Hot news

• Who: the O'Micron epidemic in South Africa is coming to an end, with the lowest fatality rate in several waves of outbreaks

Dr. Morty, Regional Director for Africa of the World Health Organization, said on the 20th that "the O'Micron epidemic is receding, and this wave of epidemic is ending (in South Africa)." The data show that the proportion of cases with serious illness is much lower than at the peak of the Delta epidemic. In this wave of outbreaks, the cumulative average case fatality rate (the proportion of deaths among confirmed cases) in Africa is only 0.68%, compared with more than 2.4% in the previous three peak outbreaks.

• Us Senate Judiciary Committee approves antitrust bill against tech giants

On Thursday (Jan. 20), the Senate Judiciary Committee approved an antitrust bill for technology giants, bringing it one step closer to deliberation in the Senate plenary session. The bill, which aims to protect digital competition, would prohibit tech giants from providing advantages to their products, services or lines of business on their platforms, targeting Apple Inc, Alphabet Inc-CL C, Amazon.Com Inc and Facebook Inc.

• Yellen: inflation is expected to remain above 2% in 2022

Us Treasury Secretary Yellen said that inflation is expected to remain above 2% in 2022, there are many uncertainties in inflation, and inflation is expected to decline this year over time. It also expressed strong support for the independence of the Federal Reserve, which plays an important role in controlling inflation. Even if fiscal support is reduced, there is still a buffer in accumulated savings that will continue to support the economy in the coming years; it is hoped and intended to reduce inflation to a level consistent with the Fed's explanation of price stability; the responsibility for dealing with inflation lies with the Fed and the Biden administration.

• The European Union plans to produce 20% of the world's chips by 2030

European Commission President von Delane said at the annual meeting of the World Economic Forum on the 20th that the EU will submit a draft law to regulate EU chip production early next month, with a view to doubling EU-made chips within 10 years. Von der Lane said that at present, most of the chips used in the EU come from outside the EU, resulting in strong external dependence and supply instability, which the EU cannot afford. By 2030, 20% of the world's chips should be produced by companies in EU countries. To this end, the proposed EU Chip Act will revise the industrial support policies of EU governments, improve their ability to predict supply shortages and crises, and strengthen scientific research.

• The median US house price rose 16.9% in 2021, an all-time high

According to data released by the National Association of Realtors on Jan. 20, the median price of U.S. home sales in 2021 was $346900, up 16.9% from 2020 and the highest since 1999. The figures also show that 6.12 million homes were sold in the US in 2021, an increase of 8.5 per cent over the previous year. At the end of December 2021, the inventory of unsold existing homes fell to 910000 units, a record low.

• Banks in Beijing, Shanghai, Shenzhen and other places officially cut mortgage interest rates today.

With the latest reduction in 5-year LPR interest rates, banks in Beijing, Shanghai, Shenzhen and other places officially cut mortgage interest rates by 5 basis points today. Among them, the first home loan interest rate of banks in Beijing is generally reduced to 5.15%, and the second home loan rate is generally reduced to 5.65%; the first home loan interest rate of banks in Shanghai area is generally reduced to 4.95%, and the second home loan rate is reduced to 5.65%; the lowest interest rate of first home in Shenzhen area is reduced to 4.9%, and the lowest interest rate of second home is reduced to 5.2%.

Review of US stocks

• Us stocks fell in late trading for three consecutive days, with the Nasdaq hitting its lowest level since late June 2021

Us stocks rallied and fell back on Thursday, falling at the end of three consecutive trading days. The three major indexes were all up more than 1% in early trading, and the Nasdaq was up more than 2% at one point, but gave up all its gains in the afternoon and finally closed down all three major stock indexes.

The Nasdaq fell 1.3%, its lowest level since late June 2021; the S & P 500 fell 1.11%, its lowest level since mid-October 2021; the Dow fell 0.89%, and the daily line fell five times in a row, the lowest since late December 2021.

• Hot Chinese stocks continue to have a strong performance

The overall performance of hot Chinese stocks far outperformed the market. JD.com rose 6.5%, BABA 2.58%, Weibo 3.25%, Pinduoduo 2.75%, Bilibili Inc. 4.27%, Baidu, Inc. 4.89%, DiDi Global Inc. 6.99%, Full Truck Alliance Co. Ltd. 10.94%, New Oriental Education & Technology Group 1.73%, NetEase 0.10%, Tencent Music 1.17%, iQIYI 2.07%.

• Large technology stocks generally closed down

Apple Inc fell 1.03%, and Italian antitrust regulators recalculated fines on Apple Inc and Amazon.Com Inc. Microsoft Corp fell 0.57% Jing SEC documents revealed: if the $68.7 billion acquisition fails, Microsoft Corp will have to pay Activision Blizzard $20-3 billion. Alphabet Inc-CL C fell 1.34%. Amazon.Com Inc fell 2.96%. Tesla, Inc. closed up 0.06% Piper Sandler optimistic about Tesla, Inc. 's delivery in 2022, as high as $1300. Meta fell 0.95%, and shipments of Counterpoint,AR / VR equipment increased by 10 times over 100 million units in 3 years, with Apple Inc, Meta and Sony Group Corp being the biggest pushers.

