GMT EIGHT - OPPORTUNITIES IN CHINA

"The Big Short" Michael Burry bets on a semiconductor sector pullback! Establishing a short position in SOXX ETF amid a record-breaking rally.

Investor Michael Burry, famous for being the prototype of the film "The Big Short," has established a new short position by buying put options on the iShares Semiconductor ETF (SOXX).

Overnight US stocks | Nasdaq and S&P 500 indexes hit new highs, chip stocks rose across the board.

As of the close, the Dow fell 79.61 points, down 0.16%, to 49,230.71 points; the Nasdaq rose 398.09 points, up 1.63%, to 24,836.60 points; the S&P 500 index rose 56.68 points, up 0.80%, to 7,165.08 points.

The film "The Big Short" prototype famous investor Michael Burry wrote on Substack that he has established a new short position by buying put options on iShares Semiconductor ETF (code SOXX). He bought put options on SOXX that expire in January 2027 with a strike price of $330. The Philadelphia Semiconductor Index rose for the 18th consecutive trading day on Friday, setting a record. Burry wrote, "I know the Philadelphia Semiconductor Index will fall, and so do the old generation semiconductor practitioners. The current rise is more due to technical factors. The narrative of a chip supply shortage amid the massive expansion of data centers is very powerful." If he held long positions in semiconductor stocks, he would choose to sell now.

The three major U.S. stock indexes are mixed, with the Nasdaq rising more than 1% to hit a new high.

The three major U.S. stock indexes fluctuated differently, with the Dow falling by 0.12%, the Nasdaq rising by 1.65%, and the S&P 500 rising by 0.83%. Large-cap technology stocks generally rose, with Intel up more than 23%, AMD up more than 13%, SanDisk up more than 6%, Nvidia up more than 4%, Amazon up more than 3%, Meta, Microsoft, and Micron up more than 2%, Google up more than 1%, Tesla slightly up, Apple and Netflix slightly down, and Oracle down by more than 1%.

The Nasdaq China Golden Dragon Index rose more than 0.5%, Jia Nan Technology rose 5.86%, Wanguo Data rose 3.79%, Century Internet rose 3.00%, Zaiding Pharmaceuticals rose 3.56%, and Ates rose 3.58%.

Insurance Authority of Hong Kong: The total gross insurance premium for 2025 is HK$827 billion, a year-on-year increase of 29.7%.

On April 24, the Insurance Authority of Hong Kong released interim statistics for 2025, with a total gross premium of HK$827 billion, up 29.7% year-on-year.

Putin may attend G20 summit in the US.

According to the International News Agency, Russian President Putin may travel to Miami, USA to attend the G20 Summit.

Selected A-share announcements | Zhongji Innolight(300308.SZ) starts mass production and shipment of 1.6T products, 2 dead in subsidiary of Hunan Gold Corporation(002155.SZ)

Zhongji Xuchuang announced that the company's 1.6T product has already begun mass production and is expected to see an increase in shipments every quarter. The company is optimistic about the continuous growth in demand for AI computing power in the coming years and the increase in investment in AI infrastructure.

New Stock News | XTransfer submits application to Hong Kong Stock Exchange.

According to the disclosure by the Hong Kong Stock Exchange on April 24th, Extransfer Limited-W (abbreviated as XTransfer) has submitted its application for listing on the main board of the Hong Kong Stock Exchange, with UBS Group and China International Capital Corporation acting as its joint sponsors.

State Council Meeting: Discussing Work Related to Technological Innovation.

Li Qiang presided over the State Council executive meeting to discuss matters related to technological innovation.

The Nasdaq 100 index futures continued to rise, reaching an intraday high of 1.1%.

Chifeng Jilong Gold Mining (06693) recorded a first-quarter net profit attributable to the parent company of 988 million yuan, an increase of 104.43% year-on-year.

