NTES241206C97000
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NetEase Newsroom
The Nasdaq index reached a new high, French stocks rose, the south korea etf narrowed after a 7% drop, and the offshore yuan briefly fell below 7.31 yuan.
South Korean President Yoon Suk-yeol abruptly declared a state of emergency, boosting safe-haven assets such as U.S. Treasury bonds, Japanese yen, and gold, while cryptos on the South Korean exchange plunged. The South Korean parliament quickly passed a resolution to lift the state of emergency, with the Ministry of Finance and the central bank actively working on market rescue measures. After a 2.7% drop to a two-year low, the won’s decline was cut in half, South Korean etfs fell by 1.6%, and the yield on 10-year U.S. Treasury bonds turned to increase after hitting a new low in over a month. France is set to vote on dissolving the government as early as Wednesday, with French stocks following European markets upward, although they had previously declined during the day. The Dow Jones, small cap stocks, and semiconductor indices fell, while the China concept index once rose by 1.9%. The yuan hit a new low in a year during the day, and U.S. oil rose nearly 3% testing the $70 mark.
Hong Kong stock concept tracking | The hang seng index will open the "cross-year market" as institutions turn bullish on the valuation recovery of the internet plus-related sector (with concept stocks attached).
JPMorgan: Investors may start to shift back to internet-related stocks in China.
Hong Kong stock market morning report on December 3: The NASDAQ and S&P in the US set new highs again. China Resources consortium acquired a land plot for 18.5 billion yuan.
① The manufacturing index from the usa Supply Management Association rose by 1.9 points, with most categories in the index showing improvement. ② The French Prime Minister announced a bypass of parliament to forcibly pass the budget bill. ③ Federal Reserve Governor Waller expressed a tendency to lower interest rates again in December. ④ The usa Department of Commerce released new export control measures on semiconductors to China, and the Department responded. ⑤ The usa stock market's Nasdaq and s&p 500 index both reached new historical highs.
Nasdaq, S&P hit new highs, French stock and bond yields fluctuate and rise, Euro once fell more than 1%, Dollar rose.
On the first trading day of December, Cyber Monday shopping amounts will break records, with the Nasdaq and Chinese concept stocks rising about 1%, and the chip index leading with a 2.6% increase, while the Dow fell from its peak. Tesla soared over 4% during the day, intel rose nearly 6% before turning negative, super micro computer surged nearly 29%, and Xpeng autos climbed over 5%, but Li Auto dropped nearly 4%. The French government faces a vote of no confidence, causing French stocks to briefly fall over 1%, and the spread between French and German government bond yields approached the widest in twelve years. US henry hub natural gas fell over 4%, the indian rupee hit a new low, and the offshore yuan dropped over 400 points, falling below 7.29 yuan.
US stocks closed: Chinese concept stock index 'three consecutive rises,' technology giants prop up NASDAQ, S&P to reach new highs.
① Technology giants continue to rise, with the S&P and Nasdaq hitting new highs; ② Musk's high salary once again rejected by a judge; ③ Super micro computer announces no inappropriate behavior found; ④ Intel CEO suddenly retires, reportedly forced out by the board of directors.
Netease denies all layoffs in Shenzhen, stating that it is fake news and refers to adjustments made several months ago.
Sina Technology News, November 29th, noon, there were online rumors that netease's Shenzhen office laid off all employees, "the gaming department left with none." In response, a netease insider said, "This was an adjustment made several months ago, specifically for a single product, many colleagues have already been transferred to other products, it is definitely not true that all employees were laid off."
Morgan Stanley: Maintains netease-S (09999) "shareholding" rating, target price raised to 185 Hong Kong dollars.
J.P. Morgan continues to list netease as the top pick in the digital entertainment sector.
[Brokerage Focus] Bocom Intl: Bullish on OTA/local life competition easing and sustained robust performance by 2025.
Jinwu Financial News | Bocom Intl released its 2025 outlook for the internet plus-related industry, as new policies are progressively implemented, the effects on online and offline consumer spending may become evident the fastest. There is bullish sentiment towards consumer categories on internet trading platforms that are relatively inelastic and can be quickly stimulated, as well as the software industry benefiting from AI empowerment and innovation recovery. It is suggested to focus on stable growth in core business, improvement in profitability, and valuation recovery opportunities driven by high shareholder returns. The bank is optimistic about the easing competition in OTA/local life and the sustained steady performance, with ecommerce > education > gaming > software having significant valuation recovery opportunities. OTA: Mainland hotel ADR pressure is easing, outbound business.
J.P. Morgan Maintains NetEase(NTES.US) With Buy Rating, Raises Target Price to $120
Zhou Hongyi: In the era of AI, internet plus-related companies are no longer the main characters; traditional enterprises are.
Sina Technology reported on the evening of November 28 that during the 2024 World Zhejiang Businessmen Conference "Shanxi Night" event, Zhou Hongyi, founder, chairman, and CEO of 360 Group, was invited to promote Linfen in Shanxi. Zhou Hongyi pointed out that in the AI era, entering the second half of digitalization or the second half of the internet, internet companies are no longer the main characters; the true protagonists are traditional enterprises. Therefore, for cities like Linfen in Shanxi, the biggest temptation for digital enterprises is the presence of many traditional enterprises, such as coke and steel companies, which have significant potential for digital transformation. Zhou Hongyi emphasized that in order for China's large models to perform well,
Express News | NetEase Inc : JP Morgan Raises Target Price to $120 From $110
netease is in a challenging autumn.
Both games and music are facing trouble.
Hong Kong stocks are moving | The index of Hengke has expanded its increase to over 3%, with all network technology stocks rising. Meituan-W (03690) is up nearly 7%.
The Heng Science Index expanded by over 3%, with regards to the component stocks, network technology stocks rose across the board today, with Meituan-W (03690) up 6.7%, closing at 175.3 Hong Kong dollars; jd.com Group-SW (09618) increased by 4.42%, closing at 141.8 Hong Kong dollars.
Netease youdao (DAO.US) closed up more than 15%, with record high profits in the third quarter.
On Tuesday, U.S. stocks closed, with the education technology company Netease Youdao rising by 15.28%, closing at $6.11.
NetEase To Go Ex-Dividend On November 29th, 2024 With 0.435 USD Dividend Per Share
NetEase, Inc. Goes Ex Dividend Tomorrow
Netease Cloud Music and QQ Music are "quarreling" again, who actually "plagiarized" whom?
① Netease Cloud Music publicly urged QQ Music to stop its plagiaristic "innovation". ② The dispute between the two major domestic online music platforms has lasted for years, reflecting the increasingly intense competition among online music platforms today.
Netease Cloud Music clashes with QQ Music: "Plagiarism" is written all over the screen.
① Netease Cloud Music calls out to QQ Music: "Less follow-up 'updates', more real innovation." ② Netease Cloud Music published an article detailing the accusations against QQ Music in recent years for "imitating" and copying Netease Cloud Music's vinyl playback page, share with friends feature, and Palace Museum themed player.
US stocks closed: "Trump trade" resumes, with all three major indexes rising together. The Dow rose 1%.
① The three major indices collectively rose, with the Dow Jones up 1%; ② Most large technology stocks fell, with Google dropping nearly 5%; ③ Most china concept stocks fell, with pdd holdings down more than 10%.
BofA Securities Maintains NetEase(NTES.US) With Buy Rating, Maintains Target Price $120