① The Manufacturing Index released by the Institute for Supply Management in the usa rose by 1.9 points, with most categories in the index showing improvement. ② The French Prime Minister announced the bypassing of parliament to force through the fiscal budget. ③ Federal Reserve Governor Waller stated a tendency to further lower interest rates in December. ④ The Department of Commerce in the usa released new export control measures on semiconductors to china, with a response from the Department of Commerce. ⑤ The us stock market's nasdaq and the s&p 500 index have both hit new all-time highs.
According to Caixin on December 3 (Editor: Tong Gu), the key pre-market news for Hong Kong stocks today includes:
Hot news
[The Manufacturing Index from the Institute for Supply Management in the usa rose by 1.9 points, marking the largest increase since March.]
The Manufacturing Index from the Institute for Supply Management in the usa rose by 1.9 points to 48.4, the largest increase since March. Although the latest figures indicate that the industry has been shrinking for the eighth consecutive month, most categories within the index showed improvement.
[The Department of Commerce in the usa released new export control measures on semiconductors to china and responded accordingly.]
On December 2, the Department of Commerce in the usa issued export control measures on semiconductors to china, tightening restrictions on semiconductor manufacturing equipment, storage chips, and other items. 136 Chinese entities were added to the export control entity list, expanding extraterritorial jurisdiction. The Chinese side views this measure as typical economic coercion and non-market practices, firmly opposing the usa's broadening of national security concepts, the misuse of export control measures, and unilateral bullying actions.
[The French Prime Minister announced the bypassing of parliament to force through the fiscal budget.]
French Prime Minister Michel Barnier announced the bypass of parliament to forcefully pass the fiscal budget, and the far-right party "National Rally" in France stated that it will support a no-confidence vote against the government.
[Federal Reserve Governor Waller indicates a preference for another rate cut in December]
Federal Reserve Governor Waller stated that he leans towards another rate cut at the upcoming meeting later this month, although the data released then might provide a reason to hold steady.
Global Markets
The three major U.S. stock indexes had mixed performances on Monday, with the Dow down 0.29%, the Nasdaq up 0.97%, and the S&P 500 index up 0.24%, both the Nasdaq and S&P 500 index reached new historical highs.
Chip stocks collectively strengthened, with Taiwan Semiconductor rising over 5%, Arm Holdings increasing more than 4%, AMD and ASML holding gaining over 3%, and Broadcom and Qualcomm rising nearly 3%. Super Micro Computer surged nearly 29%, stating in a press release that the results of an independent special committee's investigation showed that the resignation of Ernst & Young and the conclusions mentioned in the resignation letter were not substantiated by a review.
The Nasdaq Golden Dragon China Index closed up 0.98%, with most china concept stocks rising. XPeng Motors increased more than 5%, Bilibili up nearly 4%, PDD Holdings rising over 2%, and NetEase and Baidu up over 1%. On the downside, Li Auto dropped more than 3%, with NIO and Alibaba falling over 1%.
The three major Hong Kong stock indexes continued to be strong on Monday. At the close, the Hang Seng Index rose 0.65%, closing at 19,550.29 points; the Technology Index increased 1.20%, closing at 4,405.95 points; and the Hang Seng China Enterprises Index was up 0.90%, closing at 7,009.05 points.
In terms of market performance, consumer electronics, brokerage, autos, gambling, and real estate stocks led the gains, while gold and coal industrial concept stocks saw the largest declines.
Company News:
China Res Land (01109): On December 2, the company's indirect wholly-owned subsidiary Shenzhen Runtou and China Ocean Enterprise Development jointly bid for the land use rights of a plot located in Yuehai Street, Nanshan District, Shenzhen, China. The consortium successfully acquired the land use rights through public listing for an amount of 18.512 billion yuan, to be used for residence and commercial development.
hkbn (01310): Has received a non-binding preliminary intention from I Squared, indicating its interest in acquiring 100% of the company's issued shares; additionally, China Mobile has made a tender offer at a price of 5.23 HKD per share, representing a premium of about 7.61% over the closing price on November 29.
Shenzhen Int'l (00152): A subsidiary has signed a tripartite agreement with the project management agency and the construction party, with the total project cost estimated at approximately 3.169 billion yuan.
Logan Group (03380): The deadline for creditors to support the agreement has been further extended to December 9, 2024, to allow more time for ongoing discussions regarding the overseas restructuring.
Shimao Group (00813): The winding-up petition filed by the company in the High Court has been withdrawn with mutual consent. Creditors holding approximately 79.06% of the total outstanding debt have expressed their support for the proposed restructuring.
Binhai Inv (02886): Has established a strategic cooperation agreement with Huaneng Power regarding gas utilization, project construction investment, and new energy business.
Hevol Services (06093): plans to invest 65.4 million yuan to further acquire 30% equity in Sichuan Wansheng Property Service.
Shenzhen Express (00548): In October, the toll revenue of Mei-Guang Expressway, Ji-He East Section, Ji-He West Section, Yang-Jiang Project, and Outer Ring Project was 12.158 million yuan, 49.679 million yuan, 41.284 million yuan, 62.466 million yuan, and 85.993 million yuan respectively, representing year-on-year increases of 7.67%, 1%, 2.5%, 24.73%, and -2.24%.
Uni-Bio Group (00690): The restructured collagen type II medical instruments have been approved, and the beauty medical products are being launched.
Important data
23:00 USA October JOLTs job vacancies.
