近期，国内车市迎来政策与金融双轮驱动的消费热潮。商务部以旧换新新政、各地"乐购新春"促消费活 动叠加车企花式优惠，让汽车成为新年货的热门选择。中国证券报记者实地探访全国多地汽车线下门店 发现，新能源品牌与豪华燃油品牌客流旺盛，其中宝马、奔驰、岚图、理想、零跑和华为授权体验店等 门店购车人群扎堆，"BBA"品牌降价力度空前。 值得一提的是，记者走访发现，目前购车金融政策正取代直接降价成为车企促销主流方式，超20家车企 推出七年甚至更长的超长低息贷。不过需要指出的是，车市也呈现出消费升级与观望情绪并存的特征， 中国汽车流通协会乘用车市场信息联席分会（简称"乘联分会"）预计，节后新能源车市将进入短暂调整 期。 ● 本报记者 龚梦泽 线下门店热度升温 春节前夕及假期期间，记者先后走访上海、武汉、北京等多地汽车门店，从新能源品牌体验店到豪华品 牌4S店，不同品牌的线下销售表现呈现鲜明差异，这种差异的背后，是消费者购车需求从刚需向品质 化和个性化转变。 在上海闵行区智己汽车门店内，选车咨询的消费者络绎不绝，销售人员不停向客户介绍优惠政策："目 前购买智己LS6、LS9、L6，可享受7年0首付、3年0息金融方案。增程车型还 ...

Group 1 - The global financial market witnessed a rare event where both gold and the US dollar, traditionally seen as safe havens, experienced a significant decline simultaneously [1][3] - The stock market, particularly the semiconductor and memory chip sectors, saw remarkable gains, indicating a shift in market dynamics [1][3] Group 2 - International gold prices experienced a notable pullback after four consecutive days of increase, closing at approximately $5183 per ounce, with a peak of $5248.89 earlier in the day [2][11] - The US dollar index fell by 0.26% to close at 97.67, despite a brief attempt to recover during the trading session [3][11] - The simultaneous decline of gold and the dollar suggests a significant outflow of funds from these traditional safe havens into the stock market [3][11] Group 3 - The US stock market indices, including the Nasdaq, S&P 500, and Dow Jones, all closed higher, with the Nasdaq rising by 1.26% and the S&P 500 by 0.81% [3][11] - The semiconductor and memory chip sectors were particularly strong, with Western Digital and Seagate Technology seeing gains of 7.53% and 6.52% respectively, driven by strong demand from AI clients [5][11] - Other technology stocks also performed well, with notable increases in companies like Microsoft, Meta, and Nvidia, reflecting a concentrated preference for tech growth stocks [6][11] Group 4 - European stock markets also showed strong performance, with indices such as the FTSE 100 and DAX reaching new highs, supported by corporate earnings and a rotation of funds from high-valued US tech stocks [10][12] - The lithium sector experienced a surge due to supply concerns following Zimbabwe's announcement to suspend lithium exports, with Sigma Lithium's stock soaring by over 31% [7][12] Group 5 - The overall market sentiment indicates a shift towards technology and resource sectors, with rapid fund movement away from traditional or less popular sectors [7][12] - The strong performance of the semiconductor sector is underpinned by expectations of rising memory chip prices throughout 2026, as indicated by SK Hynix's forecast [5][6]

当天上午9点04分，富时中国A50指数期货在夜盘收涨0.3%的基础上低开，但很快转为上涨0.26%。这看起来是一个平静的开局。然而，开盘后不到一个小 时，情况急转直下。到了上午10点10分左右，A50期指盘中跌幅已经超过1%。从上涨0.52%到下跌1.13%，它在短时间内完成了一次幅度接近1.8%的跳水。 而且，这次跳水发生的时间点非常精准，几乎与港股市场开盘后的走势同步。 更让人困惑的是，即使后来A股大盘一度翻红，A50期指依然没有拉回来。盘中大多数时间，它都在下跌0.90%左右震荡。从更长的周期来看，这个代表中 国核心资产的期指已经持续下跌了近两个月。据市场数据显示，其价格从15670点附近一路下滑至14664点，累计跌幅达到6.5%。这种持续的阴跌，让很多 通过它来观察A股前景的投资者感到不安。 几乎在同一时间，香港股市上演了更加惨烈的一幕。恒生指数在上午开盘时还上涨了1.05%，国企指数上涨0.53%，恒生科技指数上涨0.52%。但这仅仅是昙 花一现。开盘价成了全天的最高点，随后指数一路向下，几乎没有任何像样的反弹。收盘时，恒生指数报26381.02点，下跌384.7点，跌幅1.44%；国企指数 下跌 ...

