国元证券晨会纪要-20260226

Core Insights - The report highlights the significant increase in the demand for computing power, as evidenced by Nvidia's strong Q4 financial results, indicating a persistent hunger for computational resources [3] - The report notes a notable rise in South Korea's birth rate for two consecutive years, with the total fertility rate increasing to 0.8, which may have implications for future labor market dynamics [3] - The Bank of Thailand unexpectedly lowered its key interest rate by 25 basis points to 1%, reflecting a shift in monetary policy that could influence economic growth [3] Economic Data - The Baltic Dry Index closed at 2129.00, up by 0.80%, indicating a positive trend in shipping costs [4] - The Nasdaq Index rose by 1.26% to close at 23152.08, while the Dow Jones Industrial Average increased by 0.63% to 49482.15, suggesting a bullish sentiment in the U.S. equity markets [4] - The ICE Brent crude oil price was reported at 70.97, up by 0.28%, reflecting stability in oil prices [4] - The USD/CNY exchange rate was noted at 6.87, a decrease of 0.26%, indicating a strengthening of the yuan against the dollar [4] Market Indices - The Hang Seng Index closed at 26765.72, up by 0.66%, while the Hang Seng China Enterprises Index increased by 0.30% to 9034.75, showing resilience in the Hong Kong market [4] - The Shanghai Composite Index rose by 0.72% to 4147.23, and the Shenzhen Composite Index increased by 1.21% to 2746.26, indicating positive market performance in mainland China [4]