每经记者 宋欣悦 每经编辑 高涵 当地时间5月3日，被誉为"投资界春晚"的伯克希尔·哈撒韦（以下简称伯克希尔）年度股东大会将在美国奥马哈拉开帷幕，这场盛会不仅是股东们的聚会， 更是全球投资者学习与交流的绝佳机会。 此次大会适逢巴菲特执掌伯克希尔60周年，在特朗普关税政策搅动全球经济、芒格离世、阿贝尔的接班、伯克希尔步入"后巴菲特时代"的背景下，这场盛会 看点十足。 届时，"股神"巴菲特将与接班人格雷格·阿贝尔和保险业务主管阿吉特·贾恩同台，回答股东提问，分享对市场趋势、公司运营及投资策略的深刻洞察。 2024年底，伯克希尔公司的现金储备超过3300亿美元，创历史新高。伯克希尔长期观察者认为，巴菲特之所以"囤积"现金，主要原因在于当前市场估值过 高。 资深投资银行家、太和智库高级研究员王世渝向《每日经济新闻》记者（以下简称每经记者）指出，"美国总统特朗普上任后挥舞'关税大棒'，把世界搅得 天翻地覆。"在这种充满不确定性的环境下，市场上符合价值投资标准的优质标的愈发稀缺。"巴菲特以伯克希尔有史以来最大的现金比例无声地表达了价值 投资的悲哀，"王世渝补充道。 投资者预计将聚焦四大核心看点：手握巨额现金，巴菲特将如何 ...

Market Overview - The Hong Kong stock market opened positively on May 2, with all three major indices closing higher. The Hang Seng Index rose by 1.74% to 22,504.68 points, the Hang Seng Tech Index increased by 3.08% to 5,244.06 points, and the Hang Seng China Enterprises Index gained 1.92% to 8,231.04 points [3]. Economic Context - The Chinese Ministry of Commerce noted ongoing discussions with the U.S. regarding tariff negotiations, indicating a willingness from the U.S. side to engage in talks [3]. - According to Everbright Securities, the Hong Kong stock market is currently in a phase of "valuation trough" and "policy window," with the Hang Seng Index approximately 12% below its ten-year valuation mean and the Hang Seng Tech Index's price-to-earnings ratio at a historical low of 8% [3]. Sector Performance - The technology sector saw a broad increase, with notable gains from companies such as Xiaomi (up over 6%), Alibaba and JD.com (both up over 3%), and Tencent, Meituan, and Kuaishou also closing higher [5]. - The new energy vehicle (NEV) sector experienced significant growth, driven by strong delivery numbers for April. Companies like Li Auto, Xpeng, and Leap Motor reported year-on-year delivery increases of 31.6%, 273%, and 173%, respectively [8]. Company Highlights - WuXi Biologics reported a revenue of approximately 9.655 billion yuan for Q1 2025, a year-on-year increase of 20.96%, with a net profit of about 3.672 billion yuan, up 89.06% [8]. - The new tea beverage sector also performed well, with Nayuki's Tea rising over 8% amid ongoing public offerings [9]. Stock Movements - Meilan Airport's stock surged by 7.71% following the announcement of a major share transfer, with the controlling shareholder transferring 50.19% of the company’s shares for a total of 2.52 billion HKD [14].

Group 1 - Strong earnings reports from major tech companies boosted market sentiment, leading to collective gains in the three major U.S. stock indices, with the Dow Jones and S&P 500 achieving an eight-day winning streak [2][3] - Microsoft shares rose over 7% following its earnings report, with a market capitalization of $316.24 billion. The company reported Q3 FY2025 revenue of $70.066 billion, exceeding market expectations of $68.42 billion, and a year-over-year growth of 12% [6][7] - Apple reported Q2 FY2025 earnings with total revenue of $95.36 billion, surpassing market expectations of $94.3 billion, but its revenue from Greater China declined by 2.3% year-over-year, leading to a nearly 4% drop in after-hours trading [10][11] Group 2 - Other tech stocks also saw gains, with Meta up over 4%, Amazon rising over 3%, Nvidia increasing by more than 2%, and Google gaining over 1%. Only Tesla experienced a decline [7] - Gold prices fell significantly, reaching a near two-week low, with COMEX June gold futures trading around $3246.17 per ounce [12][13]

此外，礼来收涨1.55%，台积电ADR涨1.34%——4月份累计上涨0.42%，AMD涨1.34%，巴菲特旗下伯 克希尔哈撒韦则收跌0.25%。 特斯拉收跌3.38%，亚马逊跌1.58%，Meta跌0.98%，谷歌A跌0.85%，英伟达跌0.09%，微软则收涨 0.31%，苹果涨0.61%。 | | 当前价 # | | 成交量 ◆ | 总市值 $ 年初至今 $ | 0 | | --- | --- | --- | --- | --- | --- | | 特斯拉 | 282.16 | -9.87 (-3.38%) | 1.26亿股 | 9088.25亿 -30.13% | [] *** | | us TSLA | 283.00 | +0.84(+0.30%) 盘后 | | | | | Destiny Tech ... | 37.09 | -0.90 (-2.37%) | 28.22万股 | 4.04亿 -36.99% | U ... | | us DXYZ | 36.97 | -0.12 (-0.32%) 盘后 | | | | | 亚马逊 | 184.42 | -2.97 (-1.58%) 5216.61万股 | ...

