Nvidia(US:NVDA) Guoxin Securities Hongkong·2025-12-09 09:14Market Overview - The Hang Seng Index closed at 25,765, down 1.23% for the day and up 28.44% year-to-date[3] - The Hang Seng Technology Index remained flat at 5,663, with a year-to-date increase of 26.73%[3] - The Shanghai Composite Index rose by 0.54% to 3,924, with a year-to-date gain of 17.08%[3] - The S&P 500 Index fell by 0.35% to 6,847, with a year-to-date increase of 16.40%[3] Sector Performance - Semiconductor stocks continued to perform strongly, with ChipMOS Technologies rising over 8% and Hua Hong Semiconductor increasing over 4%[9] - Chinese brokerage stocks collectively rose, with Huatai Securities up over 5% following regulatory easing signals[9] - Lithium battery stocks saw gains, with Ganfeng Lithium rising nearly 7%[9] - New consumption concept stocks faced declines, with Pop Mart dropping over 8%[9] Economic Indicators - Global semiconductor sales surged 33% year-on-year to $71.3 billion in October, with DRAM sales up 90%[9] - Japan's GDP contracted by 0.6% quarter-on-quarter, with a year-on-year decline of 2.3%[13] - U.S. consumer inflation expectations remained stable, with a survey indicating a worsening financial outlook for many respondents[13]