Consumer Discretionary(IN40293.SH)

A-shares closing: The SSE 50 Index rose by 1.65%, with over 20 liquor stocks hitting the daily limit

The A-share market experienced fluctuations today, with the SSE 50 Index closing up 1.65%. Liquor stocks performed strongly, with over 20 stocks including WLY and SHANXI FEN WINE hitting the daily limit, and Moutai rising over 8%. The precious metals sector continued to strengthen, with China Gold and Hunan Gold achieving consecutive gains. AI application-related stocks also showed active performance, with some individual stocks hitting the daily limit. Overall, the Shanghai Composite Index rose slightly by 0.16%, while the Shenzhen Component Index and the ChiNext Index fell by 0.3% and 0.57%, respectively

China plans space‑based AI data centres, challenging Musk's SpaceX ambitions

China plans to establish space-based AI data centers within five years, challenging SpaceX's ambitions. The China Aerospace Science and Technology Corporation (CASC) aims to create gigawatt-class digital infrastructure to process Earth data in space. Meanwhile, SpaceX is preparing for a $25 billion IPO to fund its own orbital AI data centers. Both nations are competing to dominate space exploration and commercial viability, with China also focusing on space tourism and deep space exploration. CASC's initiatives include fostering talent through a new spaceflight academy and achieving reusable rocket capabilities.

A-share chemical stocks experienced unusual surges, with Redwall hitting the daily limit, and UNIFULL, ZYD, NANTONG JIANGTIAN CHEMICAL, CZDH, JinJi, Hongbaoli, and others all rising sharply

Sun Baigong appointed Vice President of Avita Technology

On January 29th, Avita Technology announced that Sun Baigong has been appointed as Vice President, responsible for marketing promotion, product operations, and marketing system construction, reporting directly to the company's president. Sun Baigong has held management positions at Huawei and Li Auto, possessing rich industry experience

Can Europe Go Electric & Remain Sovereign?

The article discusses Europe's challenge in maintaining strategic autonomy in battery production amidst the shift to electrification. Despite recent advancements with companies like PowerCo and Verkor, Europe remains heavily reliant on imports from Asia, particularly China. The EU's battery industry faces significant hurdles, including low production efficiency and a lack of financial support. The upcoming Industry Accelerator Act may impose local content requirements, which could impact the future of European battery production and its competitiveness against Asian manufacturers. The article emphasizes the need for decisive action to sustain Europe's battery ambitions.