<h3>U.S. Stock Market News</h3>
<ol>
<li>
Ministry of Finance of China: It is regrettable to see Fitch downgrade China's sovereign credit rating outlook. Previously, we had extensive in-depth communication with the Fitch rating team, and the report partially reflected the Chinese perspective. However, from the results, Fitch's sovereign credit rating methodology and indicator system did not effectively reflect the positive role of fiscal policy &#34;moderately strengthening, improving quality and efficiency&#34; in promoting economic growth and stabilizing the macro leverage ratio.
</li>
<li>
Jack Ma posted an article titled &#34;To Reform, To Innovate&#34; on Alibaba's intranet, highly praising the reform courage of the new management team composed of Joseph Tsai and Eddie Wu, stating that Alibaba has returned to a healthy growth track and supporting continued reform.
</li>
</ol>
Looking ahead to the industry's future, Jack Ma believes that &#34;a three to five-year time span is like a century for the Internet field, enough to bring about earth-shaking changes. The AI era has just arrived, everything is just beginning, and we are right on time!&#34;
<ol>
<li>
XPeng Motors officially announced its entry into the Hong Kong and Macau markets, with deliveries expected to start in the third quarter of this year in Hong Kong.
</li>
<li>
Recently, Tesla has been significantly reducing the price of the Model Y in North America, leading to speculation in the market that the model is trying to clear inventory before an update. On April 10th, a Tesla spokesperson stated that there will be no redesigned Model Y launched in North America this year.
</li>
<li>
According to Bloomberg, Apple assembled $14 billion worth of iPhones in India in the previous fiscal year, doubling its output. Insider sources revealed that as much as 14% or about one-seventh of iPhones from this American tech giant are currently produced in India. This figure refers to the factory gate value, not the retail price. Apple declined to comment.
</li>
<li>
Blizzard's mainland China official server has returned. Gamers were instantly excited, with &#34;Blizzard official server returns&#34; trending at the top of Weibo hot searches. Currently, Netease's gaming community, Netease Dashen, has opened reservations for &#34;World of Warcraft.&#34; As of noon on April 10th, nearly 200,000 people have reserved &#34;World of Warcraft&#34; on Netease Dashen.
</li>
<li>
TSMC's sales revenue in March was NT$195.21 billion, a 34% year-on-year increase from NT$145.41 billion in the same period last year. The year-to-date sales revenue this year is NT$592.64 billion, a 16.5% year-on-year increase.
</li>
<li>
Reports indicate that Faraday Future has established a sales entity in Dubai and plans to deliver a limited edition FF91 model this year.
</li>
<li>
Midea and Nio have signed a strategic cooperation agreement to jointly develop products such as air conditioning compressors, electric drives, integrated thermal management, and in-car refrigerators.
</li>
<li>
Tesla may be seeking local partners to expand its business in India. According to sources, Tesla is in talks with Tata Group's Tata Sons about establishing a factory in India.
</li>
<li>
JD.com officially announced a cash investment of one billion and one billion in traffic as rewards to attract more original creators and high-quality content institutions to settle in.
</li>
<li>
There are market rumors that ByteDance's profit is expected to increase by about 60% to $40 billion in 2023. In response, ByteDance officially refuted the rumors about the profit growth and data of ByteDance on its official account.
</li>
</ol>
<h3>Pre-market Movers</h3>
In the U.S. stock market pre-market, the futures of the three major stock indexes are mixed, and the fear index is declining
<img src="https://pub.pbkrs.com/cms/2024/0/zk4QszPFByzqpArpFawABtaEFrGmZ8fU.jpg?x-oss-process=style/lg" alt="" original-src="https://pub.pbkrs.com/cms/2024/0/zk4QszPFByzqpArpFawABtaEFrGmZ8fU.jpg"/>
Bitcoin is currently trading at $68,706, down more than 2% in the past 24 hours; Ethereum is currently trading at $3,498, down more than 3% in the past 24 hours.
<img src="https://pub.pbkrs.com/cms/2024/0/uhhWH3z141CS8CEw8GosyKEFm7QuxUEf.jpg?x-oss-process=style/lg" alt="" original-src="https://pub.pbkrs.com/cms/2024/0/uhhWH3z141CS8CEw8GosyKEFm7QuxUEf.jpg"/>
Chinese concept stocks are generally up in pre-market trading, with technology stocks and cryptocurrency concept stocks showing mixed movements.
XPeng Motors leads the gains among Chinese concept stocks with a rise of over 3%, while Alibaba, Pinduoduo are up over 2%, and JD.com, Nio, Li Auto, Bilibili, NetEase, Baidu are up over 1%.
Faraday Future surged by as much as 18% at one point, but the gain has now narrowed to less than 4%.
TSMC rose nearly 2% at one point.
<h3>Strategy Review</h3>
1. Tonight's CPI, Second Inflation? How will the U.S. stock market perform?
The U.S. CPI will be announced at 20:30 Hong Kong time tonight. The reasons for the high inflation in the U.S. are: the economy is performing well, and the U.S. is indirectly easing monetary policy.
2. Marathon CEO: Bitcoin &#34;halving&#34; bullishness has been partially priced in
&#34;I believe that the approval of ETFs has been a huge success, attracting capital into the market and fundamentally bringing forward the price increase that usually occurs three to six months after halving. So, I think we are now seeing some of that, which also raises some demand.&#34;
3. &#34;Big Seven&#34; Leading U.S. Stocks: Is it time for diversified investment?
The &#34;Big Seven&#34; account for nearly 30% of the total market value of the S&amp;P 500 index, contributing to nearly 60% of the index's returns in 2023. Equal-weighted index futures can help investors better grasp a wide range of investment opportunities, reduce concentration, and achieve more diversified investments

XPeng Motors rose more than 3% in pre-market trading, leading Chinese concept stocks. Alibaba and Pinduoduo rose more than 2%, while JD.com, Nio, Li Auto, Bilibili, NetEase, and Baidu rose more than 1%. Faraday Future surged 18% at one point, but the gain has now narrowed to less than 4%. TSMC also rose nearly 2% at one point

LB Select

Meta Platforms

Alphabet

Alphabet - C

Apple

Microsoft

Tesla

Amazon

NVIDIA

Alibaba

JD.com

XPeng

Li Auto

NetEase

Baidu

Bilibili

Faraday Future Intelligent Electric

Taiwan Semiconductor

BABA-W

BABA-WR

BIDU-SWR

BIDU-SW

XPENG-W

NIO-SW

NIO Inc. USD OV

Pre-market trading in US stocks: XPeng and Alibaba lead the rise in Chinese concept stocks! Market focuses on tonight's US CPI