深夜，中国资产爆发

Core Viewpoint - The article discusses the recent performance of U.S. stock indices, economic data, and the outlook for Chinese stocks, highlighting a potential shift in investment sentiment towards the Chinese market. Group 1: U.S. Stock Market Performance - On December 4, U.S. stock indices opened higher but experienced fluctuations, with the Dow Jones Industrial Average up by 0.04%, the S&P 500 down by 0.01%, and the Nasdaq down by 0.1% [1][2]. - The Dow Jones Industrial Average was at 47,899.83, with a slight increase of 16.93 points [2]. Group 2: Economic Data - Initial jobless claims in the U.S. fell to 191,000, the lowest level since September 2022, with a decrease of 27,000 from the previous week, surpassing the forecast of 220,000 [3]. - The market's expectation for a Federal Reserve interest rate cut next week is at 87%, down slightly from 90% [3]. Group 3: Company-Specific News - Meta's CEO Mark Zuckerberg plans to significantly reduce resources allocated to the metaverse business, with potential budget cuts of up to 30% [5]. - Meta's stock initially rose over 5% but later settled at around a 4% increase [3]. Group 4: Chinese Stock Market Outlook - The Nasdaq Golden Dragon China Index showed strength, initially rising nearly 0.8% before stabilizing at around a 0.4% increase [5]. - Several Chinese stocks, including Youdao, Zhengye Technology, and others, saw significant gains, with Youdao rising over 13% [5]. - Foreign institutions, including Morgan Stanley and JPMorgan, have a positive outlook on Chinese stocks for 2026, with expectations of moderate earnings growth and attractive entry points due to recent market corrections [7][8].