Today's Important News Review | Dolphin Research

0705 Focus of Dolphin :

🐬 Macro/Industry

1. The European Commission announced that it has decided to impose temporary anti-subsidy duties on imported electric cars from China. The temporary tariffs apply to Chinese manufacturers such as BYD and Geely, with rates ranging from 17.4% to 37.6%. The temporary tariffs will take effect on July 5, 2024, and will last for up to four months. If anti-subsidy measures are voted through by EU member states, the EU will impose a formal anti-subsidy duty on Chinese electric cars for a period of 5 years. This decision has caused dissatisfaction in the automotive industry in European countries such as Germany. Faced with this situation, major car companies are adjusting their market strategies to cope with potential impacts.

🐬 Individual Stocks

1. $NTES-S(09999.HK)

NetEase's martial arts action game "Yan Yun Sixteen Sounds," developed by the Everstone Studio, announced a delay in public testing. The PC version, originally scheduled for public testing on the 26th of this month, was officially announced to be postponed today. NetEase's performance in the first quarter was mediocre. "Yan Yun Sixteen Sounds" is a key tracked game for the summer season, and the current status of the delay is undecided. The official promise is that it will be launched by 2024.

2. $Baidu(BIDU.US)

Baidu's Wenxin AI platform (AgentBuilder) announced the free opening of the Wenxin Large Model 4.0, bringing more opportunities and challenges to developers.

3. $BYD COMPANY(01211.HK)

BYD's Thailand factory held a completion ceremony, marking the start of a new chapter in global expansion for BYD. The factory in Thailand has an annual production capacity of about 150,000 vehicles, including four major vehicle processes and component factories. At the same time, BYD has become the world's first car company to achieve the production of 8 million new energy vehicles. The BYD Dolphin, as the model produced, made its debut at the Thailand factory.

🐬 Leading Sectors

Shanghai and Shenzhen: Life science tools and services, gold, biotechnology;

Hong Kong Stocks: Industrial gases, biotechnology, gold; US Stocks:

🐬 Focus on Next Monday

1. 1-year inflation expectations from the New York Federal Reserve in the United States.

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