FUTU Morning Post

Futu Morning News | AI stocks collectively fell back! Nvidia fell nearly 13% in three days; not only Huang Renxun, other chip companies' executives are also selling shares.

Futu News · Jun 25 08:04

热点要闻

美联储今年票委戴利：通胀并非唯一风险，政策必须“表现出谨慎”

2024年美联储FOMC会议投票委员、旧金山联储主席戴利周一表示，美联储在控制通胀的过程中必须“表现出谨慎”，避免过早宣布（抗通胀）胜利。而美国劳动力市场正接近拐点，劳动力市场进一步降温可能导致失业率上升，且上升的风险越来越大。

美联储提出较宽松版本的银行资本改革方案

据知情人士透露，美联储向其他监管机构展示了一份文件，其中可能对银行资本改革进行修改，这将大大减轻华尔街银行的负担。去年的方案要求，资产值超过1000亿美元的银行必须将资本金增加约16%，修改后方案可能最低只提升5%。监管机构在考虑改变方案对交易、财富管理和投资银行活动相关风险——即市场风险的评估方式。原方案可能对交易业务庞大的银行有很大影响。

策略师：银行股或能在特朗普获胜的推动下获利，科技股无论如何恐下跌

Stifel策略师Brian Gardner表示，如果前总统特朗普重新入主白宫并横扫国会，银行、消费金融公司、加密公司和抵押贷款融资巨头等可能会表现良好；然而无论哪位候选人获胜，科技企业都将迎来下跌。他认为，银行板块获得了特朗普的支持，因为特朗普政府可能会对美国货币监理署和美国联邦存款保险公司进行改革。而如果拜登获胜，可能会对银行并购施加新的限制；可能刺激敲定当前巴塞尔协议III提案的势头，并"可能为更激进的流动性规则打开大门"。

美国银行：未来金价有望触及3000美元

美银分析师预测，金价可能会飙升，预计在未来12至18个月内达到3000美元/盎司。然而，他们承认目前的市场流动并不一定支持这一价格目标。美银解释称，达到3000美元取决于非商业需求的增加。他们认为，美联储降息可能引发这种情况，导致资金流入实物支持的黄金ETF，并提高交易量。此外，央行的购买是另一个关键因素。此外，央行持续购买黄金也是重要因素。

比特币基金创ETF获批以来最大两周资金流出规模

比特币投资产品连续第二周资金流出规模约6亿美元，这是自美国1月份批准比特币ETF以来的最大两周流出规模。总体而言，CoinShares International Ltd.数据显示，截至6月21日当周数字资产产品资金流出5.84亿美元。比特币产品占据了大部分资金流出，上周资金流出6.3亿美元，此前一周有6亿美元流出。据报告，Fidelity的比特币基金资金流出最多，达2.7亿美元；Grayscale的基金流失超过1.5亿美元资金。

日元160关口岌岌可危，日本政府强硬警告“如有必要，将全天24小时随时准备干预市场”

日元兑美元周一逼近4月末日本政府上次干预汇市的160水平附近。日本政府负责外汇事务的最高官员神田真人警告后，日元短线跳涨，一度收复159、较日低回涨近0.7%，此后很快跌回159下方，盘中回吐多数涨幅，勉强终结七日连跌。分析认为，在美日利差持续扩大的背景下，日元贬值压力短期内难以根本缓解。

美股复盘

美股三大指数收盘涨跌不一，英伟达跌超6%创两个月来最大单日跌幅

美股三大指数收盘涨跌不一，道指涨0.67%，纳指跌1.09%，标普500指数跌0.31%，大型科技股多数下跌，英伟达跌超6%，创两个月以来最大单日跌幅。

半导体、电脑硬件股跌幅居前，超微电脑跌超8%，戴尔科技、高通跌超5%，博通跌超3%。

石油与天然气、百货商店涨幅居前，柯尔百货涨超7%，梅西百货涨超4%，埃克森美孚涨近3%；

热门中概股多数上涨，纳斯达克中国金龙指数涨1.30%。理想汽车、蔚来涨超3%，小鹏汽车涨超2%，网易、阿里巴巴涨超1%。

英伟达三日累跌近13%，市值跌逾4000亿美元，股价已进入回调区域

$英伟达 (NVDA.US)$股价周一下跌，在近期持续被大幅抛售后正在进入回调区域。该股三连跌，三个交易日来已累计下跌近13%，超过10%就代表进入了回调区段，芯片板块也受到拖累。三日来的下跌令英伟达市值蒸发逾4,000亿美元，回到3万亿美元以下，低于微软和苹果市值。

