The performance of US stocks was lackluster last night, but the two Chinese stock markets gained enough attention.

GetDeutsche BankAfter being optimistic,Wei LoeAutomobiles surged nearly 11%; after receiving rapid pathogen diagnosis technology, a Hong Kong pharmaceutical company rose more than 1000% intraday.

However, under the influence of the epidemic, overseas companies are not having a good time. Due to the slow resumption of amusement park operations,DisneyThe layoffs of 28,000 people were announced. As the recovery of oil demand was dragged down by the epidemic, many oil stocks fell due to oil trends.

Deutsche Bank Analyst: NIO is as popular as BMW and Mercedes-Benz

NIO Auto rose nearly 11%

The performance of US stocks was lackluster last night, and the three major stock indexes all pulled back slightly.

However, NIO Auto once rose more than 12% and closed up 10.85%. Its stock price reached a record high, with a market capitalization of 28.1 billion US dollars.

According to the news, in a report entitled “Who will become the next iconic car brand”, Deutsche Bank reiterated its purchase rating for NIO and its target price of $24, which is about 27% higher than the company's closing price on Monday.

According to Deutsche Bank, NIO may become the next iconic car brand.

Deutsche Bank has seen compelling evidence that NIO is increasingly viewed by customers as a high-quality brand with first-class technology and service. Analyst Edison Yu said that NIO's recommendation rate was 62%, and pointed out that a study found that NIO was as popular among customers as BMW and Mercedes-Benz. In another report, NIO surpassedTeslaBecome the most reliable battery electric car.

Edison Yu believes that with the popularity of electric vehicles and the spread of NIO's reputation, NIO believes that as consumers begin to understand the value proposition and quality of its products and services, NIO can occupy an important share in the high-end market.

The report also expects NIO's third and fourth quarter deliveries to reach record highs, driven by its SUV EC6.

Edison Yu believes that four Chinese automakers, with the support of large, well-capitalized technology companies and ambitious local governments, are preparing to make a big splash in the NEV industry. He called them the four new car builders - NIO, Xpeng,Li AutoWM Motor and believes NIO is the leader because it has a stronger brand awareness, higher sales volume, a focus on the high-end SUV segment, and a market-tested operating record.

Edison Yu doesn't think the NEV market is a zero-sum game. He believes that customer demand can support the above four new car builders and Tesla, because there is still a lot of room in the market, and these electric vehicle companies can seize market share from traditional ICE car manufacturers.

Deutsche Bank analysts said bluntly that since coverage of this stock began on September 8, NIO's stock price has pulled back because the stock does not have the star appeal of competitors such as Tesla. However, Deutsche Bank believes that this is not surprising considering the company's relatively young age, but research shows that NIO is building brand loyalty.

However, due to last night's sharp rise, NIO Auto's annual increase has reached 418.66%, surpassing Tesla's annual increase (400.88%).

Acquire rapid pathogen diagnosis technology

The First China Stock Exchange rose more than 1000% in the intraday period

In addition to NIO Auto, there is another Chinese stock that has garnered a lot of attention in the market.

Last night, China SecuritiesZhilin GroupShortly after opening, the market surged by 1000%, and the closing increase fell back to 290%.

Before the US stock market, the company announced the establishment of Aptorum Innovations, a subsidiary focused on infectious disease diagnosis.

In addition, the company also announced that it has received an exclusive license from Accelerate Technologies, a commercial branch of the Singapore Science and Technology Research Authority, to jointly develop rapid molecular-based pathogen diagnosis technology to track the pathogen genome.

According to public information, Zhilin Group is a pharmaceutical company in Hong Kong, China. It is committed to discovering, developing and commercializing medical technology to treat diseases that do not meet medical needs, especially infectious diseases and cancer (including orphan tumor indications), etc., and carry out treatment and diagnosis programs in the fields of neurology, infectious diseases, gastroenterology, oncology and other diseases.

Disney lays off 28,000 employees

The giant Disney couldn't handle it either, announcing the layoffs of 28,000 employees.

