Hello everyone, I'm Jiangxin, and this is my review notes.

Market Index:

Hong Kong Market Closing:Hang Seng Index fell 1.55%, Hang Seng Tech Index fell 2.38%,

Shanghai Composite Index: closed at 3266, down 0.66%

Stock Performance:

SMIC fell over 7%, Nio fell over 6%, Hua Hong Semiconductor, JD Group fell over 4%

Key News:

Traders reduced expectations for a 50 basis point rate cut by the European Central Bank in December, lowering the probability from around 45% before the data release to 22%.

On October 28 (Monday), the U.S. Treasury Department announced new investment restrictions targeting China's semiconductor and microelectronics, quantum information technology, and artificial intelligence sectors. These restrictions will officially take effect on January 2, 2025.

On October 29, the European Commission announced the conclusion of its anti-subsidy investigation, deciding to impose final anti-subsidy duties on electric vehicles imported from China for five years.

International gold prices surged, with spot gold prices reaching $2780 per ounce, hitting a new all-time high. Since October, spot gold prices have risen nearly 6%. Year-to-date, spot gold prices have accumulated gains of over 35%.

AMD fell 7.7% after hours, with Q4 revenue outlook below analysts' expectations;

Today's Content:

Forgot to mention a stock yesterday, 1951 Jinxin Fertility

On October 28, the General Office of the State Council released the "Several Measures on Accelerating the Improvement of the Fertility Support Policy System and Promoting the Construction of a Fertility-Friendly Society" (hereinafter referred to as the "Measures"), proposing a series of fertility support measures from four aspects: strengthening fertility service support, improving the childcare service system, reinforcing education, housing, and employment support measures, and fostering a fertility-friendly social atmosphere.

Boosted by the positive news, 1951 opened with a 15% limit-up in early trading, with 4M buy orders still pending. It then plunged directly after opening, closing down 8%, and fell another 2% today.

Encountering this situation is really disgusting.

Today, SMIC fell 8%, and auto stocks generally declined, partly due to U.S. sanctions and partly due to EU sanctions.

3. Leaderboard Review:

Steel stocks rose again today. With the national medical insurance negotiations recently launched, there is some divergence in biopharmaceutical stocks. Apart from that, the market is still speculating on junk stocks.

Li Ka-shing continued to sell 1658.

Daily Leaderboard Details:

Disclaimer: The above content is a personal trading review note, representing only personal views and not serving as investment advice. The stock market carries risks; invest with caution. Please conduct your own analysis and decision-making, and bear any profits or losses yourself!