---
title: "Breakfast | Wall Street warns that the rise in US stocks may pause, Barclays warns that iPhone 16 may not sell well"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/105301052.md"
description: "Hong Kong and US stocks were sluggish on Monday, with the Nasdaq falling 1.63%. Apple dropped 3.6%, while NIO and Xpeng fell over 7%. Hong Kong stocks had their worst start in five years. Nearly 80% of new energy vehicle brands in China failed to meet their annual sales targets, with BYD topping the pure electric vehicle sales chart. Tesla's deliveries slightly exceeded expectations. The US antitrust investigation into Apple's App Store is \"pushing forward at full speed.\" Xpeng Flying Car plans to start mass production in 2025. GAC Motor has denied rumors. Export licenses for some models of ASML's lithography machines have been partially revoked. Heytea and Guming have submitted applications in Hong Kong."
datetime: "2024-01-02T23:57:21.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/105301052.md)
  - [en](https://longbridge.com/en/news/105301052.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/105301052.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/105301052.md) | [繁體中文](https://longbridge.com/zh-HK/news/105301052.md)


# Breakfast | Wall Street warns that the rise in US stocks may pause, Barclays warns that iPhone 16 may not sell well

Good morning! A wonderful day starts with making money.

### Market: Overnight and this morning

**Tech stocks drag down the Nasdaq by over 1%, Chinese stocks retreat, NIO and Li Auto drop over 7%**

Investors have reduced their bets on major central bank rate cuts this year, and US bonds have joined the global bond sell-off. US stocks opened lower across the board, and by the close, only the Dow Jones Industrial Average rose, up 0.07%. The Nasdaq fell 1.63% and the S&P 500 fell 0.57%.

Apple fell 3.6%, marking its largest drop in five months. Netflix fell about 3.8%, Meta fell 2.2%, Microsoft fell nearly 1.4%, Amazon fell 1.3%, and Alphabet fell nearly 1.1%. Arm fell over 8%, AMD fell about 6%, Intel and Applied Materials fell nearly 5%, Lam Research fell over 4%, Micron Technology and KLA fell over 3%, Qualcomm fell 3%, and Nvidia fell 2.7%. Tesla fell 0.01%.

Popular Chinese stocks retreated, underperforming the broader market. NIO and Li Auto both dropped over 7%, while XPeng fell nearly 3.8%. Joyy Inc. fell nearly 15%, Tiger Brokers fell over 6%, JD.com and Futu Holdings fell nearly 6%, Kingsoft Cloud fell over 5%, Bilibili fell over 4%, Alibaba, Baidu, and DouYu fell over 3%, Tencent Music fell about 1%, NetEase fell over 0.7%, and Pinduoduo fell nearly 0.5%.

Yesterday, Hong Kong stocks had their worst start in five years.

### What happened to blue-chip stocks and hot stocks

**Barclays: We believe iPhone 16 will not be attractive**

The iPhone 16 series in 2024 will not reverse the current downward trend in iPhone demand, so we have lowered our target price. We remain negative on the sales and evaluation of the iPhone 15, and Apple has no features or upgrades that will make the iPhone 16 more appealing. Despite underperforming expectations in most quarters over the past year, Apple's stock price has outperformed other companies, and we expect this situation to change.

**The US antitrust investigation into Apple's App Store is "pushing forward at full speed," and third-party app stores may become a reality**

**India's Akasa Air is close to securing a large order of about 150 Boeing 737 MAX aircraft**

Sources said that India's low-cost carrier Akasa Air is in contract negotiations with Boeing, and it is expected that an agreement will be announced during the Wings India, the country's largest aviation exhibition, scheduled from the 18th to the 21st of this month.

**Shipping giant Maersk: Will continue to suspend all cargo transportation through the Red Sea and continue to sail around the Cape of Good Hope**

**Shipping giant CMA CGM raises Asia to Mediterranean shipping rates, with the highest increase of 100%**

Starting from January 15th, container shipping rates from Asia to the Mediterranean region will be increased by up to 100% compared to January 1st. The shipping cost for a 40-foot container will increase from $3,000 to $6,000. This is due to the expected increase in shipping costs caused by the longer route.**United Auto Workers: 1,500 union members of Ericsson Transmission are preparing to strike**

**Tesla's annual deliveries in 2023 increased by 38% YoY, reaching 1.81 million vehicles**

Production volume increased by 35% YoY to reach 1.85 million vehicles last year. Tesla delivered 484,507 vehicles in the fourth quarter, slightly exceeding the market expectation of 483,173 vehicles.

**BYD surpasses Tesla to become the world's largest pure electric vehicle manufacturer in Q4 2023**

BYD's total sales of pure electric vehicles reached 526,409 units, surpassing Tesla and becoming the world's largest pure electric vehicle manufacturer.

**XPeng Motors: Flying cars expected to be mass-produced in Q4 2025**

XPeng Motors has signed a cooperation framework agreement with Guangdong Huitian to collaborate on flying cars. XPeng Motors and Guangdong Huitian will cooperate in the research and development, manufacturing, sales, and after-sales service of flying cars. XPeng Motors will provide research and development services, technical consulting services, and sales agency services to Guangdong Huitian.

Xiaomi Automotive opens city recruitment plan, prioritizing coverage of leading markets through the "1+N" model.

