在政策红利与技术突破的双重催化下，无人驾驶概念大爆发。 根彭博社援引知情人士消息，特斯拉计划于6月12日在德克萨斯州奥斯汀启动其备受期待的robotaxi服 务。这一内部消息虽未得到官方确认，但与马斯克此前承诺的"6月底前启动服务"的时间表一致。 今日无人驾驶板块指数涨超3%，个股中，万马科技、玉禾田、启迪环境、云内动力（维权）、得润电 子（维权）等超20股涨停。 | 代码 名称 | 张唱� | 涨跌 | 现价 | | --- | --- | --- | --- | | 834475 三支科技 | +29.98% | 45.69 | 24.67 | | 300698 万马科技 | | +19.99% +6.93 | 41.59 | | 300815 玉禾田 | +19.98% | +4.46 | 26.78 | | 688280 | 精进电动-UW +16.34% | 41.18 | 8.40 | | 835579 机科股份 | +14.58% | +4.45 | 35.18 | | 688648 中邮科技 | +13.90% | +8.30 | 68.01 | | 300771 智荣科技 | | +13.4 ...

Market Performance - The stock indices in the two markets showed strong upward momentum, with the Shenzhen Component Index and the ChiNext Index rising over 1%, and more than 4,400 stocks in the market showing gains [1] - As of the midday close, the Shanghai Composite Index increased by 0.72% to 3,363.97 points, while the combined trading volume of the Shanghai, Shenzhen, and Beijing markets reached 759.6 billion yuan [1] Sector Performance - Key sectors that experienced significant gains include automotive, pharmaceuticals, logistics, textiles and apparel, semiconductors, real estate, and brokerage [1] - Emerging themes such as innovative drugs, autonomous driving, and information technology innovation were notably active [1] Economic and Policy Insights - After the reduction of tariff and trade risks, the focus has shifted to changes in domestic economy and liquidity, as well as the implementation of policies, which are seen as core concerns for the current market phase [2] - The market is expected to be supported by timely monetary easing and policy backing, with a barbell strategy recommended for asset allocation [2] - The second quarter is anticipated to see a shift from "grabbing transshipment" to "grabbing exports," with external demand showing a pulse-like improvement that may support economic resilience, although concerns about economic downturn remain [2] Liquidity and Market Sentiment - The period from May to June is characterized by a lack of clear guidance due to the earnings report vacuum, leading to a predicted decrease in market trading activity [2] - The upcoming end-of-quarter assessments and mid-year liquidity tightening may exert pressure on institutional repositioning, potentially lowering market risk appetite and slowing capital inflows [2] - Increased uncertainty in the U.S. market, characterized by a weak dollar, weak U.S. stocks, and high U.S. bond yields, may also affect domestic market sentiment [2] Investment Strategy - There is a need to focus on technology growth sectors that exhibit certain growth prospects, while dividend-paying and stable cash flow stocks are considered important choices for low-risk preference incremental capital allocation in a declining risk-free interest rate environment [2]

Market Overview - A-shares opened higher with major indices showing a bullish trend, with the Shanghai Composite Index at 3363.97 points, up 0.72%, and the Shenzhen Component and ChiNext indices up 1.12% and 1.16% respectively, with over 4400 stocks in the market rising and more than 80 stocks hitting the daily limit [1] Controlled Nuclear Fusion Concept - The controlled nuclear fusion concept continues to gain momentum, with Fuhuang Steel Structure's stock surging to the daily limit within three minutes of opening. The company announced a significant milestone in the construction of the compact fusion energy experimental device project (BEST), marking the completion of high-precision sliding installation of the first segment of the roof steel structure [2][4] - BEST is part of the EAST upgrade project and is recognized as one of the three core scientific devices in the Hefei Big Science City. The project employs an innovative construction design to tackle the challenges of installing large-span steel trusses [6] Autonomous Driving Concept - The autonomous driving concept saw a wave of stocks hitting the daily limit, with companies like Sanyou Technology and Wanma Technology achieving gains of 30% and 19.99% respectively. Approximately 20 stocks in this sector experienced similar surges [8][9] - Recent reports indicate that Jiushi Intelligent, a company in the urban distribution autonomous vehicle sector, completed a $100 million Series B3 financing, marking the largest single-round financing in the autonomous driving field in nearly two years [10] - Industry analysis suggests that during the 14th Five-Year Plan period, as autonomous driving technology matures and traffic regulations improve, the autonomous delivery sector is expected to enter a phase of large-scale application, benefiting the supply chain and quality enterprises in instant retail [11] Company-Specific Developments - Zhongcheng Co., Ltd. saw its stock hit the daily limit down, closing at a 5.77% decrease. The company recently announced a controversial acquisition plan to purchase 100% equity of Zhongji Jiangsu, which has a projected net profit of only 18.15 million yuan for 2024, raising concerns about the feasibility of the acquisition given the company's market value of 5 billion yuan [12][14]