黄仁勋一周套现9500万美元英伟达股票，其他芯片企业CEO也在抛自家股

各大芯片股高管今年套现金额大幅增加，其中黄仁勋抛售最多。文件显示，黄仁勋一周减持72万股，套现9460万美元，2025年3月前，黄仁勋还可以套现528万股。$美光科技 (MU.US)$CEO今年1到6月减持超45.7万股，套现5200万美元。$高通 (QCOM.US)$CEO 1到5月减持4.05万股，共套现690万美元。$Coherent (COHR.US)$ CEO 3月到5月减持1.5万股，套现84.67万美元。

欧盟打响《数字市场法案》第一枪，警告苹果应用商店违法

欧盟委员会周一发布公告称，经调查初步认定$苹果 (AAPL.US)$公司的应用商店（App Store）涉嫌违反《数字市场法案》。这也使得消费电子巨头领到该法案今年3月生效后，欧盟反垄断机构打出的“第一颗子弹”。作为意料之中的进展，欧盟同时宣布，对苹果应用商店收取“核心技术费”、iPhone用户从第三方渠道下载应用的复杂步骤等情况展开调查。

诺和诺德官宣41亿美元扩展北美制造基地

当地时间周一，丹麦生物制药公司$诺和诺德 (NVO.US)$在官网宣布投资41亿美元（约合270亿丹麦克朗），以扩大公司在美国的制造产能。具体来看，诺和诺德计划在美国北卡罗来纳州克莱顿建造第二座灌装和精加工制造工厂，增强其生产司美格鲁肽相关药物——“维格威”（Wegovy）和“诺和泰”（Ozempic）的能力。公司在新闻稿中称，41亿美元的设施已开始建设，总占地达到26英亩，增加140万平方英尺的生产空间用于无菌制造和成品生产流程，建设将在2027年至2029年间逐步完成。

特朗普媒体科技集团涨超21%，预计将在行使权证后获得6940万美元

$特朗普媒体科技集团 (DJT.US)$涨超21%报33.52美元。上周，该公司宣布预计将于2024年6月20日和21日获得超过6940万美元的现金行权权证。TMTG透露，如果所有注册声明涵盖的权证均以现金行权，该公司最多可获得约2.47亿美元。

空客下调全年商用飞机交付目标，并推迟A320增产计划

$空中客车集团(ADR) (EADSY.US)$收跌逾6%，报37.14美元，总市值1175亿美元。空客下调全年飞机交付指引，预计本财年商用飞机交付量为770架，此前为800架；预计全年调整后EBIT大约为55亿欧元，之前预计为65亿-70亿欧元；上半年计提大约9亿欧元费用；公司正面临特定的供应链问题；预计全年调整后自由现金流大约35亿欧元；将A320的产量提升计划推迟一年。

美股成交额TOP20

港市前瞻

北水买入建行超5亿港元、卖出美团近4亿港元

6月24日（周一），南下资金净卖出港股21.19亿港元。

$建设银行 (00939.HK)$、$工商银行 (01398.HK)$、$中国石油化工股份 (00386.HK)$分别获净买入5.15亿港元、4.25亿港元、1.87亿港元；

$盈富基金 (02800.HK)$、$美团-W (03690.HK)$、$快手-W (01024.HK)$分别遭净卖出15.9亿港元、3.93亿港元、2.39亿港元。

今日关注

关键词：美国谘商会消费者信心指数；今年票委、旧金山联储主席戴利讲话；美联储理事鲍曼讲话

周二，经济数据方面，美国谘商会将公布6月消费者信心指数，这是一个预测消费开支的领先指标；美国截至6月17日当周红皮书商业零售销售年率也将公布。

4月S&P/CS20座大城市未季调房价指数年率、4月FHFA房价指数月率等房地产指数将于同日公布。

此外，中国香港5月贸易帐也将公布。

经济事件方面，2024年FOMC票委、旧金山联储主席戴利就货币政策和经济发表讲话；美联储理事鲍曼就货币政策和银行资本改革发表讲话。

牛牛晨读：

不要担心市场会做什么；要担心你会对市场作出什么反应。
——迈克尔·卡尔

编辑/new

Hot news

Fed governor Daley: Inflation is not the only risk, policy must "be cautious"

In the 2024 FOMC meeting, voting member and San Francisco Fed President Daly said that the Fed must "be cautious" in controlling inflation and avoid announcing victory over (anti-inflation) too early. Meanwhile, the US labor market is approaching a turning point, and further cooling of the labor market could lead to an increase in the unemployment rate, with increasing risks of such increase.

The Fed has proposed a more flexible version of bank capital reform.

