农银国际证券：每天导读-20250213

Core Insights - The report highlights a mixed performance in the US stock market, with the Dow Jones and S&P 500 indices declining while the Nasdaq saw a slight increase, indicating market divergence due to inflation data exceeding expectations and reduced rate cut forecasts [7][10] - In the Hong Kong market, all major indices rose, particularly the Hang Seng Index, driven by factors such as Vanke receiving financial support and Apple's collaboration with Tongyi Qianwen on artificial intelligence [7][10] - The report notes a significant increase in real estate transactions in China during the Spring Festival, with a 134% year-on-year growth in first-tier cities, signaling a potential stabilization in the property market [10] Economic Data Summary - The US Consumer Price Index (CPI) for January showed a month-on-month increase of 0.5%, surpassing the market expectation of 0.3%, while the core CPI (excluding food and energy) rose by 0.4% [8][10] - Japan's Producer Price Index (PPI) for January increased by 4.2% year-on-year, slightly above the expected 4.0% [8][10] Corporate News Summary - Temu and Shein experienced a decline in US sales following the cancellation of small package tariff exemptions, with Shein's sales dropping by 16% to 41% and Temu's by up to 32% [10] - Apple is reportedly planning to expand its TV+ streaming service to Android devices, marking a rare move to offer services on a competitor's platform [10] - Chevron plans to reduce its global workforce by 15% to 20%, potentially affecting up to 9,000 employees, as part of a cost-cutting strategy [10] - The Chinese government is preparing a plan to assist Vanke in addressing a funding gap of 50 billion yuan (approximately 6.8 billion USD) [10]