【国信电子胡剑团队|0105周观点】假期海外科技市场表现强势，电子有望迎来开门红

Core Viewpoint - The overseas technology market performed strongly during the holiday period, indicating that the electronics sector is likely to have a positive start to the year [3]. Market Performance - In the past week, the Shanghai Composite Index rose by 0.13%, while the electronics sector saw a slight decline of 0.16%. Among sub-industries, optical electronics increased by 1.19%, while other electronics fell by 2.91% [3]. - The Hang Seng Tech Index, Philadelphia Semiconductor Index, and Taiwan Information Technology Index rose by 4.31%, 2.22%, and 4.54%, respectively [3]. Price Trends and Demand - Driven by increased demand from AI, prices for upstream electronic components are rising, with significant supply shortages in the storage and high-end PCB industries [3]. - Recent expectations of price increases have emerged in various segments, including wafer foundries, analog chips, passive components, and LCDs [3]. - The terminal level has begun to pass on price increases to consumers, leading to a moderate recovery in industry profitability [3]. Stock Performance - During the holiday period, U.S. stocks in the storage sector and Hong Kong semiconductor stocks performed strongly [3].