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格林大华期货早盘提示-20250923
Ge Lin Qi Huo·2025-09-22 23:31

Report Industry Investment Rating - The macro and financial sector of the global economy is rated as "Bullish" [1] Core View - The global economy maintains an upward trend, with China implementing the "Artificial Intelligence +" initiative, international capital actively increasing positions in China's technology sector, the US retail and manufacturing showing positive trends, the euro - zone manufacturing PMI breaking above the boom - bust line, and the global AI infrastructure accelerating [1] Summary by Related Catalogs Important Information - From a global perspective, Luobomei is more optimistic about non - US equity markets, especially China, Japan, and Europe. The weakening of the US dollar is expected to promote global capital re - balancing, and the demand for foreign capital to flow back to A - shares and Hong Kong stocks is expected to significantly increase [1] - A Goldman Sachs trader believes that the market is entering a liquidity - driven speculative stage, similar to the situation in 1999 in the US stock market, with the investment logic shifting from fundamentals to liquidity, market positions, and price trends [1] - Hong Kong - related ETFs have become the core carriers of capital inflows, with many products showing high scale and high net capital inflows. As of September 19, the latest scale of E Fund Hang Seng Tech ETF exceeded 20 billion yuan, reaching 20.45 billion yuan [1] - Huaxi Securities believes that Huawei has achieved TB - level ultra - large bandwidth through multi - port aggregation and high - sealing technology. The inter - connection bandwidth of Atlas 950 reaches 16.3PB/s, 62 times that of NVIDIA NVL144, and has achieved a 24% improvement in latency [1] - Samsung has significantly raised the prices of memory and flash products, with DRAM products increasing by up to 30% and NAND flash prices rising by 5 - 10%. Micron and SanDisk have also announced similar price increases [1] - Morgan Stanley says the humanoid robot industry is at a critical turning point, with the global market expected to reach $5 trillion by 2050. China leads the world in commercial orders, with a cumulative order amount of 975 million yuan, and Tesla Optimus V3 has become a global focus [1] Global Economic Logic - China implements the "Artificial Intelligence +" initiative, and international capital actively increases positions in China's technology sector. The US retail in August increased by 0.6% month - on - month, exceeding expectations. The US capital goods imports in July reached $95.8 billion, a new record. The euro - zone manufacturing PMI in August broke above the boom - bust line for the first time since June 2022. Huawei announced the evolution and goals of Ascend chips, and the global AI infrastructure is accelerating [1]