According to sources, the Fed has shown other regulatory agencies a document that may modify bank capital reform, which will greatly reduce the burden on Wall Street banks. Last year's plan required banks with assets over $100 billion to increase their capital by about 16%, while the modified plan may only raise it by as low as 5%. Regulatory agencies are considering changing the way market risk is evaluated for trading, wealth management, and investment banking activities. The original plan may have a significant impact on banks with large trading businesses.

Strategist: Bank stocks may benefit from Trump's victory, while tech stocks may fall regardless of the election results.

Stifel strategist Brian Gardner said that if former President Trump returns to the White House and sweeps Congress, banks, consumer finance companies, cryptocurrency companies, and mortgage financing giants may perform well. However, no matter who becomes president, technology companies will experience a decline. He believes that the bank sector has received Trump's support because the Trump administration may reform the US Currency Supervision Bureau and the US Federal Deposit Insurance Corporation. If Biden wins, new restrictions on bank mergers may be imposed, which may stimulate the trend of finalizing the current Basel III proposal and "may open the door to more aggressive liquidity rules".

Bank of America: Gold price is expected to reach $3,000 in the future.

Bank of America analysts predict that gold prices may soar and are expected to reach $3,000/oz in the next 12 to 18 months. However, they admit that the current market flow does not necessarily support this price target. Bank of America explains that reaching $3,000 depends on the increase in non-commercial demand. They believe that the Fed's rate cuts may trigger this situation, leading to an inflow of funds into physically supported gold ETFs and increasing transaction volume. In addition, central bank purchases are another key factor. In addition, continuous central bank purchases of gold are also important factors.

The largest two-week outflow of funds since the approval of bitcoin funds to create ETF.

Investment products in bitcoin saw capital outflows for the second consecutive week, with an outflow of about $600 million. This is the largest two-week outflow since the approval of the Bitcoin ETF in the United States in January. Overall, CoinShares International Ltd. data shows that digital asset product funds flowed out $584 million by the week of June 21. Bitcoin products accounted for the majority of the capital outflows, with an outflow of $630 million last week and $600 million the previous week. According to reports, Fidelity's bitcoin fund had the largest outflow of funds, reaching $270 million. Grayscale's fund lost more than $150 million.

The Japanese yen's position at 160 is in jeopardy, and the Japanese government has strongly warned that "if necessary, it will be ready to intervene in the market 24 hours a day."

The Japanese yen against the US dollar approached the level of 160, when the Japanese government last intervened in the foreign exchange market at the end of April. After Kanda Masato, the top official responsible for foreign exchange affairs in the Japanese government, issued the warning, the yen jumped short-term and once regained 159, up nearly 0.7% from the daily low, and then quickly fell back to below 159. The analysis believes that under the background of the continuous expansion of the US-Japan interest rate differential, the pressure on the depreciation of the yen is difficult to fundamentally ease in the short term.

Gamestop's surge has dramatically narrowed, with the trading platform considering unplugging the internet of US retail investors.

The three major US stock indexes closed up and down, with Nvidia falling more than 6%, the largest single-day decline in two months.

The three major US stock indexes closed up and down, with the Dow Jones up 0.67%, the Nasdaq down 1.09%, and the S&P 500 index down 0.31%. Most large technology stocks fell, and Nvidia fell more than 6%, the largest single-day decline in two months.

Semiconductors and computer hardware stocks lead the decline, with Super Micro Computer falling more than 8%, Dell Technologies and Qualcomm falling more than 5%, and Broadcom falling more than 3%.

Petrochemicals and department stores lead the gains, with Kohl's Corp up more than 7%, Macy's up more than 4%, and Exxon Mobil up nearly 3%.

Most China concept stocks rose, with the Nasdaq Golden Dragon Index up 1.30%. Ideal Auto, NIO rose more than 3%, Xpeng rose more than 2%, Netease, Alibaba rose more than 1%.

NVIDIA fell nearly 13% in three days, with a market cap of more than $400 billion, and the stock price has entered the correction zone.

$NVIDIA (NVDA.US)$The stock price fell on Monday, entering the correction zone after being heavily sold recently. The stock has fallen for three consecutive days, with a cumulative decline of nearly 13% in the past three trading days, which means that it has entered the correction section if it exceeds 10%, and the chip sector has also been affected. The three-day decline has evaporated more than $400 billion from NVIDIA's market value and dropped below $3 trillion, lower than Microsoft and Apple's market value.

Huang Renxun cashed out $95 million of NVIDIA shares in one week, and CEOs of other chip companies also sold their own shares.

CEOs of major chip stocks have significantly increased their selling this year, with Huang Renxun selling the most. Documents showed that Huang sold 720,000 shares in a week, cashing out $94.6 million. Before March 2025, Huang can also cash out 5.28 million shares.$Micron Technology (MU.US)$The CEO sold more than 457,000 shares and cashed out $52 million in the first six months of this year.$Qualcomm (QCOM.US)$The CEO sold 40,500 shares from January to May, with a total cash-out of $6.9 million.$Coherent (COHR.US)$The CEO sold 15,000 shares from March to May and cashed out $846,700.