Market Overview - A-shares exhibited mixed performance with the Shanghai Composite Index experiencing slight fluctuations while the ChiNext and STAR Market indices surged [1] - The Shanghai Composite Index closed down 0.23% at 3279.03 points, while the Shenzhen Component Index rose 0.51% to 9899.82 points, and the ChiNext Index increased by 0.83% to 1948.03 points [1] - The total trading volume across the Shanghai, Shenzhen, and Beijing markets reached 11,933 billion yuan, an increase of over 1,500 billion yuan compared to the previous day [1] Banking Sector Performance - The banking sector faced significant declines, with Huaxia Bank dropping 8.55%, and other major banks like Industrial and Commercial Bank of China, China Construction Bank, and Agricultural Bank of China falling over 3% [2][3] - The first quarter financial results of 42 listed banks showed a total operating income of 1.45 trillion yuan, a year-on-year decrease of 1.72%, and a net profit attributable to shareholders of 563.98 billion yuan, down 1.2% [5] - Huaxia Bank reported a total profit of 6.73 billion yuan for the first quarter, a decline of 15.11% year-on-year, while Xiamen Bank's operating income fell by 18.42% [5] Automotive Industry - The automotive supply chain stocks saw significant gains, with companies like Lingdian Electric Control and Jingjin Electric reaching the daily limit of 20% increase, and others like Slin Group rising over 13% [10] - The Ministry of Industry and Information Technology recently released key points for automotive standardization, emphasizing the need for enhanced standards for intelligent connected vehicles, particularly in driver assistance and autonomous driving [10][12] - The regulatory clarity regarding L2 and L3 levels of autonomous driving is expected to lead to increased resource allocation and investment in the automotive intelligence sector [12] AI Applications - The AI application sector showed strong activity, with stocks like Chuangyi Information and Zhejiang Wenhe rising significantly, and several companies hitting the daily limit [7] - Alibaba's Tongyi Qianwen released a new series of models, showcasing competitive performance against leading models in the industry, indicating a robust development in China's large model industry [8]

当地时间周一（4月28日），美股收盘涨跌不一。纳指小幅收跌，道指与标普500指数连续第 五个交易日上涨。英伟达跌逾2%，领跌美股科技七巨头。 美东时间4月28日，美股三大指数下探回升。截至收盘，道指涨0.28%报40227.59点，纳指跌 0.10%报17366.13点，标普500指数涨0.06%报5528.75点。 中概股多数上涨 。小马智行涨超47%，霸王茶姬涨逾10%，蔚来涨近7%，老虎证券涨 6.73%。下跌方面，联掌门户跌超14%，陆控跌逾5%，比特小鹿跌近5%，盛美半导体跌 2.03%。 大宗商品方面， 4月28日， 国际金价逆势上涨 ，现货黄金站上3340美元/盎司； 国际油价走 低 ，专家表示，今年国际油价或宽幅震荡。 由于本周科技股财报季和美国就业数据来袭，美股三大股指盘中一度全面下跌。美股尾盘， 股市反弹，标普500指数收复1%的跌幅。 美股大型科技股多数下跌，万得美国科技七巨头指数跌0.49%。 个股方面，英伟达跌2.05%， 谷歌C跌0.87%，亚马逊跌0.68%，微软跌0.18%，特斯拉涨0.33%，苹果涨0.41%，脸书涨 0.45%。 | 招标 | 成分 | 资讯 | 相关基金 ...

大型科技股互有涨跌 美东时间周一，美股三大指数收盘涨跌不一。截至收盘，道指涨0.28%，标普500指数涨0.06%，纳指跌0.1%。 大型科技股互有涨跌，英特尔涨超2%，苹果、奈飞、Meta小幅上涨；英伟达跌超2%，微软、谷歌、亚马逊小幅下 跌。 每经编辑 毕陆名 美东时间周一，美股三大指数收盘涨跌不一。截至收盘，道指涨0.28%，标普500指数涨0.06%，纳指跌0.10%。大型科 技股互有涨跌，英特尔涨超2%，苹果、Meta等小幅上涨；英伟达跌超2%，微软、谷歌、亚马逊小幅下跌。 热门中概股多数上涨，纳斯达克中国金龙指数涨0.68%。蔚来、向上融科、搜狐涨超6%，斗鱼、理想汽车、BOSS直 聘、唯品会涨超3%。 富时A50期指连续夜盘收涨0.03%，报13204点。 周一（4月28日）纽约尾盘，CME比特币期货BTC主力合约较上周五纽约尾盘跌1.07%，报95175美元。CME以太币期 货DCR主力合约跌1.02%，报1800美元。 商品方面，COMEX黄金期货涨1.83%，报3358.9美元/盎司；COMEX白银期货涨0.21%，报33.08美元/盎司。 国际原油期货结算价收跌1.5%。WTI原油期货6 ...

