国新证券股份：每日晨报-20250118

Domestic Market Overview - The domestic market experienced a slight increase with the Shanghai Composite Index closing at 3236.03 points, up by 0.28%, and the Shenzhen Component Index closing at 10101.1 points, up by 0.41% [1][5][9] - A total of 25 out of 30 sectors in the CITIC first-level industry saw gains, with telecommunications, non-ferrous metals, and retail trade leading the increases, while food and beverage, electronics, and defense industries faced declines [1][5][9] - The total trading volume in the two markets reached 1.293 trillion yuan, showing a slight increase compared to the previous day [1][5][9] Overseas Market Overview - The three major U.S. stock indices collectively declined, with the Nasdaq down by 0.89%, the S&P 500 down by 0.21%, and the Dow Jones down by 0.16% [2][5] - Major technology stocks fell significantly, with Apple dropping over 4%, Tesla over 3%, and Nvidia over 1% [2][5] - The Nasdaq China Golden Dragon Index rose by 0.22% [2][5] Key News Highlights - The domestic chip industry is facing pressure from low-priced imports of mature process chips from the U.S., prompting concerns about unfair competition [12][6] - The Ministry of Commerce announced adjustments to the export control list for dual-use items based on actual conditions [13][6] - A national tax work conference emphasized the implementation of structural tax reduction policies to stimulate consumption and expand domestic demand [14][6] - Reports indicate that Vanke may face restructuring as a related working group has fully intervened in the company [15][6]