Company - BYD has surpassed Tesla for the first time, becoming the world's top electric vehicle seller [2] - Tesla's annual electric vehicle sales have been overtaken by BYD [2] - Micron Technology has significantly improved its profitability, with its stock reaching an all-time high [2] - AQR's multi-strategy product Apex is projected to return 19.6% in 2025, continuing its recovery in a turbulent quantitative investment year [2] Industry - The luxury retailer Saks Global is expected to file for bankruptcy, with its CEO set to step down [3] - Berkshire Hathaway enters a new era post-Warren Buffett [3] - The electric vehicle market in Norway is projected to reach a 96% market share for pure electric vehicles by 2025, with Tesla experiencing a surge in local sales [2]

Core Viewpoint - The article highlights significant stock price increases for several companies, indicating positive market sentiment and potential investor interest in these firms [1] Company Summaries - Baidu's stock rose by 15.02%, reflecting strong performance and investor confidence [1] - NetEase Youdao experienced an increase of 11.41%, suggesting positive developments or market reactions [1] - Canaan Creative (嘉楠科技) saw its stock price rise by 11.45%, indicating a favorable outlook [1] - GDS Holdings (万国数据) reported a stock increase of 9.80%, which may point to growth prospects [1] - EHang (亿航) experienced a stock price increase of 9.56%, reflecting potential investor optimism [1]

Baidu may list shares of its internal AI chip unit, Kunlunxin.Shares of Chinese tech giant Baidu (BIDU +14.20%) were soaring on Friday, up 13.1% as of 12:00 p.m. EDT, with "China's Google" reaching its highest stock price since mid-2023.The catalyst for today's move was Baidu's confidential filing for an initial public offering of its in-house semiconductor chip design firm, Kunlunxin. The move is thought to unlock value for the tech conglomerate, which may be undervalued based on a sum-of-the-parts calcula ...

Core Viewpoint - Baidu Inc, a leading AI company based in China, is experiencing significant stock price movement following its announcement to spin off its semiconductor unit, Kunlunxin, and list it in Hong Kong, with shares rising 12.6% to $147.14 [1] Group 1: Stock Performance - The stock is on track for its largest single-day percentage gain since February 2023, following a 55% gain in 2025, and is currently just below its two-year peak of $149.51 reached on October 6 [2] - Jefferies has raised its price target for Baidu from $159 to $181 while maintaining a "buy" rating after the spin-off announcement [1] Group 2: Options Trading Activity - Options traders are actively engaging with Baidu's stock, with 52,000 calls and 20,000 puts exchanged, which is nine times the stock's average daily options volume [3] - The most popular options include the January 2026 135-strike call and the weekly 1/2 150-strike call, with new positions being opened in the latter [3] Group 3: Options Premium - Baidu's options are currently reasonably priced, indicated by a Schaeffer's Volatility Index (SVI) of 40%, which ranks in the 25th percentile of its annual range [4]

Market Overview - US stock indices opened higher, with the Nasdaq rising over 1.2% as of 23:00 Beijing time [1][10] - The Philadelphia Semiconductor Index surged over 4.5%, with ASML hitting a historical high, increasing by over 8% [2][12] Semiconductor Sector - Notable gains in semiconductor stocks include: - ASML: +8.75% - Micron Technology: +8.06% - Intel: +7.68% - AMD: +5.81% [3][12][13] Chinese Stocks - The Nasdaq Golden Dragon China Index rose nearly 3.9%, with Baidu surging over 12% after submitting a listing application for its subsidiary Kunlun Chip [4][12] - Other significant movers in Chinese stocks include: - Yatsen: +8.10% - NetEase: +7.41% - Alibaba: +4% [4][14] Precious Metals - Precious metals experienced a sudden pullback, with gold reaching a peak of $4,400 before settling around $4,336, reflecting a slight increase of 0.4% [4][15] - Silver also saw fluctuations, initially rising 4% but later adjusting to a 2% increase [4][16] Oil Market - Crude oil futures collectively declined, with WTI and ICE Brent both dropping over 1.2% [7][17] Cryptocurrency Market - Cryptocurrencies continued to rebound, with Bitcoin surpassing $89,000 and Ethereum, SOL, and XRP all increasing by over 2% [8][18] - Dogecoin saw a significant rise of over 10% [8][18]