Market Overview - Global markets experienced significant volatility due to uncertainties in U.S. policies, with U.S. stocks showing a "roller coaster" trend [1] - The S&P 500 index rose by 4.59% over the week, while the Dow Jones Industrial Average and Nasdaq increased by 2.48% and 6.73%, respectively [1][4] - The European STOXX 600 index gained 2.77%, with Germany's DAX up 4.89% and France's CAC 40 rising 3.44% [2][4] Technology Sector - The "Magnificent 7" tech stocks saw an 8.25% increase, with Tesla leading at an 18.06% rise [2] - Microsoft is expected to report Q1 2025 earnings of $68.44 billion, a 10.63% year-over-year increase, with a focus on cloud business growth and the impact of U.S. policy uncertainties [12] - Amazon's anticipated Q1 2025 revenue is $155.1 billion, an 8% increase, driven by AWS and advertising [12][13] - Apple's expected Q1 2025 revenue is $93.56 billion, a 3.1% increase, with attention on trade policy impacts and AI product developments [12][13] Economic Indicators - Upcoming U.S. economic data releases include April non-farm payrolls and PCE price index, which are crucial for assessing economic conditions and potential Fed rate cuts [5][6] - Analysts predict April non-farm payrolls to slow to 130,000 from March's 228,000, with the unemployment rate expected to remain at 4.2% [10] - The core PCE price index is expected to show a month-over-month increase of 0.1%, with year-over-year growth slowing from 2.8% to 2.6% [9] Commodity Market - Gold prices experienced volatility, reaching a historical high of $3,500 per ounce before dropping to below $3,300, marking a 6% decline from the peak [3] - WTI crude oil prices fell by 1.31% to $63.17 per barrel, while Brent crude dropped by 3.13% to $65.83 per barrel due to supply concerns [3][4]

当地时间4月24日，美股三大股指集体上涨，大型科技股上涨成为重要推手之一。纳斯达克中国金龙指 数迎来四连阳，热门中概股多数上涨。 COMEX黄金期货价格重拾涨势。截至北京时间4月25日5:55，COMEX黄金期货价格涨逾2%，收复3300 美元/盎司。在机构看来，短线黄金有整理需求，但中长期维持多头观点不变，美元信用收缩是长期利 多黄金的核心支撑。 美股大型科技股上涨 当地时间4月24日， 美股三大股指开盘后持续拉升 ，道指收复40000点关口，纳指、标普500指数双双涨 逾2%。Wind数据显示，截至收盘，道指涨1.23%，纳指涨2.74%，标普500指数涨2.03%。 纳斯达克中国金龙指数低开高走 ，截至收盘涨0.68%，日线迎来四连阳。热门中概股多数上涨，小马智 行涨近40%。 图片来源： Wind 国际金价上涨 图片来源：Wind 行业板块及个股方面，美股大型科技股上涨。万得美国科技七巨头指数涨2.82%，英伟达以3.62%的涨 幅领涨。 | < w | 万得美国科技七巨头指数(MAGS | | | | --- | --- | --- | --- | | 45729.08 1252.18 2.82% ...

①美国三大股指全线收涨，道指涨1.07%报39606.57点，标普500指数涨1.67%报5375.86点，纳指涨2.5% 报16708.05点； ②科技股领涨，特斯拉、英特尔涨超5%，亚马逊、Meta、博通、AMD、台积电涨逾4%，英伟达涨近 4%，苹果、谷歌涨逾2%； ③热门中概股表现强势，小鹏汽车涨逾7%，蔚来涨近5%，向上融科、富途控股、哔哩哔哩涨逾3%，阿 里巴巴、拼多多、百度涨超2%； ④欧洲三大股指收盘全线上涨，德国DAX指数涨3.14%报21961.97点，法国CAC40指数涨2.13%报 7482.36点，英国富时100指数涨0.9%报8403.18点； ⑤国际油价走弱，美油主力合约收跌2.18%，报62.28美元/桶；布伦特原油主力合约跌1.97%，报66.11美 元/桶； ⑩欧债收益率普遍上涨，英国10年期国债收益率涨0.3个基点报4.549%，法国10年期国债收益率涨2.5个 基点报3.235%，德国10年期国债收益率涨5.5个基点报2.494%，意大利10年期国债收益率涨2.1个基点报 3.627%，西班牙10年期国债收益率涨2.7个基点报3.164%。 责编:李文玉 | 审核:李震 ...