---
title: "Pre-market trading in US stocks: Tech stocks and Chinese concept stocks are all rising! The market is focusing on the US February CPI tonight."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/109751324.md"
description: "Wall Street expects that the reaction of the US stock market to tonight's CPI may be more intense than the reaction to the Fed's interest rate decision next week! In the pre-market trading of Chinese concept stocks, Bilibili rose over 6%, XPENG-W rose 5%, Li Auto and JD.com rose over 4%. MNSO surged 15%, Oracle briefly rose over 14%, and ClearOne briefly soared 110%."
datetime: "2024-03-12T10:19:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/109751324.md)
  - [en](https://longbridge.com/en/news/109751324.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/109751324.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/109751324.md) | [繁體中文](https://longbridge.com/zh-HK/news/109751324.md)


# Pre-market trading in US stocks: Tech stocks and Chinese concept stocks are all rising! The market is focusing on the US February CPI tonight.

### U.S. Stock Market Highlights

1.  Tonight at 20:30 Hong Kong time, the U.S. will release the CPI data for February. Wall Street expects that the S&P 500's reaction to tonight's CPI may be more intense than its reaction to the upcoming Fed interest rate decision next week.
    
2.  Apple's new iPad is expected to be released by the end of March or in April, and the company is reportedly starting to develop a MacBook Pro with the M4 chip. Apple also plans to establish an application research lab in Shenzhen to enhance testing for products like Vision Pro.
    
3.  Lei Jun officially announced that Xiaomi's car will be listed on March 28.
    
4.  The lineup of 24 models of the Li Auto L7 and L8 will be adjusted, changing the names from Air, Pro, Max to Pro, Max, Ultra. The naming of the 24 L9 Max models will also be adjusted to L9 Ultra.
    

Additionally, Li Auto has decided to add 24 models of the L7 and L8 equipped with CDC sports suspension, maintaining the Air model naming. These two new models are scheduled to be delivered in May.

1.  MNSO's total revenue in the fourth quarter reached 3.84 billion yuan, a year-on-year increase of 54%, setting a new record for quarterly revenue. The gross profit margin reached a historical high of 43.1%, up 3.1 percentage points year-on-year. Adjusted net profit exceeded 660 million yuan for the first time, a 77% year-on-year increase and a historical high. The adjusted net profit margin was 17.2%, up 2.2 percentage points year-on-year.
    
2.  Novo Holdings, a major shareholder of Novo Nordisk, stated that the biotech factory's operational performance has improved and is recovering growth.
    

### Pre-Market Movers

In pre-market trading, U.S. stock index futures are mixed, with the fear index rising.

Bitcoin is currently at $71,920, slightly up in the past 24 hours; Ethereum is at $4,006, down by less than 1% in the past 24 hours.

Tech stocks and Chinese concept stocks in the U.S. market are all up in pre-market trading.

Nvidia and Tesla are up over 1%.

Bilibili is up over 6%, XPeng up 5%, Li Auto and JD.com up over 4%, Pinduoduo and Nio up over 3%, Alibaba and Baidu up over 2%, and NetEase up nearly 2%.

In individual stocks, Oracle surged over 14% at one point, with Q3 earnings exceeding expectations and cloud computing revenue growing by 25%.

Ke Holdings surged over 6% at one point, with H-shares closing significantly higher by 8% today, and Shenzhen's second-hand housing weekly transaction volume showing a fourth consecutive increase.

MNSO soared 15%, achieving record highs in Q4 revenue and gross profit margin, and planning to distribute a special cash dividend.

ClearOne surged 110% at one point, announcing a special cash dividend.

Boeing continued to decline by 1%, as the 737 Max project failed to pass 33 audits by the FAA.

### Strategy Review

**1\. "Bitcoin Faith" Rekindled! Wall Street Bullish: Current Rally Just the Beginning**

Standard Chartered Bank predicts that Bitcoin will reach $100,000 by the end of this year; research firm Fundstrat's target range is between $116,000 and $137,000; according to hedge fund SkyBridge's forecast, Bitcoin will reach $170,000 by April 2025.

**2\. No Signs of Bubble! Bank of America Firmly Bullish on U.S. Stocks: Current Bull Market is Supported**

"Since mid-2023, market sentiment has warmed up, which has slightly reduced our confidence in the market's rise, but it is far from the bullish levels seen at previous market peaks." "In our view, this bull market is well supported."

**3\. Are Market Expectations for Tesla Too High? Wall Street Issues Warning!**

Why the caution? Evercore predicts that Tesla's next growth surge will be delayed until 2027! In terms of sales, the sales of the new Model 2 may only reach 500,000 units two years later, instead of the widely expected over 1 million units.

### Related Stocks

- [Meta Platforms, Inc. (META.US)](https://longbridge.com/en/quote/META.US.md)
- [Alphabet Inc. (GOOGL.US)](https://longbridge.com/en/quote/GOOGL.US.md)
- [Alphabet Inc. (GOOG.US)](https://longbridge.com/en/quote/GOOG.US.md)
- [Microsoft Corporation (MSFT.US)](https://longbridge.com/en/quote/MSFT.US.md)
- [Apple Inc. (AAPL.US)](https://longbridge.com/en/quote/AAPL.US.md)
- [Amazon.com, Inc. (AMZN.US)](https://longbridge.com/en/quote/AMZN.US.md)
- [Tesla, Inc. (TSLA.US)](https://longbridge.com/en/quote/TSLA.US.md)
- [NVIDIA Corporation (NVDA.US)](https://longbridge.com/en/quote/NVDA.US.md)
- [Advanced Micro Devices, Inc. (AMD.US)](https://longbridge.com/en/quote/AMD.US.md)
- [Netflix, Inc. (NFLX.US)](https://longbridge.com/en/quote/NFLX.US.md)
- [The Boeing Company (BA.US)](https://longbridge.com/en/quote/BA.US.md)
- [ClearOne, Inc. (CLRO.US)](https://longbridge.com/en/quote/CLRO.US.md)
- [Oracle Corporation (ORCL.US)](https://longbridge.com/en/quote/ORCL.US.md)
- [MINISO Group Holding Limited (MNSO.US)](https://longbridge.com/en/quote/MNSO.US.md)
- [Bilibili Inc. (BILI.US)](https://longbridge.com/en/quote/BILI.US.md)
- [XPeng Inc. (XPEV.US)](https://longbridge.com/en/quote/XPEV.US.md)
- [Li Auto Inc. (LI.US)](https://longbridge.com/en/quote/LI.US.md)
- [JD.com, Inc. (JD.US)](https://longbridge.com/en/quote/JD.US.md)
- [NIO Inc (NIO.US)](https://longbridge.com/en/quote/NIO.US.md)
- [Alibaba Group Holding Limited (BABA.US)](https://longbridge.com/en/quote/BABA.US.md)
- [PDD Holdings Inc. (PDD.US)](https://longbridge.com/en/quote/PDD.US.md)
- [NetEase, Inc. (NTES.US)](https://longbridge.com/en/quote/NTES.US.md)
- [Baidu, Inc. (BIDU.US)](https://longbridge.com/en/quote/BIDU.US.md)
- [Invesco Golden Dragon China ETF (PGJ.US)](https://longbridge.com/en/quote/PGJ.US.md)
- [XPENG-W (09868.HK)](https://longbridge.com/en/quote/09868.HK.md)

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