Global Markets Hit by 'Cold Wave'; Google AI Advances in Travel Services Track | Today's Important News RecapHong Kong stock market closing | The Hang Seng Index fell 1.72%, falling below 26,000 points, with the aluminum sector leading the decline as CHINAHONGQIAO dropped 5.88%, and leading tech stocks under pressureAfter Jensen Huang's visit to Taiwan, Morgan Stanley raised its expectations for Taiwan Semiconductor's CoWoS capacity: an expansion of over 20% by 2026 is needed to keep up with the growth in 3nm capacityUeda Kazuo informed Takagi Sanae: The Bank of Japan will continue to raise interest rates cautiouslyJapanese authorities face another "Yen Defense Battle"! Upgrading verbal intervention is the most likely optionWhy did the storage price increase punish the PC market, but spare only Apple and Lenovo?Is the Japanese bond crisis re-emerging? Concerns over fiscal stimulus intensify, leading to a triple kill in Japan's "stocks, bonds, and currency," with long-term bond yields reaching new highsPrices have surged, with some products increasing by 102% in a month. Several smartphone manufacturers have suspended purchases, and some inventories are insufficient for less than three weeks! Analysts say, "Low-end devices may incur more losses," and the price increase is surprisingly due to AI?To save the declining industry, Germany has introduced a "maximum electricity price cap."Macau Chief Executive Ho Iat Seng delivered a policy address: The preliminary GDP of Macau for the first three quarters is MOP 301.33 billionIn just six weeks, the cryptocurrency market has "evaporated" $1.2 trillionCITIC Securities International: Reiterates Alibaba-W's Preferred Status with a "Buy" RatingUnderstanding the Market | Li Auto-W fell nearly 4%, hitting a new low in over a year, down more than 40% from its peak this yearBacked by NVIDIA, Cassava plans to raise $700 million to build Africa's largest AI computing networkUnderstanding the Market | Technology stocks generally under pressure, Tencent Holdings Limited down over 2%, Alibaba-W turns to decline againiPhone 17 sales in China surged 37% in the first month, Apple regained a 20% market share high groundProLogis: The probability of the Federal Reserve cutting interest rates in December is 50%, and it is expected that there will be no rate cuts in the first half of next year, with policies to be observed in the second halfThe new generation iPhone drives Apple's smartphone sales in China to surge in October, with a market share reaching 25% that monthReminder: Please pay close attention to the following (all times are in Beijing time)Hong Kong Stock Market Mid-Review: Hang Seng Index Closed Down 1.47%, New Consumption Concept Stocks PlummetedNew Attempts to Boost Household Consumption: Spring and Autumn Breaks for Primary and Secondary SchoolsIn October, India's gold imports surged by 200%Understanding the Market | COSCO SHIPPING Development fell over 4% as Federal Reserve rate cut expectations cool, with the company having nearly $7 billion in floating rate dollar borrowingsEagle retreats, dove advances! The Federal Reserve's "major overhaul" is imminent, will the rate-cutting faction leverage Trump's influence to gain the upper hand?Ctrip (Minutes): Marketing expenses will continue to rise in the peak season of 4QUnderstanding the Market | Photovoltaic stocks collectively decline, Tongwei's Liu Hanyuan states that silicon material storage will not touch on antitrust issues, Nomura states that inventory remains high and demand is weakUBS is optimistic about the continued rise of the Chinese stock market next year, with strategies focusing on "going overseas," "anti-involution," and "global AI stock corrections" as the main risksIs the market overestimating AI? Goldman Sachs' macro team provides a "simple calculation"The Japanese yen and Japanese government bonds hit new lows, raising market concerns about "debt risk," with Takashi Sato feeling "immense pressure."After the "redemption restriction," the popular private equity firm Blue Owl's stock price plummeted, returning to 2023 levelsUnderstanding the Market | Chip Stocks Strengthen Against the Trend, Hua Hong Semiconductor Rises Over 7%, SMIC Rises Nearly 4%Understanding the Market | Coal Stocks Lead the Decline, Institutions Say Coal Prices Are Approaching a Short-Term Peak, But the Medium-Term Upward Trend Remains UnchangedAnt Group is set to seize the AI super entrance: the all-modal general AI assistant "Lingguang" is officially launched, capable of generating applications in 30 secondsAfter a 36% drop, POP MART still receives strong support from Wall Street: Labubu will launch version 4.0 next year, and its value has not yet been fully realizedUnderstanding the Market | Gold stocks continue to decline, and the probability of a Federal Reserve rate cut in December decreases. Institutions expect the adjustment of precious metals to continueFirst bond issuance in three years! Amazon raises $15 billion to "inject blood" into AI, with capital expenditures expected to reach $147 billion next yearJensen Huang unveils a $500 billion AI computing blueprint, NVIDIA stands at the crossroads of the AI boom and bubble controversyCtrip: Awaiting the Release of Overseas ProfitsUnderstanding the Market | XPENG-W opened down over 7%, with third-quarter losses narrowing to 380 million yuan, and expects fourth-quarter revenue to reach up to 23 billion yuanThe Hang Seng Index opened down 0.8%, and the Hang Seng Tech Index fell 1.25%The "layouts" of the big shots are similar: media, AI, robotics, electric vehicles, and spaceNight market fluctuations | XPeng rose nearly 2%, yesterday's stock price fell over 10%, Trip.com rose over 4%, Q3 net profit increased nearly 2 times year-on-yearArm partners with NVIDIA: Deep integration of NVLink technology in AI data center chipsXPeng's revenue forecast misses expectations, dragging down ADR; Citigroup slightly lowers target priceCICC: The "Ignored" Bull MarketAs aluminum prices soar in the United States, Rio Tinto imposes an "additional fee" on North American aluminum productsJP Morgan traders: "Liquidity pressure" is the main reason for the sharp decline in U.S. stocks in November