Chifeng Gold (06693) released its first quarter report for 2026, with the company achieving operating income of RMB 3.54 billion, an increase of 47.65% year-on-year; net profit attributable to shareholders of the listed company reached RMB 0.988 billion, an increase of 104.43% year-on-year; basic earnings per share were RMB 0.52.

ZTE Corporation (00763) reported a net profit attributable to shareholders of 1.31 billion yuan in the first quarter, a decrease of 46.58% year-on-year.

ZTE Corporation (00763) released its first quarter report for 2026, with operating revenue of 34.988 billion yuan, an increase of 6.13% year-on-year; net profit attributable to shareholders was 1.31 billion yuan, a decrease of 46.58% year-on-year; basic earnings per share was 0.27 yuan.

Great Wall Motor (02333) reported a first quarter net profit attributable to shareholders of 945 million yuan, a decrease of 46.01% year-on-year.

Great Wall Motors (02333) released its first quarter report for 2026, with the group achieving a total operating income of 45.109 billion yuan, an increase of 12.72% year-on-year; the net profit attributable to shareholders of the listed company was 945 million yuan, a decrease of 46.01% year-on-year; and the basic earnings per share were 0.11 yuan.

Stellantis (STLA.US) restructures its brand investment logic: resources focus on profit core.

Insiders say that Stellantis will focus its funds on core automotive brands during the CEO-led transformation.

Zhaojin Mining (01818) reported a net profit attributable to shareholders of 1.189 billion yuan in the first quarter, an increase of 80.44% year-on-year.

Zhaojin Mining (01818) released its first quarter report for 2026, with an operating income of 4.46 billion yuan, a year-on-year increase of 46.67%; a net profit attributable to shareholders of 1.189 billion yuan, a year-on-year increase of 80.44%; and basic earnings per share of 0.32 yuan.

The Hong Kong Securities and Futures Commission is once again participating in global regulatory efforts to combat illegal activities by financial influencers.

The Hong Kong Securities and Futures Commission is collaborating with securities regulatory agencies around the world to combat illegal activities of financial influencers.

From NVIDIA's AI error correction to Cisco's aim at "quantum interconnection", the quantum craze is once again creating a huge wave! Technology giants are competing in the commercialization of quantum computing.

Quantum computing is becoming the most sought-after next-generation "grand technology narrative" after the AI super wave.

The resold ticket for the final World Cup match between the United States, Canada, and Mexico was priced at nearly $2.3 million.

The official FIFA ticket resale platform recently had 4 tickets for the 2026 FIFA World Cup final, with each ticket priced at close to $2.3 million. It is understood that these 4 tickets were for the World Cup final held on July 19 at the MetLife Stadium in East Rutherford, New Jersey. Each ticket was priced at $2,299,998.85, with seats located in section 124, lower tier behind the goal, row 45, seats 33 to 36. On that day, the lowest price for final tickets on the platform was $10,923.85. According to the United States, FIFA does not control the resale prices of tickets in the market, but charges a 15% commission from both the buyer and seller of each ticket. The FIFA World Cup in the United States, Canada, and Mexico is scheduled to be held in 16 cities from June 11 to July 19. Earlier this month, FIFA said that ticket sales data from the completed three rounds showed a record high number of successful ticket purchases from fans around the world. This event is expected to break the record of 3.5 million spectators set at the 1994 World Cup in the United States. The high ticket prices this year have been criticized by several fans' organizations, but FIFA President Infantino has stated that this is a result of high demand, "the United States has a dynamic pricing model, meaning prices will rise or fall based on the specific game."

Hong Kong stocks mid-day review: rebound near midday! Hang Seng Technology rose 0.34%, semiconductor stocks surged significantly

The three major stock indexes in Hong Kong rebounded near midday, with the Hang Seng Technology Index and the state-owned enterprise index rising by 0.34% and 0.09% respectively, while the Hang Seng Index continued to fall by 0.2%. Weighted technology stocks that had been declining continuously saw some recovery, with Baidu surging more than 2% in a straight line, Alibaba in the green, and Tencent, Xiaomi, and JD.com down by less than 0.6%. Semiconductor stocks showed a significant increase, with Huahong Semiconductor leading the gains, while oil stocks, brain-computer interface stocks, and robotics stocks all rose. Additionally, spot gold fell below $4700 again, with inflation prospects becoming a market focus. Gold stocks continued their weak trend, with Walc Nuclear Materials leading the decline by more than 12% after its performance, followed by a decline in nuclear power stocks, as well as lackluster performances in lithium battery stocks, Macau casino stocks, and aviation stocks.