近期，车企"造人"的消息集中出现。 慧仑科技的经营范围包括服务消费机器人销售、制造，特殊作业机器人制造，工业机器人销售、制造，智能机器人研发、销售。 广汽集团表示，慧仑科技将专注于具身智能机器人的研发、生产、销售与服务，深耕核心技术领域，致力于打造兼具技术领先性与场景实用性的机器人产 品。 2月26日晚间，广汽集团宣布孵化成立广东慧仑科技有限公司（以下简称慧仑科技），从而开启机器人产业独立发展、规模化突破的新阶段。 在2月25日召开的广州市高质量发展大会上，小鹏人形机器人全链条量产基地作为天河区重点"开门红"项目正式提报。 【导读】车企"造人"消息涌现，广汽、小鹏均迎来重大进展 图为广汽集团第四代具身智能人形机器人GoMate Mini 一位在车企负责机器人业务的人士向中国基金报记者表示，人形机器人行业面临两大核心挑战，即高质量训练数据不足、规模化量产难度高。 广汽具身智能赛道核心载体独立运作 广汽集团表示，作为广汽集团布局具身智能赛道的核心载体，慧仑科技将以独立主体的身份开展市场化运营，全面承接广汽集团在具身智能赛道的业务。 天眼查显示，慧仑科技成立于2026年2月12日，注册资本为8302万元，其第一大股 ...

【导读】车企"造人"消息涌现，广汽、小鹏均迎来重大进展 中国基金报记者 邱德坤 近期，车企"造人"的消息集中出现。 2月26日晚间，广汽集团宣布孵化成立广东慧仑科技有限公司（以下简称慧仑科技），从而开启机器人产业独立发展、规模化突破的新阶段。 图为广汽集团第四代具身智能人形机器人GoMate Mini 在2月25日召开的广州市高质量发展大会上，小鹏人形机器人全链条量产基地作为天河区重点"开门红"项目正式提报。 一位在车企负责机器人业务的人士向中国基金报记者表示，人形机器人行业面临两大核心挑战，即高质 量训练数据不足、规模化量产难度高。 广汽具身智能赛道核心载体独立运作 广汽集团表示，作为广汽集团布局具身智能赛道的核心载体，慧仑科技将以独立主体的身份开展市场化运营，全面承接广汽集团在具身智能赛道的业务。 天眼查显示，慧仑科技成立于2026年2月12日，注册资本为8302万元，其第一大股东广汽集团的持股比例为49.3879%。 慧仑科技的经营范围包括服务消费机器人销售、制造，特殊作业机器人制造，工业机器人销售、制造，智能机器人研发、销售。 广汽集团表示，慧仑科技将专注于具身智能机器人的研发、生产、销售与服务，深耕 ...

Group 1: Nvidia Financial Performance - Nvidia's Q4 revenue reached $68.1 billion, representing a 20% quarter-over-quarter increase and a 73% year-over-year increase [1] - For the fiscal year 2026, Nvidia's total revenue is projected to be $215.9 billion, a 65% year-over-year growth [1] - The GAAP and non-GAAP gross margins for Q4 were 75.0% and 75.2%, respectively, while for the entire fiscal year 2026, they are expected to be 71.1% and 71.3% [1] - The diluted earnings per share (EPS) for Q4 were $1.76 (GAAP) and $1.62 (non-GAAP), with full-year EPS for 2026 projected at $4.90 (GAAP) and $4.77 (non-GAAP) [1] - Nvidia returned $41.1 billion to shareholders through stock buybacks and cash dividends during the fiscal year 2026, with $58.5 billion in stock buyback capacity remaining as of the end of Q4 [1] Group 2: Indian Market Regulation - India's market regulator has allowed actively managed equity funds, totaling $384 billion, to allocate more funds to gold and silver, enhancing flexibility amid rising global demand for hard assets [3] - According to the revised rules by the Securities and Exchange Board of India (SEBI), equity funds can invest up to 35% of their remaining assets in gold, silver, and infrastructure investment trusts (InvITs) [3] - This regulatory change is expected to create new demand sources for gold and silver, attracting strong investor interest during the current bullish market [3] Group 3: A-Share Market Performance - The Shenzhen Composite Index rose by 0.28% in the morning session, while the Shanghai Composite Index fell by 0.08% [4] - The total trading volume in the Shanghai and Shenzhen markets reached 1.6498 trillion yuan, an increase of 117.6 billion yuan compared to the previous day [4] - AI hardware stocks, including CPO, liquid cooling servers, and PCB, saw significant gains following Nvidia's positive earnings report, with several stocks reaching historical highs [4]

