Jet Media輪證分析

Gold continues to hover at high levels after breaking new highs, and U.S. stocks remain strong. However, with the Federal Reserve's interest rate cut cycle underway, the investment community remains bullish on gold. Major institutions have pointed out that the start of the rate cut cycle will benefit metals like gold and copper, driving both volume and price increases for companies' copper and gold businesses. Additionally, the Grasberg copper mine shutdown continues to escalate, with the mine accounting for about 3.5% of global copper production. It is expected to further widen the copper supply gap between Q4 2025 and 2026. Goldman Sachs predicts...

Hong Kong stocks have achieved another milestone, hitting a new high in more than four years, approaching the 27,000 mark. The market is optimistic about the dialogue between the Chinese and US leaders, coupled with breakthroughs in chips and other areas on the mainland, which have stimulated AI stocks. Even underperforming stocks like Meituan have rebounded significantly, indicating an improvement in market breadth. In terms of derivative funds, long positions have created a positive cycle of profits, with profitable funds re-entering the market to find near-price products and lock in profits. Funds are mainly focused on domestic consumption, AI stocks, CATL, and Tencent. Among them, Tencent is about to reach 700 HKD, and whether it can set a new high is truly something to look forward to...

Alibaba announced the "Gaode Street Ranking," leveraging Gaode to enter the public review business, with the selling point of incorporating Alipay's credit score as an auxiliary evaluation basis, further enriching the hierarchy of the evaluation system. Meituan immediately retaliated by "relaunching" its premium food delivery service, using large models to filter out non-genuine review data, providing users with reliable decision-making through "AI + genuine high scores." Mainland China advocates for new quality productivity, emphasizing "quality" in services, which is undoubtedly good for consumers. However, for shareholders, corporate profitability is the ultimate criterion. The State Administration for Market Regulation has summoned major food delivery platforms to resist vicious subsidies...

Last Friday, the bear warrants for $POP MART(09992.HK) mentioned in the weekly derivatives program rose from 0.075 to a peak of 0.109. The call warrants for $BABA-W(09988.HK) $ UBALIBA@EC2512D.HK rose from 0.147 to 0.223. Pop Mart, which was added to the Hang Seng Index recently, saw a sharp decline, leading to significant profit-taking in short positions. Short-selling volume dropped sharply from HKD 1.9 billion on September 5 to HKD 570 million on the previous day, accounting for 31% of the underlying stock's trading volume, down to 6%, returning to a more normal level. If you followed the trend to close short positions and turned bullish, there are different knock-out levels for bull warrants available in the market...

Investors are concerned about the overheating speculation in the mainland stock market, triggering sell-offs. Previously soaring sectors like chips and pharmaceuticals have seen significant pullbacks. $Cambricon(688256.SH) plummeted, and $SMIC(00981.HK) followed suit. Even $BABA-W(09988.HK), which recently dreamed of chips, fell back to post-earnings lows. The massive northbound inflows from the previous day are now facing immediate losses. As market-priced bull and bear certificates become available, yesterday's bullish funds in Alibaba flowed out...

Two consecutive days of national-level major events have concluded successfully, starting with the SCO meeting followed by a grand military exercise. The activities came one after another, but the financial market was affected by concerns over the overheating of A-shares, showing relatively volatile performance. The momentum of Hong Kong stocks also weakened, with a strong wait-and-see atmosphere. Speaking of the new developments at the SCO meeting, the SCO has expanded to 10 member states, covering over 37 million square kilometers of Eurasia, with a combined GDP exceeding $23 trillion. In 2024, trade between China and the SCO region reached $890 billion, with core areas including energy, electromechanical products, and cross-border logistics...