农银国际证券：每天导读-20241118

Core Insights - The report highlights a significant decline in major stock indices in Hong Kong, with the Hang Seng Index closing at 20,538.38, down 2.23% for the day and 0.77% over the past five days [3] - The report notes that the U.S. stock market saw gains across major indices, particularly the Dow Jones, which rose by 3.57% [10] - Concerns regarding U.S.-China relations are impacting market performance, particularly in Hong Kong and mainland China, where indices have also seen declines [10] Economic Indicators - The report provides various economic indicators, including a 10.8% decrease in the U.S. MBA mortgage application index for the week ending November 1 [10] - In Germany, factory orders increased by 4.2% month-on-month in September, surpassing the market expectation of 1.5% [10] - China's passenger car retail market saw a year-on-year growth of 16% in October, with total sales reaching 2.361 million units [23] Currency and Commodity Markets - The offshore RMB experienced its largest decline in over five years, with the USD/CNY rate rising to 7.2096 [21] - Crude oil prices slightly increased to $71.73 per barrel, while gold prices fell to $2,671.00 per ounce [3] - The report indicates a mixed performance in commodity indices, with the CRB commodity futures price index down by 0.78% [3] Corporate Developments - Trina Solar, a major Chinese renewable energy company, agreed to sell its U.S. solar manufacturing business for $340 million amid increased scrutiny from the U.S. on Chinese companies benefiting from clean energy tax incentives [27] - Stellantis announced a layoff of approximately 1,100 employees at its Jeep plant in Toledo, Ohio, due to excess inventory and declining sales [30] - ByteDance's TikTok Technology Canada was ordered to close by the Canadian government due to national security concerns [28]