Di Yi Cai Jing·2025-09-21 23:35Market Overview - The US stock market indices closed higher, reaching new historical highs, with the Dow Jones up 0.37%, S&P 500 up 0.49%, and Nasdaq up 0.72% [4] - Major technology stocks saw significant gains, with Oracle rising over 4%, Apple over 3%, and Tesla over 2% [4] - The S&P 500 technology sector increased by 1.19% [4] - The Nasdaq China Golden Dragon Index fell by 0.25%, with Pinduoduo down over 2% and Alibaba up 0.20% [4] Commodity Prices - International oil prices declined, with WTI crude oil futures settling at $62.4 per barrel, down 1.36%, and Brent crude oil futures at $66.04 per barrel, down 1.32% [4] - COMEX gold futures rose by $27.50, or 0.75%, to $3705.8 per ounce [4] Corporate Actions - Berkshire Hathaway has reportedly liquidated its entire stake in BYD, with the investment valued at $0.0 as of March 31 [8] - Huawei has launched the "Tian Gong Plan," committing 1 billion yuan to support the HarmonyOS AI ecosystem innovation [9] - Chengdu Kuai Gou is under investigation by the State Administration for Market Regulation for potential violations of e-commerce laws [10] - Baiguoyuan Group plans to issue new H-shares at a discount of 19.31%, aiming to raise approximately 325 million HKD [11] - Tianpu Co. has experienced a continuous 13-day stock price increase, raising significant trading risks [12] - Zhenlei Technology's chairman has been placed under detention, but the company's operations remain unaffected [13] - *ST Gaohong has seen its stock price fall below 1 yuan for 15 consecutive trading days, risking delisting [14] - Sunflower plans to acquire 100% of high-end semiconductor materials company Xipu Materials [15] - Jindi Co. intends to acquire a controlling stake in Uniprecise Co. [16] Industry Insights - The market may face profit-taking pressure in the short term, with the Shanghai Composite Index's valuation at a relatively high level since 2010 [17] - The A-share market is expected to operate in a "slow bull" manner under the guidance of policies aimed at stabilizing the stock market [17] - The industry selection framework remains focused on resources, new production capabilities, and globalization of Chinese manufacturing leaders [17]