Hong Kong stocks closed | The Hang Seng Index rose 1.75%, with the technology hardware and internet content sectors leading the gains. JOINN and CYBERNAUT INT'L rose over 20%The Top Ten Possible Black Swans in the Global Market in 2026Decoding CPIC's Investment "Mindset": Where Does the Investment Performance Across Interest Rate Cycles Come From?PSBC accelerates "efficiency revolution": How nearly 40,000 outlets seek to enhance profitabilityEconomists agree with Schnabel's view: The next step for the European Central Bank will be to raise interest ratesAI investment enters a critical validation period, and autonomous driving is gradually approaching... Goldman Sachs predicts the top ten focus industry themes for 2026Understanding the Market | NetEase-S surged over 4% in the closing session, "Yanyun Sixteen Sounds" continues to gain popularity overseas, the game uses self-developed "Messiah Engine"Will silver become the new gold?Federal Reserve "turns left" while European Central Bank "turns right": Expectations for interest rate hikes in Europe reignite, with next week's meeting focusing on five key signalsGoogle's Yangmou: Launching the "Deepest" Research Agent in History on the Release Day of GPT-5.2LSEG: Under pressure from currency and market volatility, gold becomes the ultimate safe haven for 2025Understanding the Market | The gains of Chinese brokerage stocks have expanded, and insurance capital is expected to continue providing incremental support to the equity market. The relaxation of high-quality institutions will help in valuation recovery"Not raising the guidance for fiscal year 2026" is not a big issue, Goldman Sachs: increasingly confident in Broadcom's AI businessUnderstanding the Market | YOFC rose over 7% again, with the company net raising over HKD 2.2 billion to develop overseas business, showing strong growth momentum abroadCOST (Trans): Confident on inflation; plans to open 30 warehouses annually.US Gov. Shutdown Casualty? COST's Last Dip?Costco's first-quarter revenue exceeded expectations with an 8.2% growth, and online sales surged by 20% | Earnings Report InsightsHong Kong Stock Market Midday Review: Hang Seng Index Rises 1.36%, New Consumption Concept Heats UpIs it difficult to cut interest rates next year? The Federal Reserve is filled with "silent dissent," and serious divisions among officials affect the outlook for easingCoreWeave collaborates with NVIDIA's GB300 chip to empower Runway's video AI engine with a "super heart."Kunlun Core is gaining momentum! Wall Street is optimistic about Baidu: expected to replicate Google's AI comeback pathPIMCO, the 'King of Fixed Income': Gold prices may rise 10% in the next year, value stocks have potential for a comebackUnderstanding the Market | HORIZONROBOT-W rises over 4% as BAIC MOTOR partners with Horizon to create the Dual Journey 6M City NOA SystemLULU (Trans): New styles to account for 35% of the Spring 2026 lineupAVGO (Trans): Anthropic adds another 10bn; 73bn order is the floorPowell warns that employment data is "systematically overestimated" and the dovish path may continue until 2026DWS: The U.S. labor market becomes the focus again, maintaining the prediction of two rate cuts by the Federal Reserve next yearUnderstanding the Market | Power equipment stocks strengthened in early trading, gas turbines may benefit from overseas AIDC construction, institutions are optimistic about power market demandUnderstanding the Market | HESAI-W rises nearly 5% as ATX receives multiple model designations from Geely Galaxy and will gradually start mass production and deliveryLULU: Comeback or Flash in the Pan?Understanding the Market | SENSETIME-W surged over 6% in early trading as Xiaodao Robotics plans to launch robotic dog products, aiming to ship over 1,000 units next yearPowell's press conference: The "most important message" is not interest rate cuts or balance sheet expansion, but rather "systematic overestimation of employment," with the Federal Reserve expecting "negative job growth."Apple's appeal in the tug-of-war with Epic fails, banning a 27% commission but allowing intellectual property feesBroadcom fell 5% after the conference call, with $73 billion in AI orders deemed insufficient, and the CEO admitted not to overestimate custom chipsAVGO vs. NVDA: Did the challenger blink first?Understanding the Market | Non-ferrous stocks generally opened higher as U.S. employment market data boosted interest rate cut expectations; institutions claim non-ferrous metals may welcome a super cycleThe Hang Seng Index opened up 0.9%, and the Hang Seng Tech Index rose 1.02%XPeng and Li Auto fiercely debate VLA, who is running naked, and who is taking a big gamble?CITIC Securities Co., Ltd.: The overseas interest rate cut cycle creates a loose environment, leading to a temporary strengthening of the RMBFederal Reserve RMP = Will purchase $500 billion in short-term U.S. Treasury bonds next year? Wall Street: The Federal Reserve is very aggressive!After a one-year treatment course, the average weight loss reached 28.7%! Eli Lilly's new generation of weight loss drugs shows remarkable performance, far exceeding similar medicationsCapital shift! AI frenzy suddenly met with "cold water" from Oracle's financial report, Dow Jones soared 1.3% showcasing a rebound of cyclical stocksA chart to understand the "soft spot" of AIBroadcom's AI chip revenue accelerated to a 74% increase last quarter, expected to double this quarter, but backlog orders are disappointing | Earnings Report InsightsBetter-than-expected performance and raised guidance, Lululemon announces CEO will step down, stock price jumps 11% after hours | Earnings report insights