Group 1 - The core viewpoint of the article highlights a positive market trend, with major indices such as the Shanghai Composite Index rising by 0.72%, the Shenzhen Component Index by 1.12%, and the ChiNext Index by 1.16% [1] - There is a notable surge in smart driving concept stocks, with financial technology concepts also showing strength, while sectors like precious metals and food processing manufacturing are experiencing declines [1] - Over 4,400 stocks in the market have seen an increase, indicating a broad-based rally [2] Group 2 - According to institutional perspectives, the recent market rebound is occurring at the 60-day moving average, with a potential challenge to the 3,400-point mark [4] - Growth-oriented sectors such as autonomous driving and controllable nuclear fusion are performing exceptionally well, suggesting that further strengthening of growth styles could attract additional capital into the market [4] - The improvement in the external environment is seen as a catalyst for the A-share market to realize potential benefits, with a focus on changes in trading volume being crucial for future market performance [4]

Market Overview - The A-share market experienced a rebound on May 29, with the ChiNext index leading the gains. The Shanghai Composite Index rose by 0.72%, the Shenzhen Component Index increased by 1.12%, and the ChiNext index gained 1.16%. The total trading volume in the Shanghai and Shenzhen markets reached 743.7 billion yuan, an increase of 91.3 billion yuan compared to the previous trading day. Over 4,400 stocks in the market saw an increase [1]. Sector Performance - Sectors such as unmanned vehicles, digital currency, complete automobiles, and innovative drugs showed significant gains, while sectors like glyphosate, gold, food, and liquor experienced declines [2]. Unmanned Vehicle Sector - The "unmanned driving" concept continued to be active, with several stocks hitting the daily limit. Notable performers included Yunnei Power, Qiming Information, Hexing Shares, and others, with Yunnei Power achieving five consecutive trading limit increases over seven days. The sector is benefiting from supportive policies and capital investments, with the Ministry of Transport planning to expedite the implementation of AI in transportation [5][7]. - The market potential for unmanned delivery vehicles is substantial, estimated at approximately 468 billion yuan, based on the number of logistics points across the country. The delivery volume for leading unmanned delivery vehicle manufacturers is expected to reach tens of thousands by 2025 [7]. Innovative Drug Sector - The CRO (Contract Research Organization) concept also saw strong performance, with stocks like Ruizhi Medicine and Lianhua Technology hitting the daily limit. The innovative drug sector is gaining traction, with several companies set to showcase their research results at the upcoming ASCO annual meeting. The collaboration between domestic companies and global firms is expected to enhance the integration of Chinese innovative drugs into the global supply chain [8].