Group 1: US Stock Market and Chip Sector - The US stock market indices opened strongly, with the Nasdaq rising over 1.2% as of 23:00 [1] - Notable gains in the chip sector include ASML up 8.75%, Micron Technology up 8.06%, and Intel up 7.68% [2] - The Nasdaq China Golden Dragon Index surged nearly 3.9%, with Baidu's stock increasing over 12% after submitting a listing application [2][3] Group 2: Precious Metals and Commodities - Precious metals experienced a sudden pullback, with gold reaching a peak of $4,400 before settling around $4,336, reflecting a 0.4% increase [3] - Silver initially rose by 4% but later adjusted to a 2% increase [3] - Crude oil futures saw a collective decline, with WTI and ICE Brent both dropping over 1.2% [8] Group 3: Cryptocurrency Market - The cryptocurrency market showed signs of recovery, with Bitcoin surpassing $89,000 and Ethereum, SOL, and XRP all increasing by over 2% [8][9] - Dogecoin experienced a significant rise of over 10% [9] - A total of $235 million in liquidations occurred, with over 78% attributed to short positions [10] Group 4: Future Market Trends - Analysts predict that AI will continue to drive US stock market growth into 2026, shifting from pure computational hype to profit realization [12] - There are concerns about valuation disparities, regulatory risks, and potential underperformance of technology [12] - The trend of capital moving towards Asian markets is expected to persist, with a focus on structural opportunities in China, including hard technology and domestic demand growth [12]

Core Viewpoint - Chinese assets experienced a strong start in 2026, with significant gains in various indices and stocks, indicating a continuation of the structural bull market from 2025 and a clear investment theme for the year ahead [1][2]. Group 1: Performance of Chinese Assets - The Nasdaq Golden Dragon China Index surged nearly 4%, while leveraged ETFs for Chinese stocks saw increases of over 10% and 8% respectively [2]. - Major Chinese stocks performed well, with Baidu Group rising over 12%, and other notable gains from companies like WanGuo Data and JinkoSolar, which increased by over 8% and 7% respectively [2]. - The Hong Kong market also showed strong performance, with the Hang Seng Index up 2.76% and the Hang Seng Technology Index up 4% [2]. Group 2: Currency Movements - The offshore RMB/USD exchange rate broke above 6.97, reaching a high of 6.9662, marking the strongest level since May 2023 [3]. - Factors contributing to the RMB appreciation include a strong Chinese stock market, increased demand for currency conversion from export companies, and a weakening US dollar [4]. Group 3: Global Market Trends - Global markets continued their strong performance from 2025, with Asian markets achieving their best opening since 2012, led by gains in AI and semiconductor stocks [5]. - Major US tech stocks also saw gains, with the Philadelphia Semiconductor Index rising over 4% and ASML ADR increasing by over 8% [6]. - Investor sentiment remains optimistic, with significant net inflows into global equity funds, totaling $26.54 billion in the last week of 2025 [6].

In early trade, the S&P 500 rose 0.4 per cent, extending gains after closing 2025 with a rise of more than 16 per cent. The Nasdaq composite climbed 1 per cent, driven by advances in big technology names, while the Dow Jones Industrial Average slipped 60 points, or 0.1 per cent.Buying interest remained strong in AI-linked stocks, with Nvidia and Google-parent Alphabet rising more than 2 per cent each, amid expectations that expanding use of artificial intelligence will boost demand for chips, data centres a ...

1月2日美股开盘，道指盘中一度跳水，纳指拉涨。中概股则全线大涨，黄金有所回落。 晚间，美股集体高开后道指盘中一度跳水，纳指涨约1%。 个股方面，特斯拉微涨。 特斯拉最新公布的2025年第四季度交付量418227辆，同比减少16%；第四季度汽车产量434358辆，同比 减少5.5%。特斯拉全年交付量164万辆，同比减少8.6%。 值得注意的是，纳斯达克中国金龙指数暴涨，截至发稿大涨超4%。个股方面，百度暴涨超10%，公司 建议分拆昆仑芯于港交所主板独立上市，昆仑芯已提交上市申请。 此外，万国数据涨逾8%，叮咚买菜涨逾7%。 中概股全线大涨或受港股暴涨影响，港股截至收盘，恒生指数涨逾2.7%，恒生科技指数涨4%。 此外，韩国、新加坡、菲律宾等亚太股市均集体拉涨。 此外，人民币也在最近不断拉涨也是中国资产上涨的原因之一，截至发稿，美元兑离岸人民币升破 6.97。 黄金方面，截至发稿，现货黄金突然回落，不过仍保持在4340美元上方，今日曾一度突破4400美元。此 外，现货白银也回落至74美元下方。 2026年美联储的降息预期以及持续发酵的地缘政治紧张局势，成为推动本轮黄金价格走高的两大核心因 素。 芝加哥商品交易所集 ...

美股三大指数集体高开，道琼斯指数涨0.19%，标普500指数涨0.58%，纳斯达克综合指数涨1.03%。芯 片股普涨，阿斯麦涨超5%，美光科技涨超3，台积电涨超2%。百度涨超10%，计划分拆昆仑芯业务并于 港交所IPO。 ...