深夜，中概股暴涨！

Market Overview - On January 2, US stock indices opened higher, with the Dow Jones up 0.19%, S&P 500 up 0.58%, and Nasdaq up 1.03% [1] - The Philadelphia Semiconductor Index surged over 3.5%, with ASML rising over 7%, Micron Technology up nearly 6%, and AMD increasing over 4% [2] Tesla Performance - Tesla reported fourth-quarter deliveries of 418,227 vehicles, a year-on-year decrease of 16%, against an estimate of 440,907 vehicles; production for the quarter was 434,358 vehicles, down 5.5% year-on-year, with an estimate of 470,780 vehicles [2] - For the entire year, Tesla's delivery volume was 1.64 million vehicles, a decrease of 8.6% year-on-year, compared to an estimate of 1.6 million vehicles [2] Chinese Stocks Performance - Chinese stocks saw significant gains, with the Nasdaq Golden Dragon China Index soaring 4%; notable increases included Baidu up 11.35%, Futu Holdings up 6.84%, and Alibaba up 4.55% [2] Hong Kong Market - The Hang Seng Tech Index rose 4% by the end of the trading day, while the Hang Seng Index increased by 2.76%, with sectors like electric equipment, domestic retail, gaming software, semiconductors, and military industry leading the gains [4] A-Share Market Outlook - Predictions for the A-share market indicate a strong performance in 2025, with expectations for continued rebound into 2026 driven by improving corporate profits, technological innovations, and attractive valuations [4] - The Chief Investment Officer of China Merchants Fund highlighted four main investment opportunities: globally competitive manufacturing leaders, industry leaders with improving supply-demand dynamics, undervalued sectors with potential for significant fundamental changes, and industry leaders with high long-term returns but mismatched valuations [4] Goldman Sachs Forecast - Goldman Sachs forecasts a 38% upside for the Chinese stock market by the end of 2027, asserting that the Chinese market is investable [4] - The report identifies key uncertainties that could disrupt the upward trend, including global recession risks, AI-related market volatility, US-China relations, domestic policy changes, and inflation trends [4]