• The US chip sector has fallen more than 10% this week, the biggest weekly decline in nearly two years.

On Thursday, the Philadelphia semiconductor index closed down 3.25%, breaking its closing low since October 2021 and nearing 2024 points. It has fallen more than 10% this week, which is likely to be the biggest weekly decline since March 2020. Its constituent stocks fell widely, and some stocks put the NASDAQ as a whole into a correction range.

• Nai's Frisbee plunged nearly 20%, and its first-quarter performance outlook was much lower than expected.

Streaming giant Netflix Inc announced its results for the fourth quarter of 2021 after Thursday's trading. Data show that Netflix Inc Q4 revenue of $7.71 billion, the number of net paid users of streaming media increased by 8.28 million, in line with market expectations, but the company's performance outlook for the first quarter of 2022 was significantly lower than market expectations.

Netflix Inc tumbled nearly 20 per cent to $407.99 in after-hours trading.

• Alphabet Inc-CL C appealed to the European Union Supreme Court to overturn the $2.8 billion fine.

Alphabet Inc-CL C said on Thursday that the company was appealing to the EU Supreme Court against its previous decision to maintain a $2.8 billion fine. This is Alphabet Inc-CL C's second request to overturn the fine, which was rejected by Alphabet Inc-CL C in November by the European Union's General Court of Justice (General Court).

• Mercedes-Benz will use Luminar's lidar technology

Luminar, a maker of self-driving sensors, has reached an agreement with Mercedes-Benz to use Luminar's lidar technology in its next generation of cars, according to the founder. Luminar closed up 11.52 per cent on Thursday on the news.

• It is reported that Intel Corp will announce plans to build the factory on Friday.

According to market news, Intel Corp will announce plans to build a factory on Friday after market rumors that the company will build a new factory in Columbus, Ohio.

• American Airlines and United Airlines say passenger traffic is expected to recover in March

American Airlines and United Airlines said on Thursday that passenger traffic was expected to recover in March after the brief impact of O'Micron, but that a new wave of outbreaks would continue to push up their costs this year.

• LUCKN COFFEE DRC denies returning to NASDAQ for listing

Earlier, sources said that LUCKN COFFEE DRC is studying the plan to re-list on NASDAQ, which could be carried out by the end of this year at the earliest. In response to this news, LUCKN COFFEE DRC officially replied to the media that the report was not true.

LUCKN COFFEE DRC delisted from Nasdaq nearly two years ago after an accounting scandal, when the company overstated its sales of $300m.

• China Finance Online Co Ltd plunged 38% and received a notice of delisting from NASDAQ.

China Finance Online Co Ltd announced that it has received notice from the Nasdaq hearing panel that it has decided to delist the Company's American depositary shares from NASDAQ by filing form 25 (delisting notice) with the Securities and Exchange Commission after the end of the applicable appeal period. trading in the Company's American depositary shares will be suspended from January 21, 2022.

Yesterday's turnover of US stocks TOP20

Turnover TOP20: the US Senate passed an antitrust bill, targeting giants such as Apple Inc

The Prospect of Hong Kong City

• Beishui bought a lot of technology stocks, increasing its position in Meituan for 13 consecutive days.

On Thursday, southward Capital bought HK $6.544 billion net, the 12th consecutive net purchase. Tencent, Meituan-W and Kuaishou Technology-W received a net purchase of HK $2.526 billion, HK $2.073 billion and HK $1.038 billion respectively. Southward funds have bought Meituan net for 13 consecutive days, totaling about 7.8272 billion Hong Kong dollars.

CNOOC Limited ranks first in net sales, with a value of HK $261 million.

• Evergrande plans to hire more intermediary agencies to assist the company in debt risk resolution.

China Evergrande Group: considering the operational and financial challenges currently faced by the group, especially the debt pressure, the company's risk resolution committee is actively studying solutions and communicating with creditors, and proposes to hire more intermediaries, including China International Jinrong Co., Ltd., Bank of China International Asia Co., Ltd., as financial advisors, and Zhonglun Law firm Co., Ltd., as legal advisers. Assist the company to carry out debt risk resolution, follow up the claims of creditors, and deal with debt problems fairly in accordance with the law.

Focus today

Key words: us week EIA crude oil inventory; New Oriental Education & Technology Group online financial report; Samsara Vision IPO

Niuniu morning reading:

You don't need genius intelligence, business vision or insider intelligence to be successful in investing all your life. What you really need is a sound knowledge structure for you to make decisions and the ability to avoid letting your emotions destroy it.

-- Buffett