Group 1 - The announcement by Trump to open exports of the H200 chip to China signifies a thaw in US-China relations, following the recent strategic shift towards balancing economic relations [2] - The H200 chip, while not the latest model, is still superior to many domestic chips, indicating a positive development for China's AI sector and potential revenue for the company in the Greater China region [3][4] - The current market dynamics are influenced by liquidity concerns, with upcoming Federal Reserve and Bank of Japan meetings expected to impact interest rate expectations [5] Group 2 - Recent performance of gold and non-ferrous metals has been lackluster, potentially linked to new public fund regulations that incentivize fund managers to outperform benchmarks [7] - A significant portion of active equity funds are underperforming their benchmarks, leading to potential salary adjustments for fund managers, which may influence market behavior [7] - The short-term trend for the Shenzhen Index indicates a bullish outlook, with recent adjustments viewed as normal, suggesting potential for further upward movement [9]
全球普跌，A股未能独善其身
Sou Hu Cai Jing·2025-12-09 12:50