（文章来源：每日经济新闻） 每经AI快讯，12月16日，香港恒生指数收跌1.54%，恒生科技指数跌1.74%。果下科技上市首日大涨超 117%。黄金股下跌，紫金黄金国际跌6%，赤峰黄金跌超5%，珠峰黄金跌超3%。 ...

人民财讯12月16日电，恒生指数收跌1.54%，恒生科技指数跌1.74%。果下科技上市首日涨超117%。黄 金股下跌，紫金黄金国际跌6%，赤峰黄金（600988）跌超5%，珠峰黄金跌超3%。 ...

特斯拉股价周一上涨3.56%，至475.31美元，创年内新高，市值达1.58万亿美元。 此举正值特斯拉在自动驾驶领域不断发展之际，其CEO埃隆·马斯克证实了在奥斯汀测试无人驾驶 机器人出租车的消息。尽管特斯拉的电动汽车交付量创下了纪录，但分析师们质疑这些数字与特斯拉股 价的相关性，这表明投资者的关注点发生了转变。 当天，凯茜·伍德的方舟投资管理公司通过旗下基金ARKK和ARKW总计出售了124867股特斯拉股 票，价值约5935万美元。 这一观点与马斯克长期以来的立场一致，即特斯拉的长期价值将由技术驱动，尤其是全自动驾驶软 件和"擎天柱"人形机器人。马斯克此前曾表示，特斯拉未来价值的80%可能来自擎天柱，而FSD也被认 为是主要的增长动力。 一些投资者还预测，特斯拉汽车业务的动力将减弱，预计2025年交付量将下降约7%，2026年的交 付量将在持平至增长5%之间，远低于整体市场预期。 巴克莱的一位分析师表示，特斯拉未来的估值似乎与电动汽车的交付数量关系不大，他认为第四季 度的交付可能疲软，但这对特斯拉的股价可能无关紧要。这位分析师维持对特斯拉的"持股观望"评级， 并将其目标价上调至350美元，指出特斯拉越来越 ...

Core Viewpoint - The Hang Seng Tech Index experienced a decline, with a drop of nearly 3% in the afternoon session, indicating a negative trend in the technology sector [1] Group 1: Stock Performance - Alibaba-W (09988.HK) fell by 4.37%, trading at HKD 142.1 [1] - SMIC (00981.HK) decreased by 3.63%, with a price of HKD 62.35 [1] - Tencent (00700.HK) saw a decline of 1.74%, priced at HKD 592.5 [1]

Group 1 - The Hang Seng Tech Index declined today, with an afternoon drop of nearly 3% [1] - Major constituents such as Alibaba (09988) fell by 4.37% to HKD 142.1, SMIC (00981) decreased by 3.63% to HKD 62.35, and Tencent (00700) dropped by 1.74% to HKD 592.5 [1] - Recent liquidity factors and a pullback in the US AI sector have pressured market sentiment in Hong Kong [1] Group 2 - Dongwu Securities' research indicates that southbound capital is currently cautious, with investors waiting for a more aggressive approach after the end of this year [1] - There is a strong consensus for a positive start in the first quarter of next year, with optimism not only in technology but also in the metals sector [1] - In the medium to long term, the valuations of Hong Kong's AI tech leaders are considered reasonable, and a rebound in the Hang Seng Tech Index is expected if new policies or industry catalysts emerge [1] Group 3 - The Bank of Japan is set to hold a monetary policy meeting on December 18-19, with expectations to raise the current policy rate from 0.5% to 0.75%, marking the highest level in 30 years since 1995 [1] - Galaxy Securities notes that the potential interest rate hike by the Bank of Japan could be a significant consideration for the Hong Kong stock market [1] - Despite recent adjustments, the technology sector remains a key investment theme in the medium to long term, with expectations for a rebound supported by multiple favorable factors [1]

Core Viewpoint - The Hong Kong stock market experienced a significant decline, with major indices hitting recent lows, driven by a drop in large tech and financial stocks, while some sectors like aviation and cosmetics showed resilience [1] Market Performance - The Hang Seng Technology Index fell by 2.41%, and the Hang Seng Index dropped by 1.91%, losing nearly 500 points [1] - The Hang Seng Index and the Hang Seng China Enterprises Index both reached recent low points, indicating a bearish market sentiment [1] Sector Analysis - Large technology stocks, major financial stocks (including banks, insurance, and brokerage firms), and state-owned enterprises collectively pressured the market [1] - Conversely, sectors such as gold, semiconductors, oil, and automotive stocks experienced declines, while some aviation and cosmetics stocks performed well [1] ETF Performance - The Hang Seng ETF (159920) fell over 2% by midday, and the Hang Seng China Enterprises ETF (159850) dropped more than 2.5%, indicating a continued opening of low-position investment opportunities [1] Future Outlook - Guotai Junan Securities believes that the current dollar liquidity issues are short-term disturbances, and the AI wave is not over, suggesting that a bull market for Hong Kong stocks may still be possible after adjustments [1] - Huatai Securities anticipates that seasonal allocation characteristics of southbound funds could support a spring rally in Hong Kong stocks, making the upcoming spring market worth watching [1] Investment Focus - Guotai Junan Securities highlights that technology stocks driven by AI remain the main theme for the Hong Kong market, with leading tech stocks expected to regain relative advantages as the AI industry cycle trends upward [1] - The Hong Kong market's dividend benefits from strengthened policies and low interest rates, along with the scarcity of new consumption and innovative pharmaceutical assets compared to A-shares, are also worth attention [1] Notable Investment Targets - Core broad-based Hong Kong stock: Hang Seng ETF (159920) [1] - AI and platform economy: Hang Seng Technology Index ETF (513180) [1] - Focus on the development of Chinese enterprises in Hong Kong: Hang Seng China Enterprises ETF (159850) [1]

