Tesla(US:TSLA) Sou Hu Cai Jing·2025-06-06 03:02Monetary Policy and Market Dynamics - The People's Bank of China announced a record 1 trillion yuan reverse repurchase operation to maintain market liquidity, countering 1.2 trillion yuan of reverse repos maturing in June, signaling a loose monetary policy favorable for the stock market [3] - The European Central Bank lowered key interest rates by 25 basis points for the eighth consecutive time but hinted at a potential pause in the easing cycle, with inflation nearing the target of 1.6% [3] - The Federal Reserve is expected to maintain interest rates in June with a 97.5% probability, while the likelihood of a rate cut in July has risen to 32%, influenced by upcoming non-farm payroll data [3] Stock Market Performance - A-shares showed mixed performance with the Shanghai Composite Index rising by 0.23% to 3378.82 points, the Shenzhen Component up by 0.58%, and the ChiNext Index increasing by 1.17%, with a significant trading volume of 1.3 trillion yuan [3] - The technology growth sector saw gains, particularly in AI computing and optical modules, driven by Nvidia's market cap milestone and supportive policies [3] - The Hong Kong new consumption sector faced declines, with companies like Laopuyin and Mixue Group dropping over 7% due to high valuations and tightening liquidity [4] Trade and Geopolitical Risks - The U.S. increased tariffs on steel and aluminum imports from 25% to 50%, impacting exports in the automotive and appliance sectors, prompting a response from China urging the U.S. to cease misuse of national security concepts [5] - The Middle East situation escalated with Houthi attacks on Israeli airports, leading to rising oil prices and increased demand for gold as a safe haven [8] - The ongoing Russia-Ukraine conflict continues to pose challenges for the global energy market, with statements indicating difficulties in achieving a ceasefire [9] Industry Developments - The National Data Bureau is establishing 10 national data element comprehensive pilot zones to support big data and AI infrastructure, benefiting related stocks [10] - The restructuring of automotive state-owned enterprises is underway, with the Equipment Group's automotive business becoming an independent entity, expected to enhance competitiveness over a 3-5 year transition period [10] - The initiation of virtual power plant trials by the National Energy Administration aims to support distributed solar and energy storage, with a procurement budget of 50 billion yuan [10] Market Sentiment and Risks - A trading volume below 1.2 trillion yuan may lead to a pullback in technology stocks, with several companies announcing share reductions, putting pressure on thematic stocks [11] - External factors such as stronger-than-expected non-farm payroll data could dampen market sentiment, alongside ongoing trade negotiations between the U.S. and Europe [12] - The intensifying competition within the new energy vehicle supply chain may lead to disappointing earnings for some companies, while rare earth supply shortages could impact the global automotive industry [13]