Market Overview - The three major A-share indices rose collectively in the morning session, with the Shanghai Composite Index up 0.72%, the Shenzhen Component Index up 1.12%, and the ChiNext Index up 1.16% [1] - The total market turnover reached 759.4 billion yuan, an increase of 91.6 billion yuan compared to the previous day, with over 4,400 stocks rising [1] Sector Performance - The leading sectors included autonomous driving, innovative pharmaceuticals, and cross-border payments, while precious metals and food sectors saw declines [2] - Notable stocks in the autonomous driving sector included Yunnei Power and Tongda Electric, both achieving four consecutive trading limit increases [2] - The innovative pharmaceutical sector also performed well, with stocks like Ruizhi Pharmaceutical and Shutaishen hitting trading limits [2] Notable Stocks and Trends - The stock of Shangwei Co. achieved six consecutive trading limit increases, indicating strong investor interest [4] - Stocks such as Yunnei Power and Tongda Electric have shown significant momentum with four consecutive trading limit increases [5] - The innovative pharmaceutical company Shutaishen reported promising clinical trial results for its STSA-1002 injection, showing a significant reduction in mortality rates compared to the control group [10] Strategic Developments - A strategic cooperation framework agreement was signed between Xiaoma Zhixing and Guangzhou Public Transport Group to collaborate in the fields of autonomous vehicles and logistics services [11] - The market is also reacting to legislative developments regarding stablecoins in the U.S. and Hong Kong, which may impact the cross-border payment sector [13]

美国联邦法院当地时间5月28日阻止了美国总统特朗普在4月2日"解放日"宣布的关税政策生效，并裁定 特朗普对向美国出口多于进口的国家征收全面关税越权。位于纽约曼哈顿的国际贸易法院表示，美国宪 法赋予美国国会独家权力来规范与其他国家的贸易，而总统声称为保护美国经济而行使的紧急权力并不 凌驾于这些权力之上。这也是对特朗普关税政策的首次重大法律挑战。 美股盘后，英伟达公布2026财年第一财季财务数据，英伟达第一财季营收441亿美元，同比增长69%， 市场预期432.9亿美元；第一财季净利润187.8亿美元，同比增长26%；英伟达预计第二财季收入450亿美 元上下浮动2%，分析师预期455亿美元。 英伟达表示，第一季度H20芯片库存过剩产生了45亿美元的费用，若未受限制，公司本应录得25亿美元 的额外销售额。英伟达CEO黄仁勋早些时候曾预计，H20芯片出口限制相关的收入影响约为150亿美 元。英伟达在财报中指出，如果不考虑最近对其H20芯片的出口限制造成的销售损失，其业绩预期将高 出约80亿美元。 | GAAP | | | | | | | --- | --- | --- | --- | --- | --- | | ($ ...

Market Overview - The A-share market experienced narrow fluctuations with slight declines in the three major indices, closing at 3339.93 for the Shanghai Composite Index, down 0.02%, 10003.27 for the Shenzhen Component Index, down 0.26%, and 1985.38 for the ChiNext Index, down 0.31% [1][3]. Sector Performance - The top-performing sectors included textiles and apparel with a gain of 1.17%, environmental protection at 0.89%, coal at 0.74%, transportation at 0.71%, and communication at 0.62% [2]. - Conversely, the worst-performing sectors were basic chemicals down 0.79%, agriculture, forestry, animal husbandry, and fishery down 0.78%, defense and military down 0.72%, automotive down 0.72%, and real estate down 0.68% [2]. Concept Index Performance - The leading concept indices were medical waste treatment up 2.66%, combustible ice up 2.50%, dairy up 2.02%, controlled nuclear fusion up 1.88%, and hair medical up 1.41% [3]. - The lagging concept indices included epoxy propylene down 1.90%, genetically modified down 1.75%, photoresist down 1.60%, soybeans down 1.56%, and Chengfei concept down 1.55% [3]. Economic Indicators - From January to April, state-owned enterprises reported total operating income of 262,755.0 billion yuan, remaining flat year-on-year, while total profits decreased by 1.7% to 13,491.4 billion yuan [4]. - The National Bureau of Statistics is developing policies to foster a nationwide integrated data market, aiming to accelerate data market construction [4]. Market Sentiment and Future Outlook - The market sentiment has shown signs of retreat, with the A-share market expected to maintain a range-bound trading pattern around the 3400-point mark, indicating potential pressure [5]. - Despite minor adjustments, the market is still considered to be in a healthy operational state, with expectations for a recovery pattern in the future [5]. - Recommended sectors for attention include finance, non-ferrous metals, consumer goods, and TMT (Technology, Media, and Telecommunications) [5].