Longitude and latitude have fallen 68%, previously announced the implementation of a stock "one for four" plan.

As of the deadline for submission, JWTD's stock has dropped by 68.20%. In terms of news, JWTD previously announced a detailed timetable for its stock split. The company will implement a "one-for-four" stock split plan, dividing each existing share into four new shares to adjust its stock price and liquidity.

DeepSeek-V4 preview version officially launched, providing a brand new experience with 1M ultra-long context memory.

DeepSeek-V4 has a million-word super long context, leading in Agent ability, world knowledge, and reasoning performance in both domestic and open source fields.

AI competition accelerates! OpenAI releases GPT-5.5 "smartest ever", Anthropic simultaneously promotes Mythos to the UK industry.

OpenAI has released GPT-5.5; meanwhile, British banks and businesses are seeking to adopt Anthropic's Mythos.

"Integrating computing and electricity" is becoming a new rule for AI infrastructure: SoftBank plans to build its own battery production capacity to complete the energy foundation closed loop.

Softbank is preparing to produce batteries for artificial intelligence data centers.

The Zhuque-3A remote-sensing satellite is undergoing final preparations before leaving the factory.

Zhuque-3 Y2 rocket is undergoing pre-launch preparations, and will once again challenge sub-orbital recovery and reuse.

The first batch of services for the third stage of Hong Kong's "Single Trade Window" will be launched on May 1st.

The first batch of services for the third phase of the Hong Kong Trade Single Window will officially launch on May 1st, replacing the "Road Cargo Information System" for the industry to submit and bundle road pre-arrival cargo information. User data from the "Road Cargo Information System" will be automatically transferred to the "Single Window" system, and users only need to log in with their original account to seamlessly use the "Single Window" service without the need for re-registration. The "Road Cargo Information System" will stop services from midnight on May 1st to switch systems, and the "Single Window" system is expected to be launched early in the same day. During the system switch, land border control stations will maintain normal cargo clearance services. Hong Kong Customs reminds the industry to plan in advance to submit road pre-arrival cargo information and complete related bundling arrangements to ensure smooth cross-border transportation during the system switch. Hong Kong Customs will continue to maintain close contact with the industry to assist with the smooth transition to the third phase of the "Single Window" service.

Stalemate in US-Iran negotiations: Oil prices rise for the fifth consecutive time, and Brent crude briefly surpasses $107, reaching a ten-day high.

Geopolitical risks have sharply risen, driving international oil prices higher for the fifth trading day in a row, with the dollar also hitting a 10-day high.

Performance Crushes Expectations, CPU Strategic Value Validated! Under the leadership of Chen Liwu, Intel Corporation (INTC.US) has embarked on a transformation from "survival" to "expansion".

Intel released first quarter results and second quarter guidance that far exceeded market expectations, indicating that the long-struggling chip maker is benefiting from the massive wave of artificial intelligence (AI) deployments.

The Nikkei 225 index opened at 59407.44 points in the morning, up 0.45%.

Tianxing Medical (01609) is now opening for IPO, with an offer price of 98.5 Hong Kong dollars per share. Institutional investors will subscribe for 37 million US dollars worth of shares.

Tianxing Medical (01609) will be listed for public offering from April 24th to April 29th, 2026. The company plans to globally issue 8.42185 million H shares, with 10% of the shares being offered in Hong Kong and the remaining 90% in the international market. The issue price per share is HK$98.50 and each lot consists of 50 shares. The trading of the shares is expected to begin at 9:00 am on May 5th, 2026 (Tuesday) on the Hong Kong Stock Exchange.

