<h3>Market Review</h3>
<p>Affected by Trump's tariffs, the S&amp;P 500 index fell about 3.1% last week, marking its worst weekly performance since September 2024; the Nasdaq dropped 3.5% last week, falling over 10% from recent highs and entering a correction zone.</p>
<p>NVIDIA rose nearly 2% last Friday but fell nearly 10% for the week, with its market value shrinking by $1 trillion from its historical peak.</p>
<p>The China Concept Index rose nearly 5% last week, with Alibaba gaining over 6% for the week.</p>
<h3>Key Focus This Week</h3>
<p>On Monday and Tuesday Beijing time, the third session of the 14th National People's Congress and the third session of the 14th Chinese People's Political Consultative Conference will respectively conclude.</p>
<p>On Monday Eastern Time, Trump will meet with American tech leaders, including the CEOs of HP, Intel, IBM, and Qualcomm; on Tuesday, the U.S. and Ukraine will hold their first talks in Saudi Arabia; early Saturday, U.S. government funding will expire.</p>
<p>In terms of economic data, attention will be on the U.S. February CPI and PPI data; in terms of earnings reports, focus will be on CATL and Li Auto.</p>
<p>Additionally, daylight saving time will begin in North America, with trading hours and economic data release times in U.S. and Canadian financial markets moving one hour earlier than standard time.</p>
<h3>The State Council of China Announces Tariffs on Certain Imported Goods Originating from Canada</h3>
<p>Starting from March 20, 2025, a 100% tariff will be imposed on canola oil, oilseed meal, and peas originating from Canada; a 25% tariff will be imposed on seafood and pork originating from Canada.</p>
<h3>Trump: Some Tariffs May Be Increased After April 2</h3>
<p>On the 9th local time, U.S. President Trump stated in an interview that some tariffs may be increased after April 2 over time. Additionally, Trump downplayed the recent significant fluctuations in the stock market caused by his imposition and adjustment of tariffs, stating that one should not overly focus on the stock market.</p>
<h3>This Week, Another &#34;Big Bang in the U.S. Market&#34; is About to Explode</h3>
<p>The House of Representatives is expected to vote on a temporary spending bill known as a &#34;continuing resolution&#34; as early as this Tuesday. Analysts believe this bill is intended to provoke the Democrats, forcing them to vote against it and thereby shifting the responsibility for a government shutdown onto them. A month-long government shutdown could reduce first-quarter GDP growth by 0.4 percentage points, and amid concerns over trade conflicts already stirring the stock market, market volatility may intensify in the short term.</p>
<h3>Internal Conflicts Erupt, Trump &#34;Cuts Ties with Musk&#34;?</h3>
<p>From &#34;favoritism&#34; to &#34;criticism,&#34; Trump's attitude towards Musk has changed for the first time. Aggressive layoffs at DOGE have caused unrest within the Republican Party, and Trump's public adjustment of the &#34;hatchet&#34; layoffs has shifted to a more refined &#34;scalpel&#34; approach. Trump has made it clear that in the future, the ministers of various departments will be responsible for layoffs, with Musk's team only providing suggestions.</p>
<h3>For Tesla, Musk is Becoming Increasingly &#34;Toxic&#34;: Charging Stations Burned, Showrooms Shot At, Owners Humiliated</h3>
<p>Recent violent protests against Musk and Tesla have occurred frequently, with Tesla's stock price dropping over 30% this year to date. Analysts believe that the impact of Musk's political views on Tesla's sales may be exaggerated, but as other automakers introduce more advanced and cheaper models, Tesla is gradually losing its dominant position in the electric vehicle market</p>
<h3>Tesla's Autonomous Taxi Cybercab Debuts at Texas Gigafactory</h3>
<p>On the 9th, Musk shared a video of Tesla's Cybercab autonomous cruising on X. The comments section has seemingly split into two camps, with &#34;Musk followers&#34; imagining sci-fi movie scenes, while others have raised doubts about Tesla's autonomous driving technology.</p>
<h3>Foreign Institutions Raise Target Prices for Chinese Concept Stocks</h3>
<p>As a leader among Chinese concept stocks, Alibaba has become the focus of institutional attention. Daiwa Securities raised its target price for its Hong Kong stock from HKD 165 to HKD 175; previously, Goldman Sachs raised its target price for its U.S. stock from USD 117 to USD 160, and its Hong Kong stock target price from HKD 114 to HKD 156; Morgan Stanley also set a target price of USD 180 for its U.S. stock.</p>
<h3>On Monday, the Hong Kong Stock Connect Targets Will Be Officially Adjusted</h3>
<p>Among them, 27 stocks including Xiaocaiyuan, Mao Geping, Beike-W, and Weilong Delicious will be added, while the list of stocks to be removed includes 28 stocks such as Lujing China Real Estate, SOHO China, Nayuki's Tea, and Baiguoyuan Group</p>

NVDA

INTC

BABA

09988

02015

<p>This week's key focus: The closing of China's Two Sessions. On Monday, Trump will meet with American tech leaders, including HP, Intel, IBM, and Qualcomm CEOs; on Tuesday, the U.S. and Ukraine will hold their first talks in Saudi Arabia; early Saturday morning, U.S. government funding will expire. In terms of economic data, pay attention to the U.S. February CPI and PPI data; in terms of earnings reports, focus on CATL and Li Auto</p>

- The S&P 500 fell approximately 3.1% last week, marking its worst performance since September 2024, while the Nasdaq dropped 3.5%.  
- Key events this week include the closing of China's National People's Congress and a meeting between Trump and U.S. tech leaders, alongside significant economic data releases.  
- Additionally, China announced new tariffs on Canadian imports, and Trump hinted at potential tariff increases after April 2, amid concerns of a government shutdown impacting GDP growth.

LB Select

NVIDIA

Intel

Alibaba

BABA-W

Li Auto

LI AUTO-W

CATL

WL DELICIOUS

GraniteShares 2x Long NVDA Daily ETF

NAYUKI

LVGEM CHINA

Tesla

SOHO CHINA

Goldman Sachs

Direxion Daily TSLA Bull 2X Shares

Qualcomm

Morgan Stanley

YieldMax NVDA Option Income Strategy ETF

Breakfast | The Nasdaq has fallen into a correction zone, with NVIDIA dropping nearly 10% last week! Wall Street collectively raises Alibaba's target price