Cambricon(SH:688256) Sou Hu Cai Jing·2025-12-04 09:03Market Overview - The trading volume has dropped to 1.56 trillion, marking a new low since September, with 26 stocks hitting the daily limit down [1] - The market sentiment is currently subdued, with funds remaining inactive, deviating from the usual trend of small-cap stocks being sold off in the latter half of the month [1] Key Events and Predictions - The upcoming listing of Moer Technology and the recent news from Cambricon are expected to boost technology stock sentiment [3] - The Federal Reserve is likely to lower interest rates by 25 basis points in December, with a probability close to 90% according to CME "FedWatch" [4] Employment Data - The ADP employment report indicates a decrease of 32,000 private sector jobs in November, the largest drop since March 2023, significantly below the market expectation of an increase of 10,000 jobs [4] Currency Movements - The US dollar index has weakened, falling below the 99 mark, while the offshore RMB has appreciated to 7.06 [6] Robotics Sector Developments - The US Commerce Secretary is actively engaging with CEOs in the robotics industry to promote its development, with potential executive orders expected next year [7] - Following this news, the US robotics sector saw significant gains, with Nauticus Robotics surging over 135% and iRobot rising nearly 80% [7] Stock Performance - Notable stocks in the robotics sector include: - Gokong Technology: 40.58, up 19.99% YTD - Double Ring Transmission: 41.02, up 6.13% YTD - Other stocks also showed strong performance, reflecting the positive sentiment in the robotics industry [8] Industry Trends - The mechanical equipment, electronics, defense, and communication sectors are leading the market, while sectors like beauty care, social services, and retail are lagging [11] - The long-term bond futures have experienced a significant decline, with the 30-year contract dropping 1.04% [12]