EU launches the first shot of the Digital Markets Act and warns that Apple's app store is illegal.

The European Commission announced on Monday that it has preliminarily determined that it$Apple (AAPL.US)$Apple's App Store is suspected of violating the Digital Markets Act. This has also led to the EU's antitrust agency taking the "first shot" since the bill came into effect in March this year. As expected, the European Union also announced an investigation into several issues, such as Apple's App Store charging "core technology fees" and the complex procedures for iPhone users to download apps from third-party channels.

Novo Nordisk announced on Monday to invest $4.1 billion to expand its North American manufacturing base.

Danish biopharmaceutical company$Novo-Nordisk A/S (NVO.US)$announced on its official website to invest $4.1 billion (approximately DKK 27 billion) to expand its manufacturing capacity in the United States. Specifically, Novo Nordisk plans to build a second filling and finishing manufacturing facility in Clayton, North Carolina, to enhance its capabilities in producing the drug-related to anti-obesity medication Wegovy and Ozempic. The company stated in the press release that the $4.1 billion facility has begun construction, covering a total area of 26 acres and adding 1.4 million square feet of production space for sterile manufacturing and finished product production processes. The construction will be completed gradually between 2027 and 2029.

Trump's media and technology group rose more than 21% and is expected to receive $69.4 million after exercising the warrants.

$Trump Media & Technology (DJT.US)$Up more than 21% to $33.52. Last week, the company announced that it is expected to receive more than $69.4 million in cash from exercise warrants on June 20-21, 2024. TMTG revealed that if all the warrants covered by the registration statement are exercised in cash, the company can receive a maximum of approximately $247 million.

Airbus lowered its full-year commercial aircraft delivery target and delayed the A320 production increase plan.

$AIRBUS SE (EADSY.US)$fell more than 6% to $37.14, with a total market value of $117.5 billion. Airbus lowered its full-year aircraft delivery guidance, with expected commercial aircraft deliveries of 770 this fiscal year, down from 800 before. EBIT after adjustment is expected to be approximately 5.5 billion euros for the full year, compared to the previous estimate of 6.5-7 billion euros. Provisions of approximately 900 million euros have been included in the first half of the year; the company is facing specific supply chain issues; the adjusted FCF is expected to be approximately 3.5 billion euros for the full year. The increase production plan for A320 will be delayed for one year.

If you want to play this game, you must believe in yourself and your judgment.

BeiShui crazily bought China Mobile for nearly HKD 1.8 billion and sold Tencent for about HKD 200 million. On Monday (June 3rd), Southbound funds net purchased HKD 3.4 billion of Hong Kong stocks.

Beishui bought more than HKD 500 million in Construction Bank and sold nearly HKD 400 million in Meituan.

On Monday (June 24), the net southbound fund sold HKD 2.119 billion of Hong Kong stocks.

$CCB (00939.HK)$, $ICBC (01398.HK)$, $SINOPEC CORP (00386.HK)$Net purchases were HKD 515 million, HKD 425 million, and HKD 187 million, respectively.

$TRACKER FUND OF HONG KONG (02800.HK)$, $MEITUAN-W (03690.HK)$, $KUAISHOU-W (01024.HK)$Net sales were HKD 1.59 billion, HKD 393 million, and HKD 239 million, respectively.

The company's overall sales volume in 2023 was 18,000 kiloliters, with a year-on-year increase of 28.10%, indicating significant growth. In terms of product structure, the operating income of products worth 10-30 billion yuan were 401/1288/60 million yuan respectively.

Keywords: US Conference Board Consumer Confidence Index; Speeches by FOMC Voter and San Francisco Fed President Daly; Speech by Fed Director Bowman.

On Tuesday, in terms of economic data, the Conference Board will release the Consumer Confidence Index for June, which is a leading indicator of consumer spending. The Redbook Business Retail Sales Index for the week ending June 17th will also be released.

On the same day, real estate indices including the April S&P/CS 20-City Non-Seasonally Adjusted Home Price Index and the April FHFA House Price Index Month-to-Month Index will be released.

In addition, Hong Kong's May trade account will also be released.

In terms of economic events, FOMC Voter and San Francisco Fed President Daly will speak on monetary policy and the economy in 2024, while Fed Director Bowman will speak on monetary policy and banking capital reform.

Futubull Morning News:

Don't worry about what the market will do; worry about how you will react to the market.
- Michael Carr

Editor/new

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