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On the morning of the 9th, General Secretary Xi Jinping visited the National Information Technology Innovation Park in Yizhuang, Beijing, to learn about the application innovation of information technology and Beijings efforts to accelerate the construction of an international science and technology innovation center. He also viewed a display of representative scientific and technological innovation achievements and had a cordial exchange with representatives of researchers and technology companies.February 9th - Following strong performances in all three major US stock indices last Friday, Hong Kong stocks opened higher and continued to rise throughout the day. The Hang Seng Index opened 422 points higher at 26,982, before narrowing its gains to 319 points, reaching a low of 26,879. It then rallied again, rising 514 points to a high of 27,074, once again breaching the 27,000 mark. At the close, the Hang Seng Index was up 1.17% in the morning session, while the Hang Seng Tech Index was up 1.02%. The total turnover of the Hang Seng Index market was HK$136.25 billion. On the sector front, optical communications, photovoltaic equipment, and wind power stocks led the gains, while mainland property stocks saw a surge, and semiconductor stocks continued their strong performance. New consumption concepts, telecommunications, home appliances, and oil stocks were weak. In terms of individual stocks, Innovent Biologics (01801.HK) rose nearly 6%, Pop Mart (09992.HK) rose over 5.7%, China Life (02628.HK), Longfor Group (00960.HK), Zijin Mining (02899.HK), and Hua Hong Semiconductor (01347.HK) rose over 5%, Kuaishou (01024.HK) fell over 4.2%, and China Telecom (00728.HK) and China Mobile (00941.HK) both fell over 1.5%.On February 9th, a new PR (Public Retrieval Request) for Qwen 3.5 to merge into Transformers appeared on the open-source project page of HuggingFace, the worlds largest AI open-source community. Industry insiders speculate that the release of Alibabas next-generation foundational model, Qwen 3.5, is imminent, sparking heated discussions in the global AI open-source community. Some commentators have described a "crazy February" led by large-scale Chinese models as imminent. Related information reveals that Qwen 3.5 adopts a new hybrid attention mechanism and is highly likely to be a natively capable VLM-like model for visual understanding. Developers have further discovered that Qwen 3.5 may open-source at least a 2B dense model and a 35B-A3B MoE model.Japanese Prime Minister Sanae Takaichi: The US-Japan alliance and friendship are built on deep trust and close, solid cooperation.Japanese Prime Minister Sanae Takaichi: The potential of our alliance is limitless.

S&P 500 Remains Under Pressure As Traders Stay Cautious

Cory Russell

Dec 08, 2022 15:49


Tesla Stock Is Still Under Severe Stress

The S&P 500 made an attempt to settle above 3960 after recovering from session lows near the level of 3915 as the stock market sought to regain stability following the recent pullback. S&P 500, however, remained below 3960 and moved closer to 3930.


Although the yield on 10-year Treasuries tested new lows near 3.40%, stocks were not significantly helped by this development.


Concerns about the demand for the company's vehicles caused Tesla to decline by more than 3%. Morgan Stanley reduced its iPhone estimate, which caused Apple to decline by more than 1%.


As the sell-off in the oil markets continued, pressure on the energy stocks persisted. Oil services companies took the lead in the retreat. Halliburton


From a broad perspective, traders are still concerned about a possible global recession. At the same time, it is important to remember that the safe-haven U.S. dollar has risen significantly from its yearly lows and that Treasury yields have sharply declined in recent weeks.


It is unclear if traders will be willing to take on more risk before the Fed meeting. The market might therefore continue to be choppy in the coming trading sessions unless investors discover a significant catalyst that would spark a significant move.