BABA(US:BABA) 21世纪经济报道·2025-12-10 15:58Core Viewpoint - The article discusses the current state of the U.S. stock market, particularly focusing on the performance of major tech stocks, the rise of Chinese concept stocks, and the anticipated interest rate decision by the Federal Reserve, which is expected to result in a rate cut. Group 1: U.S. Stock Market Performance - The U.S. stock market opened slightly lower with mixed results among major indices, while Chinese concept stocks showed strength late at night [1] - The tech giants in the U.S. had mixed performances, with Amazon, Google, and Apple seeing gains, while Microsoft dropped nearly 2.3% and Intel fell close to 4% during the session [2][3] Group 2: Chinese Concept Stocks - The Nasdaq Golden Dragon China Index saw an increase, with notable gains from stocks such as Huya (up nearly 6%), Dingdong Maicai, and Canadian Solar (both up over 4%) [2][3] - Alibaba's stock experienced a significant pre-market surge, reportedly due to Meta utilizing Alibaba's Qianwen to optimize its latest AI model [2] Group 3: Foreign Investment in Chinese Assets - Foreign institutional interest in Chinese assets is reportedly increasing, with JPMorgan forecasting an 18% rise in the MSCI China Index by the end of 2026, supported by stable global economic growth and improved corporate earnings [4] - HSBC Private Banking predicts that the Hang Seng Index could rise to 31,000 points by the end of 2026, representing a potential increase of about 21% from its latest closing level [4] Group 4: Oil Market Outlook - International oil prices experienced a sharp decline, with WTI and ICE Brent crude both dropping approximately 0.6%, marking a year-to-date decline of over 17% [5] - Major investment banks predict that Brent crude could fall to around $59 per barrel by 2026, with a projected daily supply surplus of about 2.2 million barrels due to production growth outpacing demand [5] Group 5: Federal Reserve Interest Rate Decision - The Federal Reserve is expected to announce a 25 basis point rate cut, with a probability of 87.6%, while the likelihood of maintaining the current rate stands at 12.4% [9] - Market participants are more focused on the statements and tone of Fed Chair Jerome Powell following the rate decision, as it will indicate the future direction of monetary policy [10]