Hot news

• S&P hits another all-time high! Impacting the strongest annual increase since the millennium.

As of November, the S&P 500 index has hit another all-time high, with a year-to-date increase of 26.74%, still holding the possibility of challenging the "largest annual increase after the millennium" - 29.60% (2013) in the last month, which means rising to 6182 points before the end of the year.

• To spur action in December, the Governor of the Bank of Japan stated that the wage trend is key to raising interest rates.

In an interview with Nikkei News released by Haruhiko Kuroda on Saturday, November 30th, local time in Japan, there was no explicit support for rate hikes in December. Instead, it was considered that the wage trend is key to raising interest rates. Kuroda also said that as the inflation rate rises above 2%, further depreciation of the yen may prompt the central bank to take "countermeasures".

• The hottest asset after the usa election: the usa bitcoin etf recorded a net inflow of capital in a single month.

According to Bloomberg data, 12 Bitcoin ETFs, including BlackRock and Fidelity, have attracted $6.2 billion in November, surpassing the $6 billion record set in February. The key driving factor behind the rise in Bitcoin prices is the outcome of the U.S. presidential election. President-elect Trump has promised to repeal the Biden administration's restrictions on cryptocurrencies and appoint regulators who support digital assets. Trump also supports the establishment of a U.S. Bitcoin Strategic Reserve.

• U.S. 'Black Friday' consumer performance was average, but online shopping set a new record.

With the end of Thanksgiving, the United States ushered in the annual shopping extravaganza of 'Black Friday'. Data shows that this year, Black Friday spending at U.S. retail stores only increased by 0.7%. In contrast, online sales in the U.S. e-commerce sector saw a significant growth of 14.6%, indicating that American consumers seeking value for money are more inclined to shop online. Meanwhile, generative AI chatbots have driven a sharp increase in traffic to retail websites, with digital retailers using generative AI achieving a 9% higher conversion rate compared to those not using AI.

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

• Dow Jones Industrial Average and S&P hit record highs, marking their best monthly performance in a year.

Last Friday, U.S. stocks opened high and closed higher, with all three major indexes rising collectively. The Dow and S&P continued to reach new highs.

Most large-cap tech stocks rose, with Tesla up 3.69%, Nvidia up 2.15%, Amazon up 1.05%, Apple up 1.02%, Meta up 0.90%, Microsoft up 0.11%, only Google Class C down 0.19%.

Cryptocurrency-related stocks showed divergent trends, with Coinbase down 4.75%, MicroStrategy down 0.35%; Ebang International up 17.99%, Bitdeer Technologies up 16.68%, Canaan up 16.48%.

Most popular China concept stocks rose, with Miniso up 8.22%, NIO up 2.28%, Li Auto up 1.59%, XPeng up 1.18%, Alibaba up 0.90%, JD.com up 0.51%, Baidu up 0.27%, Tencent Music down 0.87%, New Oriental down 2.02%, Pinduoduo down 2.27%, TAL Education down 3.97%.

• Tesla rose nearly 4%, posting a monthly increase of over 38%, marking the best two-year performance.

Last Friday, Tesla's closing price rose by nearly 4%, with a November increase of over 38%, the best in nearly two years. On the news front, on the 28th, Tao Lin disclosed that in 2024, Tesla has further shortened the payment cycle for supply chain partners compared to last year, now only needing around 90 days.

• Super Micro Computer fell by over 6% and terminated loan agreements with two banks.

$Super Micro Computer (SMCI.US)$ Fell by over 6%. On the news front, the company stated in the documents submitted later on Tuesday that it prepaid and terminated loan agreements with Cathay Bank and Bank of America, as recent revisions to these agreements made them more cumbersome. This move freed up some cash and lifted the restrictions related to the company's delayed audit of financial statements.

• US small-cap drone stocks have caught on the 'Donald Trump concept,' soaring over 9 times in November.

Small drone manufacturer $Unusual Machines (UMAC.US)$ Gained over 89% again last Friday, soaring over 9 times in November. On the news front, the company announced that best-selling author and company investor Donald Trump Jr. has joined the company's advisory board. He is the son of US President-elect Donald Trump.

• Meta is said to be planning to build a global underwater communication network spanning the globe, with a total investment exceeding $10 billion.

Sources revealed that Meta is planning to construct a global underwater communication cable that may span over 0.04 million kilometers in total length, with a total investment potentially exceeding $10 billion. According to preliminary plans, the undersea cable network will start from the east coast of the United States, pass through South Africa to reach Mumbai, India, then go around to Chennai, India, and connect Australia and the west coast of the United States.

Last Friday's top 20 turnover

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.

• Beijing-based institutions swept billions in Meituan, buying over HKD 0.8 billion in Alibaba, and selling over HKD 0.2 billion in Xiaomi.

On November 29 (Friday), the net buying of Hong Kong stocks by southbound funds reached HKD 3.278 billion.

$MEITUAN-W (03690.HK)$、$BABA-W (09988.HK)$、$TENCENT (00700.HK)$Received net inflows of 0.829 billion Hong Kong dollars, 0.42 billion Hong Kong dollars, 0.36 billion Hong Kong dollars respectively;

$TRACKER FUND OF HONG KONG (02800.HK)$、$XIAOMI-W (01810.HK)$、$CNOOC (00883.HK)$Net selling of 1.516 billion Hong Kong dollars, 0.252 billion Hong Kong dollars, and 61.81 million Hong Kong dollars respectively.

• A ten-year high! Southbound funds 'fiercely attack' Hong Kong stocks.

As the November Hong Kong stock market closes, the southbound funds have net bought Hong Kong stocks for 711.1 billion Hong Kong dollars this year, exceeding 2020, setting a ten-year high. Southbound funds mainly increased positions in central SOEs, with a strong preference for banks and energy stocks. Internet leaders are also a focus of southbound fund shareholding.

• November electric vehicle delivery report: BYD's new energy vehicle sales exceeded 0.5 million, while Xiaopeng broke through 0.03 million.

On December 1st, several electric vehicle companies disclosed their delivery performance for the previous month. $BYD COMPANY (01211.HK)$ In November, sales of new energy vehicles exceeded 0.5 million vehicles;$XIAOMI-W (01810.HK)$ SU7 delivery volume exceeded 20,000 units last month, Xiaomi expressed confidence in achieving the annual delivery target of over 0.13 million units; $LI AUTO-W (02015.HK)$ In November, 48,740 new vehicles were delivered, an 18.8% year-on-year increase; $NIO-SW (09866.HK)$ Delivery of 20,575 new vehicles, exceeding 0.02 million units for seven consecutive months; $XPENG-W (09868.HK)$ In November, a total of 30,895 new cars were delivered, a 54% year-on-year increase. The monthly delivery volume exceeded 0.03 million for the first time, setting a new monthly delivery record high for 3 consecutive months.

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: USA November ISM Manufacturing PMI; China November Caixin Manufacturing PMI

On Monday, economic data will be released, including the final value of the usa November s&p global manufacturing PMI, the usa November ISM manufacturing PMI, the usa October construction spending month-on-month rate, and the china November Caixin manufacturing PMI.

In terms of new stocks, $YSX Tech (YSXT.US)$ 、 $Leishen Energy Holding Co., Ltd. (LSE.US)$ will be listed in post-market trading.

Futubull Morning News:

The person who turns over the most rocks wins the game. This has always been my philosophy.
—— Peter Lynch

Editor/Somer