港股上午盘三大指数再度呈现低开低走行情，市场情绪降至冰点！恒生科技指数大跌2.41%，国企指数 跌2.12%，二者均刷新近期阶段低位，恒生指数跌1.91%下挫近500点。大型科技股、大金融股(银行、保 险、券商)、中字头等权重集体下挫大市承压十分明显，黄金股、半导体股、石油股、汽车股等热门板 块纷纷走低。另外，部分航空股、化妆品股逆势飘红，果下科技首日上市大涨超128%。(格隆汇) ...

这两条信息结合在一起，透露了一个清晰的信号：市场正在从一个纯粹由流动性和未来想象驱动的阶 段，逐步转向一个需要兼顾估值、盈利基本面和实际经济数据的阶段。 本周即将密集公布的美国零售 销售、非农就业和CPI数据，就是检验这一转变的关键试金石。 那么，这对我们A股投资者有什么具体启示呢？我认为有三点值得重点思考。 第一，重视板块间的轮动与再平衡。美股资金从高估值科技股流向更广泛标的，这种风格偏好很可能通 过情绪和全球配置影响A股。这意味着，我们在关注科技主线的同时，必须高度重视那些估值处于低 位、受益于经济复苏预期的方向。 第二，"业绩确定性"的权重正在提升。当流动性最宽松的预期逐步被市场消化后，无论是美股还是A 股，资金都会更敏锐地寻找那些业绩能实实在在兑现的行业和公司。故事依然重要，但故事的实现能力 变得更加重要。 第三，做好应对波动的准备。重磅经济数据集中公布，必然会加剧市场的短期波动。对于中长线投资者 而言，这非但不是风险，反而可能是检验手中公司成色、逢低布局优质资产的观察窗口。 朋友们，我是帮主郑重。周一晚上，美股又给全球市场出了一道思考题：纳斯达克指数跌了超过130 点，科技股普遍承压。但更有意思的， ...

Core Viewpoint - The Hong Kong stock market is experiencing fluctuations, particularly with the Hang Seng Technology Index declining, yet there is strong investor confidence in the future performance of Hong Kong stocks, especially in the technology sector [1] Group 1: Market Performance - The Hong Kong stock market is undergoing adjustments, with the Hang Seng Technology Index falling again [1] - The Hong Kong Technology 30 ETF (513160) saw a drop of over 1% during trading, influenced by market conditions [1] Group 2: Fund Flows - Despite market volatility, the Hong Kong Technology 30 ETF (513160) has attracted significant capital, with a net inflow of approximately 600 million yuan over the past nine trading days, bringing the total fund size to 5.682 billion yuan [1] Group 3: Future Outlook - Analysts believe that the combination of a loose liquidity environment and favorable policies will likely lead to an upward trend in Hong Kong stocks [1] - The technology sector is viewed as a long-term investment focus, with valuations having adjusted downwards, suggesting potential for rebound due to multiple positive factors [1] Group 4: Investment Accessibility - Direct investment in multiple Hong Kong technology stocks can be complex and has high entry barriers for ordinary investors [1] - The Hong Kong Technology 30 ETF (513160) offers a simplified investment option, allowing investors to purchase a basket of quality Hong Kong technology companies, with additional access through linked funds (A class: 024037; C class: 024038) [1]

在世界商业市场上，沃尔玛是有名的超级巨头，就在最近沃尔玛的一个操作引发了市场的热议，这就是已经上市多年的沃尔玛突然宣布转板去了纳斯达克， 这到底是怎么回事？已经上市多年这个时候要转板到底意味着什么？ 一、沃尔玛迁至纳斯达克上市 据智通财经的报道，美国零售业巨头沃尔玛将在本周二从纽约证券交易所迁移至纳斯达克交易所上市，这次迁移创下了美股历史上规模最大的上市地迁移纪 录，并引发全球市场的广泛关注。 沃尔玛已度过快速增长期，业绩较为稳健，一向是"老钱"所青睐的标的。而纳斯达克以吸引快速增长的创新企业为特征。这么大体量的零售巨无霸登陆纳 市，让人总有点违和感。有分析称，市值高达8531亿美元的沃尔玛"转所"可能代表着传统产业进一步迈向高科技叙事的潮流。 沃尔玛首席财务官John David Rainey此前表示，沃尔玛通过整合自动化和人工智能为顾客打造更智能、更快捷、更互联的体验，从而为全渠道零售树立了新 的标准。 近日，沃尔玛宣布将迁至纳斯达克上市，这一消息瞬间引发了市场的广泛关注与诸多猜测。究竟沃尔玛此举背后隐藏着怎样的战略意图？ 首先，与国内A股中主板、科创板、创业板的定位差异类似，纽交所长期以来被视为"老钱" ...