The Shanghai Composite Index closed the morning trade down 0.03% at 3294.025, a decrease of 1.035 compared to the previous day.
The Shanghai Composite Index closed the morning Trade at 3,294.025, down 0.03% (a decrease of 1.035 from the previous day). The dollar-yen exchange rate is around 143.6 yen.
Morgan Stanley's latest viewpoint! Will the Hong Kong stock market perform better than the A-share market?
If tariffs are reduced, the offshore market may outperform the onshore market, benefiting the Internet/Technology, Consumer (relief from deflation), and Medical (easing of China-US relations) sectors.
USA LNG Industry warns: The White House's new policy on charging China CSSC cannot be implemented.
① The USA government plans to impose fees on China CSSC for docking at US ports; the current rate has already decreased from the initial amount due to opposition from the shipping industry, but it still faces criticism. ② The USA Henry Hub Natural Gas industry warns that the White House's protectionist measures against China CSSC will threaten USA Henry Hub Natural Gas exports. ③ The industry is exempt from fees for China CSSC docking, but after three years, it must use USA ships to export goods, causing significant complaints.
Inke Recycle: Q1 non-net profit decreased by 32% year-on-year.
In 2024, the top ten circulating Shareholder Holdings of Yingke Recycling accounted for a total of 58.07%, with new shareholders including the National Social Security Fund 112 Portfolio, holding 2.8278 million shares; According to the 2024 Earnings Reports, the top two products by revenue for Yingke Recycling were finished frames and decorative building materials.
Canxin Technology's Q1 revenue plummeted by nearly 60%, and the 28nm process platform has completed front-end design.
① In Q1, Canxin Technology achieved a revenue of 0.139 billion yuan, a year-on-year decrease of 59.23%, with a net income attributable to shareholders of -25.81 million yuan, marking a loss compared to the same period last year; ② Canxin Technology stated that the decline in performance was influenced by fluctuations in downstream customer demand, while the company continued to increase investment in research and development, which collectively led to a decline in profit levels year-on-year.
China International Capital Corporation: The resilience of China's Assets is highlighted, and the main lines of dividends, domestic substitutes, and consumer demand will be relatively dominant.
Since the beginning of the year, there have been two major variables affecting the market: one is DeepSeek rewriting the Technology narrative, and the other is the frequent changes in tariff policies after Trump's inauguration. The former has become a catalyst for the spring market in A-shares, while the latter has led to fluctuations in the market in April. Recently, stabilizing funds have entered the market, and tariff expectations have fluctuated, leading to market stabilization and recovery.