The probability of the Federal Reserve keeping interest rates unchanged in April is 99%.

According to CME's "FedWatch": The probability of the Federal Reserve raising rates by 25 basis points in April is 1%, while the probability of keeping rates unchanged is 99%. The probability of the Federal Reserve cutting rates by a cumulative 25 basis points by June is 2.6%, the probability of keeping rates unchanged is 96.4%, and the probability of raising rates by a cumulative 25 basis points is 1%.

"Big Short" Michael Burry: Establishing positions to go long on Microsoft.

The Federal Reserve is pushing Wall Street to support new capital regulations, but large banks are still seeking more exemptions.

Despite senior officials at the Federal Reserve showing clear support for new regulations and reducing public pressure on Wall Street, large banks continue to push for further relaxation of capital requirements.

After Intel released its financial report, the stock prices of AMD Semiconductor and Arm Holdings rose by 6% in after-hours trading.

US Stock Market Move | Q1 performance exceeds expectations but fails to alleviate concerns about AI impact, IBM's (IBM.US) initial trading falls over 8%

On Thursday, IBM (IBM.US) plunged more than 8% in early trading, with a cumulative decline of 22% so far this year, now trading at $230.59.

The Australian Society of Accountants: Strong Performance of Hong Kong Small and Medium Enterprises in 2025, with Business Growth Rate Reaching Nearly a 10-Year High.

The latest release of the "Asia Pacific Small Business Survey 2025-2026" by the Institute of Accountants of Australia shows that the operational performance of small and medium-sized enterprises in Hong Kong continues to improve, with many key indicators reaching historic highs, reflecting a significant improvement in the overall business environment and a significant increase in business confidence.

Stellantis is pushing forward with capacity adjustments in Europe, considering selling or sharing four factories.

Stellantis (STLA.US) is actively working to address the issue of excess production capacity. The company has identified four European factories that could potentially be sold or shared, including the Rennes factory in France.

China Telecom Corporation (00728) announced its first quarter financial results, with a net profit attributable to shareholders of 7.35 billion yuan, a decrease of 17.1% year-on-year.

China Telecom (00728) released its first quarter report for 2026, with the group achieving operating revenue of RMB 131.967 billion (same unit below), a decrease of 2.6% year-on-year; the company's net profit attributable to shareholders was RMB 7.35 billion, a decrease of 17.1% year-on-year; basic earnings per share were RMB 0.08.

How steep is the increase in memory prices? Japan's flash memory giant Kioxia has seen its market value rise from 43rd place to top ten in just half a year.

Kioxia Holdings Corp., the company that produces NAND flash memory as its core product, has made its debut into the top ten largest market value companies in Japan. The continuous rise in NAND flash memory prices has significantly boosted the company's stock price.

ByteDance launches 3D creation tool Seed3D 2.0 for large models.

On April 23, ByteDance officially released a higher precision new generation 3D large model - Seed3D 2.0. It is reported that the model adopts the MoE architecture, uses sparse expert routing to control the inference computing amount while expanding the model parameter quantity and resolution, enabling the model to generate richer texture details and more precise metal-roughness boundaries. Currently, the Seed3D 2.0 technical report has been published, and the API has also been launched on the Volcano Engine.

Wall Street veteran Adrian: The risk of war is far from over, but the US stock market will not return to its March lows.

As Trump's statements about the imminent end of the war repeatedly fluctuate, and peace talks evolve into a game of brinkmanship surrounding the key waterway of the Strait of Hormuz, Yadeini expressed that he anticipates this war will limit market gains until the conflict is resolved.

Hope for the resumption of the Strait of Hormuz is dashed! The US-Iran standoff escalates, US military says mine-clearing will take 6 months.

The game between the US and Iran for control of the Strait of Hormuz is still ongoing.

The US Department of State requires American citizens in Iran to depart immediately.