Disneyland director Josh D'Amaro said in a letter to employees on Tuesday that the company must make “difficult decisions” after the COVID-19 pandemic, including ending unpaid work for thousands of employees.

D'Amaro said that of the 28,000 laid-off US employees, about 67% were part-time employees.

D'Amaro said, “We cut expenses, suspended capital programs, put our cast and crew on hold while still paying benefits, and changed the way we operate to operate as efficiently as possible, but when we operate with this limited capacity, we simply cannot responsibly keep all of our employees on duty.”

After the news of the layoffs was announced, Disney once fell by more than 1.5% after the market.

According to Disney's financial report, the parks, experiences, and consumer goods divisions account for 37% of the company's total revenue of 69.6 billion US dollars, which is critical to Disney's performance.

Since the outbreak of the epidemic, Disney has suffered heavy losses. As of the third fiscal quarter of June 27, 2020, Disney's net loss from continuing operations reached US$4.718 billion.

Currently, Disney's other theme parks in Florida, Paris, Shanghai, Japan, and Hong Kong have reopened, but due to the pandemic, there are restrictions on the number of visitors entering the park, while Disney's Adventure Park and Disneyland in California are still closed.

D'Amaro said, “California is unwilling to lift restrictions that restrict the reopening of Disneyland, which has exacerbated Disney's disaster.” It is reported that D'Amaro and his team have been working hard to persuade California lawmakers to reopen the park.

Oil fell more than 3%, US gas plummeted 10%

Gold returns to the 1900 mark

In anticipation of weak demand recovery, international oil prices fell across the board. WTI crude oil futures for November once fell by more than 5%, closing by more than 3%.

NYMEX crude oil futures and Brent crude oil futures both fell by more than 3%.

Crude oil futures in the previous period closed down 2.45% overnight to 258.40 yuan/barrel.

U.S. gas futures also collapsed, plummeting nearly 10.63% during the day.

A number of oil stocks declined.

Under the influence of the continued development of the epidemic and the resurgence of lockdown measures in some regions, the market's expectations for the recovery of oil demand have also become more pessimistic. Oil industry hedge fund manager Andurand said that oil demand will be difficult to recover until 2022, and oil demand is expected to peak in 2026.

The Torque Group said last night that it is difficult to have a bullish view of this year's oil prices.

This morning, the US API report showed that US crude oil inventories fell by 831,000 barrels to 494.4 million barrels last week, and the market expects an increase of 1.4 million barrels; US crude oil imports fell 79,000 b/d last week.

The unexpected decline in US API gasoline inventories caused US oil and oil oil to rise slightly in the short term after the API data was released, but then continued to decline.

While oil and gas futures have plummeted, gold futures have been rising for two days, returning to the $1,900 per ounce mark.

TencentJustSogouPrivatization reaches final agreement

SohuUp more than 11%

Last night, Sogou announced that it had reached a final agreement on the privatization deal. The transaction is expected to be completed in the fourth quarter of 2020. After the merger is completed, Sogou will become an indirect wholly-owned subsidiary of Tencent, and its American Depositary Receipts will no longer be listed on the New York Stock Exchange.

According to reports, Sogou's parent company Sohu has agreed to sell all of Sogou's Class A common shares and Class B common shares held by it to Tencent's subsidiary TitanSuperNova, which is expected to receive about 1.18 billion US dollars in cash. Since then, Sohu will no longer own any interest in Sogou.

Sohu once rose nearly 19% in trading and closed up 11.42%.

Sogou rose 2.31%.

J.P. MorganFined 6 billion dollars

There have been recent developments in the J.P. Morgan investigation.

J.P. Morgan admitted that there was misconduct and agreed to pay more than 920 million US dollars, or 6.3 billion yuan, a record in order to resolve the US authorities' allegations of market manipulation in metal futures and US Treasury bonds over eight years.

According to the US Department of Justice, J.P. Morgan's fraud in US Treasury bonds transactions caused losses of $105 million; losses of $206 million in precious metals transactions.

Last night, J.P. Morgan dropped 0.84%.