Daily Investment Strategy
HSI rose 16 points on Monday
The Hang Seng Index closed at 16,737 today, up 16 points or 0.1%. The HSTECH reported at 3,594, up 44 points or 1.3%. The HSCEI rose 27 points, or 0.5%, to 5,848. The market turnover was HK$95.7 bn. HK property stocks were generally weak, with SHKP (0016) and Henderson Land (0012) falling 2.6% and 3.9% respectively. It was rumored that Alibaba (9988) sold Freshippo and RT-Mart to COFCO, but this was later officially denied. Alibaba's share price rose 0.1%.
Nvidia announced the various integration of AI is coming soon
On March 18th, AI market leader stock Nvidia (NVDA.US) held the annual artificial intelligence event GTC 2024. At the meeting, it released the latest AI GPU - B100. This new GPU uses the newly designed "Blackwell" architecture. Which will provide at several times the speed, and CEO Jensen Huang proposed the trend of integrating AI into everything, such as AI + medicine, AI + industrial design, etc. According to estimates from a market research study, the AI chip market size will increase by 25.6% from the previous year to US$67.1bn in 2024. In 2027, the market size will be more than double the size in 2023, reaching US$119.4bn.
All three major U.S. stock indexes recorded gains. The Nasdaq composite rose 130 points, or 0.82%, to close at 16,103; the S&P 500 rose 32 points, or 0.63%, to close at 5,149; the DJIA rose 75 points, or 0.2%, to close at 38,790.
BOJ may announce the end of YCC today
According to Japanese media reports, the BOJ may announce the end of the YCC today, raising short-term interest rates to a range of 0 to 0.1% and stopping the purchase of ETF assets. Although the BOJ has ended its negative interest rate policy, it is not expected to announce a balance sheet reduction at the same time. It is reasonable to choose to continue to purchase government bonds. After all, if bond interest rates rise sharply, Japan, a country with a high debt burden, will face financing pressure.
The net inflow of Hong Kong Stock Connect on Monday was HK$2.93bn, in which Xiaomi (1810) had the largest net inflow, reaching HK$330mn; followed by Kuaishou (1024). Li Auto (2015) recorded the largest net outflow of HK$290mn, followed by WuXi Biologics (2269).
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