越秀证券每日晨报-20260116

Market Performance - The Hang Seng Index closed at 26,923, down 0.28% with a year-to-date increase of 5.05% [1] - The Hang Seng Tech Index closed at 5,828, down 1.35% with a year-to-date increase of 5.66% [1] - The CSI 300 Index closed at 4,751, up 0.20% with a year-to-date increase of 2.62% [1] - The S&P 500 Index closed at 6,944, up 0.26% with a year-to-date increase of 1.45% [1] Currency and Commodity Trends - The Renminbi Index is at 98.540, up 0.91% month-on-month and 3.40% over six months [2] - Brent crude oil is priced at $64.320 per barrel, up 6.67% month-on-month but down 2.91% over six months [2] - Gold is priced at $4,608.91 per ounce, up 7.06% month-on-month and 38.64% over six months [2] Economic Indicators - China's M2 money supply grew by 8.5% year-on-year in December, exceeding the previous rate of 8% [4][9] - New Renminbi loans in China for the year totaled 16.27 trillion, surpassing the market expectation of 16.1617 trillion [11] - The People's Bank of China conducted a net injection of 6 trillion Renminbi in open market operations last year [12] Company Highlights - TSMC reported a 35% increase in net profit for Q4, reaching 505.7 billion NTD (approximately $16.01 billion), exceeding market expectations [15] - The U.S. imposed a 25% tariff on certain imported AI chips, with exemptions for data center applications [16][17] Sector Performance - The semiconductor sector showed strong performance, driven by TSMC's robust earnings and demand for AI-related semiconductors [6] - The real estate sector in Hong Kong saw positive movement, with companies like Longfor and New World Properties increasing by nearly 2% [5] IPO and Market Activity - Recent IPOs include companies like Hongxing Cold Chain and Zhaoyi Innovation, with significant first-day performance [31] - The upcoming IPO of Longqi Technology in the smartphone sector is set for January 22, 2026 [31]