**GAC Motor denies rumors of "work stoppage": Company operations are normal and have reported the case**

There were rumors that GAC Motor had stopped all work, including halting shipments and suspending new project development. In response, GAC Motor stated that all operations, including research and development, production, marketing, and delivery, are proceeding normally.

**Baidu terminates acquisition of YY, may prioritize investment in AI due to lack of regulatory approval**

Insiders said that the acquisition was not completed mainly due to the lack of regulatory approval, and it was not Baidu's active decision to give up on YY. "Both parties were working towards a positive direction when signing the agreement, but plans couldn't keep up with changes."

**ASML statement: Export licenses for NXT:2050 and NXT:2100 lithography machines in 2050 and 2100 have been partially revoked**

The Dutch government has partially revoked the export licenses for NXT:2050i and NXT:2100i lithography machines scheduled for delivery in 2023. This will have an impact on the company's individual customers in China. At the same time, the company expects that the revocation of these export licenses and the latest US export control restrictions will not have a significant impact on its financial situation in 2023.

**Alibaba sells 838,400 shares of Kuaidi Dache, reducing its stake to 8.89%**

**S&P Dow Jones Indices: Pure Storage to be included in the S&P MidCap 400 Index**

### IPO Opportunities

Milksha and Guming both submitted applications in Hong Kong on the same day.

Baidi Medical's US IPO has been filed and plans to list on NASDAQ.

### Macro: Taking you around the world

**Traders reduce bets on Fed rate cuts, expecting cumulative rate cuts this year not to exceed 150 basis points.**

**Wall Street's most bullish strategist: US stock rally may pause, waiting for earnings reports and other new catalysts**Oppenheimer Asset Management believes that the US stock market may take a breather after its rapid rise until new catalysts emerge, such as the next earnings season. US companies will begin reporting their performance next Friday.

Singapore's GDP for the fourth quarter of 2023 increased by 1.7% MoM, exceeding expectations of 0.70% and surpassing the previous value of 1.40%.

On a YoY basis, Singapore's GDP grew by 2.8%, surpassing expectations of 1.80% and the previous value of 1.10%. Housing prices in the fourth quarter rose by 2.7% MoM, marking the second consecutive quarter of increase. The annual cumulative increase was 6.7%, showing a slight slowdown in YoY growth.

Vietnam has achieved a trade surplus for the eighth consecutive year, reaching a record high of USD 26 billion in 2023, doubling YoY.

Nearly 80% of China's new energy vehicle brands have failed to meet their annual sales targets.

Among the top 12 new energy vehicle brands in terms of sales volume, only BYD, NIO, and Dongfeng's Lantu have achieved their annual sales targets for 2023. NIO and Xpeng have just crossed the halfway mark of their sales targets. NIO has seen a YoY decline in sales for seven consecutive months, dropping out of the top tier of new energy vehicle brands. Traditional automakers' "second-generation" models have performed remarkably well, with GAC Aion and Jidu Auto both seeing sales growth of over 60% YoY in 2023.

The minimum down payment for second-home provident fund loans in Shanghai has been lowered to 40%.

"Blockchain celebrity" Justin Sun's related addresses have transferred 50 million USDT to Binance.

Justin Sun, the founder of TRON, has transferred 50 million USDT to Binance from his related addresses. In the past month, this address has transferred a total of 461.7 million USDT to exchanges.

China's National Climate Center: The average national temperature in 2023 has reached a record high, breaking the previous record of 10.5°C in 2021.

The UK Meteorological Office: 2023 is the second warmest year on record in the UK.

### 相关股票

- [Barclays (BCS.US)](https://longbridge.com/zh-CN/quote/BCS.US.md)
- [Apple (AAPL.US)](https://longbridge.com/zh-CN/quote/AAPL.US.md)
- [NIO Inc (NIO.US)](https://longbridge.com/zh-CN/quote/NIO.US.md)
- [NIO Inc. USD OV (NIO.SG)](https://longbridge.com/zh-CN/quote/NIO.SG.md)
- [NIO-SW (09866.HK)](https://longbridge.com/zh-CN/quote/09866.HK.md)
- [Li Auto (LI.US)](https://longbridge.com/zh-CN/quote/LI.US.md)
- [LI AUTO-W (02015.HK)](https://longbridge.com/zh-CN/quote/02015.HK.md)
- [XPeng (XPEV.US)](https://longbridge.com/zh-CN/quote/XPEV.US.md)
- [XPENG-W (09868.HK)](https://longbridge.com/zh-CN/quote/09868.HK.md)
- [ASML (ASML.US)](https://longbridge.com/zh-CN/quote/ASML.US.md)
- [Alibaba (BABA.US)](https://longbridge.com/zh-CN/quote/BABA.US.md)
- [BABA-W (09988.HK)](https://longbridge.com/zh-CN/quote/09988.HK.md)
- [GOGOX (02246.HK)](https://longbridge.com/zh-CN/quote/02246.HK.md)
- [JOYY (YY.US)](https://longbridge.com/zh-CN/quote/YY.US.md)
- [Baidu (BIDU.US)](https://longbridge.com/zh-CN/quote/BIDU.US.md)
- [BIDU-SW (09888.HK)](https://longbridge.com/zh-CN/quote/09888.HK.md)
- [JOYY (JOYY.US)](https://longbridge.com/zh-CN/quote/JOYY.US.md)

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