每天导读-2025-03-20

Investment Rating - The report does not explicitly provide an investment rating for the industry or specific companies [2]. Core Insights - The U.S. Federal Reserve maintained its benchmark interest rate, indicating concerns over economic growth slowing while inflation remains high [9]. - European inflation rates have been revised down, providing the European Central Bank with reasons to consider further rate cuts [9]. - The Chinese government is taking measures to stabilize the real estate market and enhance food safety regulations [9]. Economic Data Summary - Eurozone CPI year-on-year final value for February was 2.3%, slightly below the market expectation of 2.4% [7]. - Japan's capacity utilization month-on-month for January was reported at 4.5%, a significant increase from the previous -0.2% [7]. - The U.S. is expected to release weekly unemployment claims data, which could impact market sentiment [6]. Market Performance Summary - The Hang Seng Index closed at 24,771.14, with a slight increase of 0.12% [2]. - The H-share index closed at 9,163.67, showing a decrease of 0.15% [2]. - The Shanghai Composite Index experienced a downward trend, reflecting a broader market adjustment [6]. Corporate News Summary - Tencent Holdings reported its fastest revenue growth in over a year, driven by popular gaming titles, with revenue reaching 172.5 billion RMB (approximately 23.8 billion USD) [9]. - NVIDIA's CEO stated that concerns regarding the DeepSeek AI model requiring fewer chips are misplaced, emphasizing the need for more computational power [9]. - Intel's stock fell by 6% amid reports of potential collaboration with TSMC, which was denied by TSMC's board [9].