---
title: "HK market kicks off Apr. with a rally; BILI overhauls recommendation engine | Daily News Recap"
type: "Topics"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/topics/39666826.md"
description: "Apr 1 | Dolphin Focus: 🐬 Macro/Industry: Leaders of the US and Iran signaled openness to ending hostilities, easing fears of a broader Middle East war. On the back of this, US stocks closed higher on Tue as intl crude pulled back, with WTI and Brent both down, easing inflation worries. In addition, the White House said Trump will address the nation at 9pm ET Wed (9am Beijing Thu) to provide a major update on Iran.🐬 Single stocks: 1) $Taiwan Semiconductor(TSM.US) TSMC's Japan JASM Fab 2 has been upgraded from 6nm to 3nm..."
datetime: "2026-04-01T08:28:39.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39666826.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39666826.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39666826.md)
author: "[Dolphin Research](https://longbridge.com/zh-HK/news/dolphin.md)"
---

> 支持的語言: [English](https://longbridge.com/en/topics/39666826.md) | [简体中文](https://longbridge.com/zh-CN/topics/39666826.md)


# HK market kicks off Apr. with a rally; BILI overhauls recommendation engine | Daily News Recap

## 0401 ｜**Dolphin Research Focus**

## **🐬 Macro / Sector**

**1.** The U.S. and Iran signaled openness to ending hostilities, easing fears of a broader Middle East war. U.S. equities rallied across the board on Tue, and global crude pulled back as both WTI and Brent fell, easing inflation concerns. Separately, the White House said Trump will deliver a nationwide address at 9:00 p.m. ET on Wed (9:00 a.m. Thu Beijing time) to provide an update on Iran.

## **🐬 Stocks**

**1.**$Taiwan Semiconductor(TSM.US)

TSMC's Japan JASM Fab 2 will move up from 6nm to 3nm, with 15k wpm of 12-inch wafers and mass production in 2028. It also received approval for a $30bn overseas capital increase for FX management. Positioned as a global backup for advanced nodes and paired with local supply chains at Sony, Toyota, and Denso, the strategy delivers both geographic diversification and advanced-node capacity expansion. It strengthens TSMC's global redundancy while tying into Japan's premium auto and image-sensor demand.

**2.**$Marvell Tech(MRVL.US)

NVIDIA invested $2bn in Marvell, bringing it into the AI ecosystem. The two will deepen collaboration across NVLink Fusion, silicon photonics, and AI-RAN (5G/6G). Marvell will supply custom XPU and networking solutions fully compatible with NVIDIA's GPU/DPU stack. With both capital and ecosystem support, Marvell shares surged 11% on the day.

**3.**$Alphabet(GOOGL.US)

Google DeepMind launched Veo 3.1 Lite. Priced at less than 50% of Veo 3.1 Fast with comparable generation speed, it supports 720p/1080p resolution, multi-aspect switching, and 4–8s duration. Google also previewed a price cut for Fast on Apr 7, aiming to win developers with aggressive pricing.

**4.**$Coreweave(CRWV.US)

AI cloud provider CoreWeave secured an $8.5bn delayed-draw term loan (DDTL), the first-ever investment-grade financing backed by GPU assets. Rated A3 by Moody's and A by DBRS, it is led by Blackstone with MUFG, Morgan Stanley, Goldman Sachs, and JP Morgan participating; it is non-recourse and matures in 2032. Proceeds will fund capacity expansion and contracts with top-tier AI customers, validating GPUs as high-grade hard assets for financing and opening low-cost capital for AI infra. CoreWeave optimizes its capital structure and accelerates expansion, sharpening its differentiated edge vs. AWS and GCP.

**5.**$Bilibili(BILI.US)

Bilibili officially removed its 'Guess You Might Like' recommendation feed, ending history-based content push. It rolled out a new algorithm combining AI content understanding with community interaction quality, targeting a break from filter bubbles and greater content diversity. If outcomes validate the approach, content platforms could shift from algorithmic feeding to active discovery.

**6\. Earnings and calls on Dolphin Research's radar**

Zhipu: '[Zhipu: RMB 700mn profit, RMB 3.2bn loss? Eyes on the dream, calling losses short-sighted](https://longbridge.cn/zh-CN/topics/39645806?channel=WHAB0001)'. '[Zhipu (Trans): Anchored by upper-bound model capability and tech-driven strategy](https://longbridge.cn/zh-CN/topics/39641967?channel=WHAB0001)'.

MINISO: '[MINISO: Larger stores drive revenue, overseas lift margins — tailwinds ahead for IP retail?](https://longbridge.cn/zh-CN/topics/39651608?channel=WHAB0001)'.

BOE: '[BOE: A grueling cycle — are leaders only earning sweat equity?](https://longbridge.cn/zh-CN/topics/39646950?channel=WHAB0001)'.

Sungrow: '[Sungrow: A bolt from the blue — storage is hot, is Sungrow cooling?](https://longbridge.cn/zh-CN/topics/39661061?channel=WHAB0001)'. '[Sungrow (4Q25 Trans): 2026 storage shipment target to grow ~40%–50%](https://longbridge.cn/zh-CN/topics/39661184?channel=WHAB0001)'.

Mingming Is Busy will report earnings tonight.

## **🐬 Top Gainers by Sector**

**A-shares:** Diversified financial services; video games & multimedia; life science tools & services.

**HK:** System software; insurance brokers; airlines – passenger.

**U.S.:** Precious metals & minerals; silver; copper.

## **🐬 Watchlist for Tomorrow**

**1.** Xiaomi founder Lei Jun will host a roughly 5-hour teardown livestream at 7:00 p.m. on Apr 2, offering a full teardown of the 2026 SU7.

2\. Nio will launch its 2026 ES6, EC6, ET5, and ET5 Touring on Apr 2.

3\. U.S. Feb trade balance (US$ bn).

Risk disclosure and statement: [Dolphin Research Disclaimer and General Disclosure](https://support.longbridge.global/topics/misc/dolphin-disclaimer)

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