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Northbound trading direction | Northbound net purchases of 14.306 billion, domestic funds are re-adding positions in Hong Kong stock ETFs, aggressively buying Alibaba (09988) exceeding 1.7 billion.
On December 13th in the Hong Kong stock market, the northbound capital had a net purchase of 14.306 billion HKD, of which the SH->HK Connect had a net purchase of 9.36 billion HKD, and the SZ->HK Connect had a net purchase of 4.946 billion HKD.
[Brokerage Focus] CMB International points out the trend of revenue growth from AI application starting in 2025.
Jinwu Financial News | CEB International released the 2025 outlook for the Software & IT Services Industry. Against the backdrop of economic cycle dislocation, the stock price performance of the Software Sector in China and the United States is expected to show a divergent trend in 2024. However, the investment volume related to AI, its short-term impact on profits, and the potential outlook for monetization are common points of concern for both markets. Looking ahead to 2025, the bank believes that the investment theme related to AI will continue its benefit transmission path from chips to public cloud to infrastructure software and then to Application software from a fundamental perspective. The Infrastructure Cloud Sector is focusing on the trend of increasing cloud business growth as supply constraints gradually ease and AI-related investment.
The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
Alibaba (BABA) Increases Despite Market Slip: Here's What You Need to Know
Unusual Options Activity: BABA, CMA and Others Attract Market Bets, BABA V/OI Ratio Reaches 764.7
Alibaba Options Spot-On: On December 12th, 213.57K Contracts Were Traded, With 3.09 Million Open Interest
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