越秀证券每日晨报-20260327

Market Performance - The Hang Seng Index closed at 24,856, down 1.89% for the day and down 3.02% year-to-date [1] - The Hang Seng Tech Index fell by 3.28% to 4,761, marking a year-to-date decline of 13.68% [1] - The Shanghai Composite Index decreased by 1.09% to 3,889, with a year-to-date drop of 2.01% [1] - The Dow Jones Index closed at 45,960, down 1% for the day and down 4.38% year-to-date [1] Currency Performance - The Renminbi Index increased by 2.83% over the past month and 4.38% over the past six months, reaching 100.580 [2] - The US Dollar Index rose by 1.89% month-on-month and 1.52% over six months, standing at 99.642 [2] - The exchange rate for Renminbi to USD is 0.145, showing a monthly increase of 0.89% but a decline of 3.20% over six months [2] Commodity Performance - Brent crude oil prices surged by 49.35% over the past month, reaching $105.800 per barrel, and increased by 56.35% over six months [3] - Gold prices fell by 14.34% over the past month, priced at $4,441.68 per ounce, but rose by 18.13% over six months [3] - Silver prices dropped by 22.62% in the last month, now at $68.334 per ounce, while increasing by 48.28% over six months [3] Company News - Google launched a compression algorithm called TurboQuant, claiming to achieve approximately six times memory savings for AI systems [11] - The Mandatory Provident Fund (MPF) reported a negative investment return of 6.33% for March, resulting in an estimated loss of HKD 1,033 billion, equivalent to HKD 21,542 per member [12] - Hong Kong Electric announced a reduction in fuel adjustment fees from HKD 0.34 to HKD 0.304 per kWh for April, with expectations of significant increases later in the year due to rising fuel costs [13][14] Industry Insights - The China Passenger Car Market Information Joint Conference reported a 17% year-on-year decline in retail sales of new energy vehicles for the first three weeks of March, despite a 66% month-on-month increase [16] - The Hong Kong Trade Development Council maintains a positive but cautious outlook on trade prospects, noting a 24.7% year-on-year increase in export value for February 2026 [17]