The Consular Affairs Bureau of the U.S. Department of State posted on social media on the 22nd, stating that as Iran has announced the partial reopening of its airspace, U.S. citizens in Iran should depart immediately. The post advised U.S. citizens to follow local media for the latest updates on the situation and consult commercial airlines for information on flights out of Iran. Additionally, U.S. citizens can travel overland to Armenia, Azerbaijan, Turkey, and Turkmenistan, but should avoid traveling to regions adjacent to Afghanistan, Iraq, or Pakistan.

Iran seizes two ships passing through the Strait of Hormuz, causing the price of Brent oil to rise by 3% and return to above $100.

After Iran detained a container ship, the United States maintained a naval blockade, causing the price of Brent crude oil to rise to above $100 per barrel.

Tesla: working hard to launch intelligent driver assistance technology in the Chinese market as soon as possible.

On April 23rd, Tesla announced that the company has obtained approval for its advanced driver assistance system in the Netherlands in April, which is crucial for approval in other EU countries. At the same time, the company is working hard to launch the advanced driver assistance system in the Chinese market as soon as possible.

HK Stock Market Move | Chongqing Sokon Industry Group Stock(09927) rose over 6% in early trading. The company plans to repurchase 1-2 billion yuan worth of A shares and plans to increase capital and expand shares in its subsidiary, Land Electric Technology.

Sally (09927) rose more than 6% in early trading, up 4.56% as of press time to HKD 83.7, with a turnover of HKD 62.3647 million.

The price is too expensive, I can't afford it! The largest customer Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR has given up on the latest lithography equipment from ASML Holding NV ADR (ASML.US) until 2029.

TSMC (TSM.US) stated that in order to save costs, they will postpone using ASML's most advanced chip lithography equipment for mass production until after 2029, which may pose a threat to the manufacturer of this expensive equipment.

AI storage demand continues to surge! SK Hynix's Q1 profits soar five times, revenue surpasses 5 trillion Korean won for the first time.

SK Hynix's first-quarter profit surged significantly due to the sharp increase in prices of artificial intelligence storage chips.

Texas Instruments Incorporated (TXN.US) continues its recovery momentum! Q1 performance is in full bloom, with data center revenue soaring by 90%. Q2 guidance surpasses market expectations.

Benefiting from the surge in data center and industrial equipment spending, Texas Instruments provided unexpectedly strong performance guidance. The company also announced strong first quarter earnings.

Tesla, Inc. (TSLA.US) Q1 profits exceed expectations, free cash flow unexpectedly turns positive, Musk announces plans to "significantly increase investment", with a target of producing one million Optimus vehicles per year.

Tesla (TSLA.US) announced its first quarter financial report for 2026 after the closing bell on April 22nd, Eastern Time, stating that global demand for electric vehicles is recovering and its performance exceeds analysts' average expectations.

Latest

19 m ago

According to the AI Fast News of Every Economic Daily, Dongwu Securities issued a research report on April 25, giving Guotai Haitong (601211.SH) a "buy" rating. The rating reasons mainly include: 1) Deepening the wealth management business model, and the post-market share is significantly improved; 2) The post-integration investment banking team further expands, and business capabilities are expected to further improve; 3) One participant, two controllers and one brand, the strength of the large asset management is significantly improved; 4) The proprietary trading style is stable, and the post-investment asset size has significantly increased. (Everyday Economic News)

22 m ago

Jiuzhou Pharmaceuticals: In 2026, the company will face fluctuations in gross profit margin due to factors such as the expiry of the patents of major client projects and price increases in raw materials.

27 m ago

Oumowei announced strategic cooperation with Neopower and BoTai Auto, respectively, to help Chinese automobile companies expand overseas.

37 m ago

Chinese Embassy in Mali: Remind Chinese citizens not to travel to Mali for the time being. Chinese citizens in Mali must raise their awareness of security precautions.

39 m ago

SAIC Volkswagen's ID.ERA 9X officially launched at the Beijing Auto Show, with over 10,000 pre-orders within the first hour.

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