2月26日，热门中概股美股盘前全线下跌，截至发稿，携程集团、哔哩哔哩、理想汽车、贝壳跌超4%； | 152.280 -0.830 -0.54% | | | | | 阿佳哲学 立即 | | --- | --- | --- | --- | --- | --- | | | | | | | BARA 公易 | | NYSE USD 20:04:00 | | | | | ADR / 0 + | | 港(9988) 143.000(-3.57%) H/U:-3.97% | | | रेस | 3.89% 120日 11.60% | | | 盘前价 | 147.500 涨幅 ** | -3.14% | 5日 | -2.24% 250日 | 11.34% | | 涨跌 | -4.780 盘前量 | 2.08万 | 20日 | -11.83% 52周高 | 192.67 | | 152.210 | | 100 | 60日 | -3.38% 52周低 | 94.14 | | - | 151.980 | 100 | | 2024 | 2025 2026H1 | | 132.650 -0.980 -0.73% | | | | | 司 ...

Group 1 - Automotive stocks are under pressure, with notable declines in companies such as Li Auto (-3.97%), Xpeng (-3.52%), Leap Motor (-3.34%), BYD (-2.73%), Great Wall Motors (-2.76%), Seres (-2.64%), and Chery (-2.35%) [1][2] - Since the beginning of the Year of the Horse, multiple car manufacturers have launched "seven-year low-interest loan" financial policies, indicating a growing trend in the automotive sector [1][2] - In February alone, nearly ten automotive brands have introduced the "seven-year low-interest loan" policy, with the total exceeding twenty brands when considering January and February combined [2]

Core Viewpoint - The Hong Kong stock market experienced a decline, with the Hang Seng Index falling by 1.44% and the Hang Seng Tech Index dropping by 2.87%, indicating a bearish trend in the market [1][2]. Market Performance - Over 1,000 stocks in the Hong Kong main board fell, and there was a net outflow of HKD 7.4 billion from southbound funds [1]. - The Hang Seng Tech Index has seen a cumulative decline of over 20% since its peak on October 2 of the previous year [5]. Key Stock Movements - Major tech stocks experienced significant declines: Alibaba down 3.57%, Baidu down 4.27%, Tencent down 2%, Meituan down 2.72%, JD down 2.62%, and Xiaomi down 1.18% [2][4]. - The performance of other notable stocks included XPeng down 5.06%, Huahong Semiconductor down 4.82%, and Li Auto down 4.45% [4]. Sector Analysis - The semiconductor sector showed some resilience, with stocks like Days Smart Chip rising over 20% [7][8]. - Other sectors, including construction materials, electrical equipment, and pharmaceuticals, also faced declines, with respective drops of 4.85%, 4.32%, and 4.12% [7].

今日（2月26日），港股市场高开低走，最终主要指数显著回落。 截至收盘，恒生指数报26381.02点，回落384.70点，跌幅1.44%。 恒生科技指数高开低走，最终收盘报5109.33点，下跌151.17点，跌幅2.87%，创下去年6月24日以来新 低。 恒生科技指数成分股中，小鹏汽车-W（HK09868）跌超5%，华虹半导体、哔哩哔哩、理想汽车、百度 集团、快手、地平线机器人跌超4%。权重较大的个股中，中芯国际、比亚迪股份、阿里巴巴跌超3%， 腾讯跌超2%。 受业绩利好刺激，香港交易所股价今日逆势飘红，最终上涨0.78%。 其他方面，盘面上，风电股强势领涨，东方电气大涨15%；建材水泥股集体弱势，海螺水泥跌超6%。 港股创新药集体回落，百济神州跌超9%，药明合联跌超8%，先声药业、药明生物跌超7%。 资金方面，南向资金大规模净卖出。截至收盘，南向资金净卖出港股超73亿港元。 展望后市： 焦点方面，香港交易所（HK00388）公布2025年全年业绩。公告显示，香港交易所2025年收入及其他收 益为291.61亿港元，较2024年上升30%，股东应占溢利为177.54亿港元，较2024年上升36%。2025年 ...