环球市场动态

Global Market Dynamics - The report indicates that US tech stocks have significantly adjusted since July, with the Nasdaq index dropping nearly 9% from its July peak due to profit-taking, election uncertainties, and concerns over AI technology advancements and capital expenditures [2] - Despite the adjustments, there is optimism that US tech stocks will regain momentum, particularly as AI infrastructure investments remain high and the potential for further growth in the AI computing industry is recognized [2][8] - The report suggests that the Chinese tech sector has recognized opportunities in the AI computing supply chain, and it recommends focusing on undervalued data industry investments [2] Stock Market Overview - Global stock markets showed signs of recovery, with significant rebounds in the Japanese market, which rose over 10%, and gains in South Korea and Taiwan [3][16] - The US stock market ended a three-day decline, with all three major indices closing higher, indicating a potential shift in investor sentiment [6][9] Sector and Individual Stock Insights - The report highlights that after the recent adjustments in US tech stocks, new investment opportunities have emerged, particularly in companies like Nvidia, Tesla, Meta, Amazon, Alphabet, and Microsoft, which are expected to maintain stable revenue and capital expenditures [8] - Pinduoduo is projected to achieve strong performance with a forecasted revenue growth of 89% year-on-year in Q2 2024, driven by robust growth in global active users and improved monetization rates [8][11] - The report emphasizes the potential for the humanoid robot sector, with advancements in technology and production expected to ramp up in 2024, suggesting investment opportunities in related companies [14] Fixed Income Market - The report notes a decrease in demand for US Treasury bonds as stock markets recover, leading to a rise in bond yields, with the 10-year Treasury yield reported at 3.89% [21] - Asian investment-grade markets are showing improved sentiment, with spreads narrowing, particularly in China and Hong Kong [21] Currency and Commodity Insights - The report mentions a slight rebound in the US dollar index and a minor recovery in oil prices, with WTI crude oil trading at $73.20 per barrel [19][20] - The outlook for global oil consumption has been downgraded due to concerns over the Chinese economy, impacting overall market sentiment [19]