Market Overview - US stock indices closed lower, with the Dow down 0.58%, Nasdaq down 0.51%, and S&P down 0.56% [1] - The VIX index increased by 1.85% to 19.31, indicating rising market volatility [1] - The US dollar index rose by 0.29% to 99.9, while the yield on the 10-year Treasury bond increased by 0.719% to 4.48% [1] - Spot gold decreased by 0.36% to $3288.44 per ounce, and Brent crude oil rose by 0.88% to $64.31 [1] Industry & Stocks - All sectors of the S&P 500, except for real estate, closed lower, with utilities, materials, and energy down 1.4%, 1.36%, and 1.27% respectively [4] - Chinese concept stocks mostly declined, with KWEB down 0.92%, Alibaba down 2.33%, and Pinduoduo down 4.95% [4] - Major tech stocks also saw declines, with Microsoft down 0.72%, Nvidia down 0.51%, and Tesla down 1.65% [4] Company Highlights - Nvidia reported Q1 revenue of $44.1 billion, a 69% year-over-year increase, exceeding market expectations [6][7] - Nvidia's data center revenue was $39.1 billion, slightly below the expected $39.3 billion [6][7] - Tesla plans to launch its Robotaxi service in Austin, Texas on June 12, marking a significant milestone in its autonomous vehicle strategy [8] - UBS reported that BYD and Xiaomi have surpassed Tesla as the preferred brands among Chinese consumers [8] - GameStop announced the purchase of 4,710 BTC, costing over $500 million at recent prices [5][16] Tariff Developments - BMW, Mercedes, and Volkswagen are negotiating with the US Commerce Department regarding tariffs, aiming for an agreement by early July [10] - The EU trade chief will discuss tariff policies with US officials, focusing on cooperation in sectors like aviation and semiconductors [10] - Japan plans to allocate approximately 3.88 billion yen to subsidize energy bills for households and businesses in response to US tariffs [12] - Japan has proposed purchasing billions of dollars in US semiconductor products as part of ongoing tariff negotiations [13] Military and Geopolitical Updates - NATO plans to increase the number of brigade-level forces, with Germany being asked to contribute an additional 40,000 troops [14][15] - Germany announced an additional military aid package of approximately 5 billion euros to Ukraine [15]

Group 1 - The market is shifting focus from "water" concepts to "vehicle" concepts, with significant gains in the autonomous vehicle sector, particularly in unmanned logistics and sanitation vehicles [1][2] - Companies like Yuhua Tian and Bosch Tech saw stock increases of over 19% and 20% respectively, with several other stocks hitting their daily limit [1][2] - The application of unmanned logistics vehicles is expanding from closed environments to open urban distribution scenarios, with the market expected to exceed 100 billion yuan [1][4] Group 2 - The automotive supply chain is experiencing a surge, with autonomous vehicle stocks leading the gains, including Robovan, Robotaxi, and Robosweeper concepts [2] - The Ministry of Commerce's recent plan aims to foster leading enterprises in the digital supply chain and promote the use of smart logistics technologies, including unmanned delivery vehicles [3][4] - The potential market for unmanned logistics vehicles is projected to grow significantly, with estimates suggesting that by 2025, leading companies could deliver tens of thousands of units, and a penetration rate of over 17% in the last-mile delivery market could lead to a market size exceeding 100 billion yuan [4][5] Group 3 - Recent developments in the autonomous driving industry include strategic partnerships and expansions by companies like Pony.ai and Baidu, indicating a growing presence in global markets [4] - Tesla plans to launch its Robotaxi service in Austin, Texas, by the end of June, with projections indicating a significant market size for Robotaxi services by 2030 [5][6] - The market for autonomous trucks is expected to enter a phase of full automation testing by 2025, with the combined market for autonomous truck systems and services projected to exceed 400 billion yuan by 2030 [6]