。前一届会议上，各国同意逐步摆脱化石燃料实现2050年净零排放。然而，阿塞拜疆国家石油公司计划增加化石燃料新产量，自成为该会议主办国以来，已签署25项涉及数十亿桶石油和天然气的协议，总价值或超80亿美元。① COP29 opened in Azerbaijan. ② HKEX stated it will continue to optimize the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect trading mechanisms and related services, continuously improve the Bond Connect and Swap Connect arrangements. ③ The three major U.S. indexes collectively rose last night, and most popular China concept stocks strengthened. ④ Japan intends to introduce a 10 trillion yen semiconductor and artificial intelligence support policy. ⑤ Bitcoin broke through $0.088 million.
Hot news
【COP29 opened in Azerbaijan】
On November 11th local time, the 29th session of the UNFCCC, COP29, officially opened in Baku, the capital of Azerbaijan. At the previous conference, countries agreed to gradually move away from fossil fuels to achieve net zero emissions by 2050. However, the Azerbaijan National Oil Company plans to increase new fossil fuel production. Since becoming the host country of the conference, it has signed 25 agreements involving billions of barrels of oil and gas with a total value possibly exceeding $8 billion.
【Japan Intends to Introduce a 10 Trillion Yen Semiconductor and Artificial Intelligence Support Policy】
The Japanese government plans to provide at least 10 trillion yen in support for the semiconductor and artificial intelligence industries by fiscal year 2030, approximately 468.8 billion yuan, to attract over 50 trillion yen in public and private investments. The plan will be provided through subsidies, government agency investments, and guarantees for loans to private financial conglomerates.
【HKEX: Continuous Optimization of Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect Trading Mechanisms and Services, Constantly Improving the Bond Connect and Swap Connect Arrangements】
On November 11, HKEX released the "Ten-Year White Paper on Mainland-Hong Kong Capital Market Connectivity," stating that in the future, HKEX will continue to cooperate with mainland partners and market participants side by side, under the leadership of regulators from both sides. They will further enrich product categories, expand the range of symbols; continuously optimize the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect trading mechanisms and related services; explore more measures to enhance investor participation and convenience; and continuously improve arrangements such as Bond Connect and Swap Connect.
Bitcoin surpasses $88,000, with a total market value of over $1.72 trillion.
Bitcoin surpasses $88,000, continues to hit new highs, rising over $7,500 or 9.5% in the past 24 hours, with a total market value of over $1.72 trillion.
Global Markets
The three major U.S. stock indexes collectively rose last night, all hitting new historical highs. The S&P 500 index for the first time crossed the 6,000-point mark. At the close, the Dow rose 0.69% to 44,293.13 points; the Nasdaq rose 0.06% to 19,298.76 points; the S&P 500 index rose 0.10% to 6,001.35 points. The Russell 2000 small-cap stock index rose 1.54% to 2,436.57 points.
Large technology stocks had mixed performance, with Google rising 1.13%, Netflix rising 1.29%, Intel falling by over 4%, Apple falling by 1.2%, Nvidia falling by 1.6%, Microsoft falling by 1.03%, Meta falling by 1%, Amazon falling by 0.61%.
Tesla's stock price rose over 9%, increasing its total market value to $1.13 trillion.
Cryptocurrency concept stocks surged, Canaan rose by 41%, MicroStrategy rose by 25%, and Coinbase rose by 19%.
Most popular China concept stocks rose, Nasdaq Golden Dragon Index closed up 0.59%. XPeng Autos surged over 5%, Li Auto rose nearly 3%, JD.com, Alibaba rose over 1%. iQIYI fell over 1%, Gaotu Techedu fell over 5%.
The three major Hong Kong stock indices collectively weakened on Monday. As of the close, the Hang Seng Index fell by 1.45% to close at 20426.93 points; the technology index fell by 0.35% to close at 4651.71 points; the state-owned enterprises index fell by 1.42% to close at 7355.57 points.
In terms of market performance, automotive retail, cryptos stocks, and related ETFs strengthened. Meanwhile, brokerages and real estate stocks showed weakness.
Company News:
China Life Insurance (02628): The accumulated original insurance premium income for the first 10 months is approximately 626.9 billion yuan, a year-on-year increase of 4.9%.
Q Tech (01478): In October, the sales volume of mobile camera modules was approximately 38.25 million units, an increase of 16.8% month-on-month and a 11.4% year-on-year growth. The total sales quantity of camera modules is 39.383 million units, up 16.3% month-on-month and 12.2% year-on-year. The sales quantity of fingerprint recognition modules totaled 15.452 million units, down by 5.7% month-on-month but up by 65.2% year-on-year.
Pou Sheng Int'l (03813): The total comprehensive operating income for the first 10 months is approximately 15.705 billion yuan, a decrease of 8.1% year-on-year; the comprehensive operating income in October is about 1.721 billion yuan.
Yue Yuen Ind (00551): The accumulated total comprehensive operating income for the first 10 months is 6.818 billion US dollars, a 2.9% year-on-year increase; the total comprehensive operating income in October is 0.74 billion US dollars, up by 14.7% year-on-year.
Leapmotor (09863): In the third quarter, revenue was 9.86 billion yuan, an 83.9% increase month-on-month and a 74.3% year-on-year increase; the net loss for the period was 0.69 billion yuan, with a total sales volume of 86,165 units, a 61.7% increase month-on-month and a 94.4% increase year-on-year. The main reasons are the significant increase in product delivery volume and the optimization of product sales structure by the company.
Important data
18:00 Eurozone ZEW Economic Sentiment Index for November
Financial Events
23:00 Federal Reserve Director Waller speaks at banking conference.
